OMERS ADMINISTRATION Corp Decreases Stock Position in Guess?, Inc. (NYSE:GES)

OMERS ADMINISTRATION Corp trimmed its position in Guess?, Inc. (NYSE:GES - Free Report) by 39.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 46,500 shares of the company's stock after selling 30,700 shares during the quarter. OMERS ADMINISTRATION Corp owned 0.09% of Guess? worth $654,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in GES. Comerica Bank raised its holdings 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 acquiring an additional 1,852 shares in the last quarter. Algert Global LLC increased its position in Guess? by 2.8% during the 4th quarter. Algert Global LLC now owns 89,903 shares of the company's stock valued at $1,264,000 after purchasing an additional 2,435 shares during the period. AlphaQuest LLC raised its holdings in shares of 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 purchasing an additional 3,070 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Guess? by 23.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,533 shares of the company's stock valued at $280,000 after purchasing an additional 3,906 shares in the last quarter. Finally, Wedge Capital Management L L P NC lifted its position in shares of Guess? by 8.9% in the 4th quarter. Wedge Capital Management L L P NC now owns 72,396 shares of the company's stock worth $1,018,000 after purchasing an additional 5,906 shares during the period. Institutional investors own 61.74% of the company's stock.

Guess? Stock Up 0.5%

GES traded up $0.06 on Thursday, hitting $11.11. The company had a trading volume of 592,006 shares, compared to its average volume of 1,232,344. The stock has a market capitalization of $575.92 million, a price-to-earnings ratio of 9.34 and a beta of 1.25. 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 stock has a fifty day moving average price of $11.03 and a 200-day moving average price of $12.90. Guess?, Inc. has a 12-month low of $8.48 and a 12-month high of $25.31.

Guess? (NYSE:GES - Get Free Report) last released its quarterly earnings results on Thursday, April 3rd. The company reported $1.48 earnings per share 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 EPS. The company's revenue was up 4.6% compared to the same quarter last year. Analysts predict that Guess?, Inc. will post 1.92 EPS for the current fiscal year.

Guess? Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 2nd. Shareholders of record on Wednesday, April 16th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 10.80%. The ex-dividend date of this dividend was Wednesday, April 16th. Guess?'s dividend payout ratio is currently 187.50%.

Guess? announced that its Board of Directors has approved a stock repurchase plan on Tuesday, March 25th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the company to buy up to 38.5% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its stock is undervalued.

Analysts Set New Price Targets

Several brokerages recently issued reports on GES. Telsey Advisory Group reissued a "market perform" rating and set a $13.00 price objective on shares of Guess? in a report on Friday, April 4th. UBS Group upped their target price on Guess? from $11.00 to $12.00 and gave the stock a "neutral" rating in a report on Thursday.

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.