Groupe la Francaise Purchases Shares of 60,001 Guess?, Inc. $GES

Key Points

• Groupe la Francaise has acquired 60,001 shares of Guess?, Inc. valued at approximately $664,000, representing 0.12% ownership in the company.
• Guess? recently reported a quarterly revenue of $647.80 million, exceeding analysts' expectations, with a share price showing a slight increase of 0.1% to open at $16.8450.
• The company declared a quarterly dividend of $0.30, marking a 7.1% yield, despite a significant dividend payout ratio of -500.00%.

Groupe la Francaise bought a new stake in Guess?, Inc. (NYSE:GES - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 60,001 shares of the company's stock, valued at approximately $664,000. Groupe la Francaise owned about 0.12% of Guess? as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in Guess? by 713.0% in the first quarter. GAMMA Investing LLC now owns 2,317 shares of the company's stock valued at $26,000 after acquiring an additional 2,032 shares during the last quarter. Parallel Advisors LLC lifted its stake in Guess? by 9,137.0% in the first quarter. Parallel Advisors LLC now owns 2,494 shares of the company's stock valued at $28,000 after acquiring an additional 2,467 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in Guess? by 507.5% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 3,900 shares of the company's stock valued at $43,000 after acquiring an additional 3,258 shares during the last quarter. CWM LLC lifted its stake in Guess? by 3,085.0% in the first quarter. CWM LLC now owns 4,236 shares of the company's stock valued at $47,000 after acquiring an additional 4,103 shares during the last quarter. Finally, US Bancorp DE lifted its stake in Guess? by 4,168.7% in the first quarter. US Bancorp DE now owns 4,226 shares of the company's stock valued at $47,000 after acquiring an additional 4,127 shares during the last quarter. 61.74% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on GES shares. UBS Group boosted their price objective on shares of Guess? from $13.00 to $16.75 and gave the stock a "neutral" rating in a research note on Thursday. Telsey Advisory Group restated a "market perform" rating and issued a $16.75 price objective on shares of Guess? in a research note on Thursday. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $16.75.

Guess? Stock Performance

NYSE:GES traded up $0.05 during trading hours on Thursday, hitting $16.89. 1,223,278 shares of the company traded hands, compared to its average volume of 1,249,915. The stock has a market capitalization of $878.36 million, a price-to-earnings ratio of -70.35 and a beta of 1.24. Guess?, Inc. has a twelve month low of $8.48 and a twelve month high of $21.26. The firm has a 50-day moving average of $13.53 and a 200 day moving average of $11.96. The company has a current ratio of 1.57, a quick ratio of 0.76 and a debt-to-equity ratio of 1.08.

Guess? (NYSE:GES - Get Free Report) last released its earnings results on Wednesday, August 27th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.16 by $0.10. The firm had revenue of $772.94 million during the quarter, compared to analysts' expectations of $758.72 million. Guess? had a net margin of 0.47% and a return on equity of 18.25%. The business's quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.42 EPS. On average, analysts forecast that Guess?, Inc. will post 1.92 EPS for the current year.

Guess? Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Wednesday, September 10th will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 5.3%. The ex-dividend date is Wednesday, September 10th. Guess?'s dividend payout ratio is presently -500.00%.

Guess? Profile

Guess?, Inc designs, markets, distributes, and licenses lifestyle collections of apparel and accessories for men, women, and children. It operates through five segments: Americas Retail, Americas Wholesale, Europe, Asia, and Licensing. The company's clothing collection includes jeans, pants, skirts, dresses, shorts, blouses, shirts, jackets, activewear, knitwear, and intimate apparel.