Two Sigma Advisers LP Reduces Stock Position in Guess?, Inc. (NYSE:GES)

Two Sigma Advisers LP trimmed its stake in Guess?, Inc. (NYSE:GES - Free Report) by 14.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 288,002 shares of the company's stock after selling 47,300 shares during the period. Two Sigma Advisers LP owned approximately 0.56% of Guess? worth $4,049,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its position 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 worth $46,261,000 after purchasing an additional 228,601 shares during the last quarter. Vanguard Group Inc. increased its position 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 purchasing an additional 231,926 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position 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 purchasing an additional 167,782 shares during the last quarter. Millennium Management LLC increased its position in shares of Guess? by 160.2% in the fourth quarter. Millennium Management LLC now owns 1,159,249 shares of the company's stock worth $16,299,000 after purchasing an additional 713,666 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its position 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 purchasing an additional 80,944 shares during the last quarter. 61.74% of the stock is currently owned by institutional investors.

Guess? Price Performance

NYSE GES traded up $0.05 on Wednesday, reaching $11.17. 667,093 shares of the company's stock traded hands, compared to its average volume of 1,224,057. Guess?, Inc. has a 12 month low of $8.48 and a 12 month high of $24.64. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.54 and a quick ratio of 0.74. The stock has a 50-day simple moving average of $10.93 and a 200 day simple moving average of $12.70. The stock has a market cap of $580.96 million, a PE ratio of 9.39 and a beta of 1.25.

Guess? (NYSE:GES - Get Free Report) last issued its quarterly earnings results on Thursday, April 3rd. The company reported $1.48 EPS for the quarter, beating analysts' consensus estimates of $1.41 by $0.07. Guess? had a net margin of 3.19% and a return on equity of 23.29%. The business had revenue of $932.25 million for the quarter, compared to analysts' expectations of $916.75 million. During the same period last year, the business earned $2.01 earnings per share. The business's quarterly revenue was up 4.6% on a year-over-year basis. As a group, research analysts predict that Guess?, Inc. will post 1.92 earnings per share for the current year.

Guess? declared that its Board of Directors has initiated a stock repurchase program on Tuesday, March 25th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the company to reacquire up to 38.5% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board believes its shares are undervalued.

Guess? Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 10.74%. The ex-dividend date was Wednesday, April 16th. Guess?'s payout ratio is currently 187.50%.

Analysts Set New Price Targets

Several brokerages have issued reports on GES. UBS Group lifted their price target on Guess? from $11.00 to $12.00 and gave the stock a "neutral" rating in a research note on Thursday, May 22nd. Telsey Advisory Group reaffirmed a "market perform" rating and set a $13.00 price target on shares of Guess? in a research note on Friday, April 4th.

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.