Lazard Asset Management LLC lowered its holdings in Guess?, Inc. (NYSE:GES - Free Report) by 64.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,380 shares of the company's stock after selling 81,689 shares during the period. Lazard Asset Management LLC owned approximately 0.09% of Guess? worth $638,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its holdings in shares of Guess? by 7.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,290,336 shares of the company's stock valued at $46,261,000 after purchasing an additional 228,601 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Guess? by 7.6% in the fourth quarter. Vanguard Group Inc. now owns 3,274,565 shares of the company's stock worth $46,040,000 after acquiring an additional 231,926 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Guess? by 13.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,383,177 shares of the company's stock worth $19,447,000 after acquiring an additional 167,782 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of Guess? by 8.6% in the fourth quarter. BNP Paribas Financial Markets now owns 1,020,538 shares of the company's stock worth $14,349,000 after acquiring an additional 80,944 shares during the last quarter. Finally, 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 acquiring an additional 24,313 shares during the last quarter. Hedge funds and other institutional investors own 61.74% of the company's stock.
Guess? Stock Up 0.7%
Shares of NYSE GES traded up $0.08 during mid-day trading on Tuesday, reaching $11.12. The company had a trading volume of 470,270 shares, compared to its average volume of 1,226,285. Guess?, Inc. has a twelve month low of $8.48 and a twelve month high of $24.64. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.74 and a current ratio of 1.54. The stock has a market capitalization of $578.36 million, a PE ratio of 9.34 and a beta of 1.25. The stock's 50 day moving average is $10.93 and its 200-day moving average is $12.70.
Guess? (NYSE:GES - Get Free Report) last posted its quarterly earnings results on Thursday, April 3rd. The company reported $1.48 earnings per share for the quarter, topping analysts' consensus estimates of $1.41 by $0.07. The business had revenue of $932.25 million for the quarter, compared to the consensus estimate of $916.75 million. Guess? had a net margin of 3.19% and a return on equity of 23.29%. Guess?'s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the prior year, the business posted $2.01 earnings per share. As a group, equities analysts anticipate that Guess?, Inc. will post 1.92 earnings per share for the current fiscal year.
Guess? Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, May 2nd. Shareholders of record on Wednesday, April 16th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 10.79%. The ex-dividend date was Wednesday, April 16th. Guess?'s payout ratio is 187.50%.
Guess? declared that its board has approved a stock buyback program on Tuesday, March 25th that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 38.5% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's board of directors believes its stock is undervalued.
Analysts Set New Price Targets
GES has been the topic of a number of research reports. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $13.00 price target on shares of Guess? in a research note on Friday, April 4th. UBS Group upped their price target on shares of Guess? from $11.00 to $12.00 and gave the stock a "neutral" rating in a research note on Thursday, May 22nd.
Check Out Our Latest Stock Analysis on GES
Guess? Profile
(
Free Report)
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.
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