Mork Capital Management LLC Has $1.22 Million Position in Guess?, Inc. $GES

Key Points

• Mork Capital Management LLC significantly increased its stake in Guess?, Inc. by 214.3%, owning approximately $1.22 million worth of stock as of its latest filing.
• Guess? reported a quarterly earnings per share (EPS) of $0.26, exceeding the consensus estimate of $0.16, while its revenue increased by 5.5% compared to the same quarter last year.
• Institutional investors own 61.74% of Guess? stock, with several hedge funds dramatically increasing their positions in the company during the first quarter.

Mork Capital Management LLC grew its holdings in Guess?, Inc. (NYSE:GES - Free Report) by 214.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 110,000 shares of the company's stock after acquiring an additional 75,000 shares during the period. Mork Capital Management LLC owned 0.21% of Guess? worth $1,218,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. GAMMA Investing LLC boosted its holdings in Guess? by 713.0% in the 1st quarter. GAMMA Investing LLC now owns 2,317 shares of the company's stock valued at $26,000 after purchasing an additional 2,032 shares during the period. Parallel Advisors LLC increased its position in Guess? by 9,137.0% in the 1st quarter. Parallel Advisors LLC now owns 2,494 shares of the company's stock valued at $28,000 after acquiring an additional 2,467 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its position in shares of Guess? by 507.5% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 3,900 shares of the company's stock worth $43,000 after buying an additional 3,258 shares during the period. US Bancorp DE grew its position in shares of Guess? by 4,168.7% during the 1st quarter. US Bancorp DE now owns 4,226 shares of the company's stock worth $47,000 after buying an additional 4,127 shares during the period. Finally, CWM LLC grew its position in shares of Guess? by 3,085.0% during the 1st quarter. CWM LLC now owns 4,236 shares of the company's stock worth $47,000 after buying an additional 4,103 shares during the period. 61.74% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on GES shares. Small Cap Consu cut shares of Guess? from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 28th. Telsey Advisory Group reissued a "market perform" rating and set a $16.75 price objective on shares of Guess? in a research note on Thursday, August 28th. Finally, UBS Group lifted their price objective on shares of Guess? from $13.00 to $16.75 and gave the stock a "neutral" rating in a research note on Thursday, August 28th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $16.75.

Guess? Stock Up 0.3%

Shares of NYSE GES traded up $0.06 during midday trading on Thursday, reaching $16.72. The company's stock had a trading volume of 146,583 shares, compared to its average volume of 1,218,608. The company has a current ratio of 1.52, a quick ratio of 0.76 and a debt-to-equity ratio of 1.10. Guess?, Inc. has a fifty-two week low of $8.48 and a fifty-two week high of $20.33. The stock has a market capitalization of $870.52 million, a price-to-earnings ratio of 104.48 and a beta of 1.24. The stock has a 50 day simple moving average of $14.37 and a 200-day simple moving average of $12.24.

Guess? (NYSE:GES - Get Free Report) last posted its quarterly earnings data on Wednesday, August 27th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.10. Guess? had a net margin of 1.01% and a return on equity of 16.44%. The company had revenue of $772.94 million for the quarter, compared to the consensus estimate of $758.72 million. During the same period last year, the company earned $0.42 earnings per share. The firm's revenue was up 5.5% compared to the same quarter last year. Equities research analysts predict that Guess?, Inc. will post 1.92 earnings per share for the current year.

Guess? Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Wednesday, September 10th will be issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date is Wednesday, September 10th. Guess?'s payout ratio is presently 750.00%.

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.