LSV Asset Management Sells 139,100 Shares of Guess?, Inc. (NYSE:GES)

Key Points

• LSV Asset Management reduced its stake in Guess?, Inc. by 9.7%, now holding approximately 1.29 million shares valued at $14.3 million.
• The company's stock is currently trading at $12.96 and recently reported an earnings per share (EPS) of ($0.44), which exceeded the consensus estimate.
• Guess? declared a quarterly dividend of $0.30 per share, reflecting an annual yield of 9.3%.

LSV Asset Management reduced its position in shares of Guess?, Inc. (NYSE:GES - Free Report) by 9.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,292,026 shares of the company's stock after selling 139,100 shares during the quarter. LSV Asset Management owned about 2.49% of Guess? worth $14,303,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in GES. Dimensional Fund Advisors LP increased its holdings in Guess? by 7.5% during the 4th 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 in the last quarter. Vanguard Group Inc. raised 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 purchasing an additional 231,926 shares during the last quarter. Millennium Management LLC raised its stake 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. BNP Paribas Financial Markets raised 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 purchasing an additional 80,944 shares during the last quarter. Finally, Allianz Asset Management GmbH raised its stake in shares of Guess? by 38.4% in the first quarter. Allianz Asset Management GmbH now owns 644,308 shares of the company's stock worth $7,132,000 after purchasing an additional 178,848 shares during the last quarter. 61.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on GES shares. Telsey Advisory Group reissued a "market perform" rating and issued a $13.00 price objective on shares of Guess? in a research note on Monday, June 2nd. UBS Group increased their price objective on Guess? from $11.00 to $12.00 and gave the stock a "neutral" rating in a research note on Thursday, May 22nd.

Guess? Stock Performance

Shares of GES stock traded up $0.06 during trading on Friday, hitting $13.74. The company's stock had a trading volume of 158,885 shares, compared to its average volume of 1,184,214. The company has a market cap of $714.75 million, a PE ratio of -57.08 and a beta of 1.24. 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 business has a fifty day moving average of $12.49 and a 200-day moving average of $11.74. Guess?, Inc. has a 52 week low of $8.48 and a 52 week high of $22.87.

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

Guess? Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 18th were issued a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $1.20 annualized dividend and a dividend yield of 8.7%. Guess?'s dividend payout ratio is currently -500.00%.

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.