Hennessy Advisors Inc. Has $3.21 Million Position in Guess?, Inc. (NYSE:GES)

Hennessy Advisors Inc. lessened its holdings in shares of Guess?, Inc. (NYSE:GES - Free Report) by 10.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 289,700 shares of the company's stock after selling 33,100 shares during the quarter. Hennessy Advisors Inc. owned 0.56% of Guess? worth $3,207,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sanctuary Advisors LLC increased its stake in shares of Guess? by 3.5% in the fourth quarter. Sanctuary Advisors LLC now owns 715,343 shares of the company's stock worth $9,514,000 after buying an additional 24,313 shares during the last quarter. Atlas Legacy Advisors LLC bought a new stake in shares of Guess? in the 4th quarter worth about $2,191,000. Versor Investments LP acquired a new stake in shares of Guess? in the 4th quarter valued at about $256,000. Charles Schwab Investment Management Inc. lifted its position in shares of Guess? by 13.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,383,177 shares of the company's stock worth $19,447,000 after purchasing an additional 167,782 shares during the last quarter. Finally, Amundi lifted its position in shares of Guess? by 109.6% during the fourth quarter. Amundi now owns 14,291 shares of the company's stock worth $193,000 after purchasing an additional 7,472 shares during the last quarter. 61.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on GES shares. Telsey Advisory Group reiterated a "market perform" rating and issued a $13.00 price target on shares of Guess? in a report on Monday, June 2nd. UBS Group lifted their price objective on shares of Guess? from $11.00 to $12.00 and gave the stock a "neutral" rating in a report on Thursday, May 22nd.

Guess? Stock Performance

GES traded down $0.18 during trading hours on Wednesday, hitting $11.41. The company's stock had a trading volume of 392,982 shares, compared to its average volume of 1,198,482. The company has a 50-day simple moving average of $11.13 and a 200 day simple moving average of $12.14. The company has a current ratio of 1.57, a quick ratio of 0.76 and a debt-to-equity ratio of 1.08. The firm has a market capitalization of $593.29 million, a PE ratio of -47.54 and a beta of 1.20. Guess?, Inc. has a fifty-two week low of $8.48 and a fifty-two week high of $24.64.

Guess? (NYSE:GES - Get Free Report) last issued its quarterly earnings data on Thursday, June 5th. The company reported ($0.44) earnings per share for the quarter, beating analysts' consensus estimates of ($0.70) by $0.26. The business had revenue of $647.80 million for the quarter, compared to analysts' expectations of $630.61 million. Guess? had a net margin of 0.47% and a return on equity of 18.25%. The company's revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the business earned ($0.27) earnings per share. As a group, sell-side analysts expect that Guess?, Inc. will post 1.92 EPS for the current year.

Guess? Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 18th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 10.52%. The ex-dividend date is Wednesday, June 18th. Guess?'s dividend payout ratio is presently -500.00%.

Guess? announced that its Board of Directors has approved a share buyback program on Tuesday, March 25th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the company to purchase up to 38.5% of its stock through open market purchases. Stock buyback programs are often a sign that the company's management believes its stock is undervalued.

Guess? Company 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.