Millennium Management LLC Has $16.30 Million Position in Guess?, Inc. (NYSE:GES)

Millennium Management LLC increased its stake in Guess?, Inc. (NYSE:GES - Free Report) by 160.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,159,249 shares of the company's stock after purchasing an additional 713,666 shares during the period. Millennium Management LLC owned 2.25% of Guess? worth $16,299,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. EMC Capital Management boosted its position in Guess? by 158.0% in the 4th quarter. EMC Capital Management now owns 9,908 shares of the company's stock valued at $139,000 after buying an additional 6,068 shares during the last quarter. Freestone Grove Partners LP bought a new position in Guess? in the fourth quarter valued at about $171,000. Jump Financial LLC bought a new position in Guess? in the fourth quarter valued at about $191,000. Amundi increased its position in Guess? by 109.6% in 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 period. Finally, Brevan Howard Capital Management LP acquired a new stake in Guess? in the fourth quarter worth about $206,000. Institutional investors and hedge funds own 61.74% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on GES shares. UBS Group upped their target price on shares of Guess? from $11.00 to $12.00 and gave the company a "neutral" rating in a research report on Thursday, May 22nd. Telsey Advisory Group reissued a "market perform" rating and set a $13.00 price target on shares of Guess? in a research note on Friday, April 4th.

Guess? Trading Up 0.7%

Shares of GES traded up $0.08 on Tuesday, reaching $11.12. 470,270 shares of the company's stock were exchanged, compared to its average volume of 1,226,285. The business has a 50 day moving average price of $10.93 and a two-hundred day moving average price of $12.70. The company has a current ratio of 1.54, a quick ratio of 0.74 and a debt-to-equity ratio of 1.18. The stock has a market capitalization of $578.36 million, a P/E ratio of 9.34 and a beta of 1.25. Guess?, Inc. has a 12 month low of $8.48 and a 12 month high of $24.64.

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

Guess? Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 2nd. Stockholders of record on Wednesday, April 16th were given a $0.30 dividend. The ex-dividend date was Wednesday, April 16th. This represents a $1.20 annualized dividend and a dividend yield of 10.79%. Guess?'s dividend payout ratio is currently 187.50%.

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

About Guess?

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.