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

Millennium Management LLC grew its position in shares of Guess?, Inc. (NYSE:GES - Free Report) by 160.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,159,249 shares of the company's stock after purchasing an additional 713,666 shares during the quarter. Millennium Management LLC owned approximately 2.25% of Guess? worth $16,299,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in GES. Comerica Bank increased its stake in shares of Guess? by 6.2% in the fourth quarter. Comerica Bank now owns 31,906 shares of the company's stock valued at $449,000 after buying an additional 1,852 shares during the period. Algert Global LLC increased its position in Guess? by 2.8% in the 4th quarter. Algert Global LLC now owns 89,903 shares of the company's stock valued at $1,264,000 after acquiring an additional 2,435 shares during the period. AlphaQuest LLC increased its position in Guess? by 17.6% in the 4th quarter. AlphaQuest LLC now owns 20,498 shares of the company's stock valued at $288,000 after acquiring an additional 3,070 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Guess? by 23.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,533 shares of the company's stock valued at $280,000 after acquiring an additional 3,906 shares during the last quarter. Finally, EMC Capital Management lifted its holdings in shares of Guess? by 158.0% during the fourth quarter. EMC Capital Management now owns 9,908 shares of the company's stock worth $139,000 after purchasing an additional 6,068 shares during the period. 61.74% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Guess? Trading Up 2.3%

Shares of NYSE:GES traded up $0.25 during trading on Tuesday, reaching $11.29. The stock had a trading volume of 97,186 shares, compared to its average volume of 1,224,830. Guess?, Inc. has a 52 week low of $8.48 and a 52 week 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 firm's fifty day moving average is $10.95 and its 200 day moving average is $12.71. The stock has a market cap of $587.20 million, a price-to-earnings ratio of 9.48 and a beta of 1.25.

Guess? (NYSE:GES - Get Free Report) last released its earnings results on Thursday, April 3rd. The company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $916.75 million. During the same quarter in the previous year, the business earned $2.01 earnings per share. Guess?'s revenue for the quarter was up 4.6% on a year-over-year basis. As a group, equities analysts forecast that Guess?, Inc. will post 1.92 EPS for the current fiscal year.

Guess? Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 2nd. Investors of record on Wednesday, April 16th were given a dividend of $0.30 per share. The ex-dividend date was Wednesday, April 16th. This represents a $1.20 annualized dividend and a dividend yield of 10.63%. Guess?'s payout ratio is 187.50%.

Guess? announced that its board has approved a stock repurchase program on Tuesday, March 25th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the company to reacquire 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.

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.