Guess?, Inc. (NYSE:GES) Stock Holdings Lowered by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp cut its holdings in Guess?, Inc. (NYSE:GES - Free Report) by 39.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 46,500 shares of the company's stock after selling 30,700 shares during the period. OMERS ADMINISTRATION Corp owned about 0.09% of Guess? worth $654,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. EMC Capital Management lifted 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 purchasing an additional 6,068 shares during the last quarter. Freestone Grove Partners LP bought a new stake in Guess? in the 4th quarter valued at about $171,000. Jump Financial LLC bought a new stake in Guess? in the 4th quarter valued at about $191,000. Amundi lifted its position in Guess? by 109.6% in the 4th quarter. Amundi now owns 14,291 shares of the company's stock valued at $193,000 after purchasing an additional 7,472 shares during the last quarter. Finally, Brevan Howard Capital Management LP bought a new stake in Guess? in the 4th quarter valued at about $206,000. 61.74% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. UBS Group lifted their price objective on shares of Guess? from $11.00 to $12.00 and gave the company a "neutral" rating in a research report on Thursday. Telsey Advisory Group reiterated a "market perform" rating and issued a $13.00 price objective on shares of Guess? in a research report on Friday, April 4th.

Guess? Price Performance

Shares of GES stock traded down $0.05 during midday trading on Friday, reaching $11.06. 452,384 shares of the company were exchanged, compared to its average volume of 1,229,321. Guess?, Inc. has a 12 month low of $8.48 and a 12 month high of $24.64. The company has a market cap of $574.98 million, a P/E ratio of 9.29 and a beta of 1.25. The company's 50 day moving average price is $10.97 and its two-hundred day moving average price is $12.79. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.74 and a current ratio of 1.54.

Guess? (NYSE:GES - Get Free Report) last released its quarterly earnings results on Thursday, April 3rd. The company reported $1.48 EPS for the quarter, topping 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 company had revenue of $932.25 million for the quarter, compared to the consensus estimate of $916.75 million. During the same period in the previous year, the firm earned $2.01 EPS. Guess?'s revenue was up 4.6% on a year-over-year basis. On average, sell-side analysts expect that Guess?, Inc. will post 1.92 earnings per share for the current year.

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

Guess? Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 2nd. Shareholders of record on Wednesday, April 16th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, April 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 10.85%. Guess?'s dividend payout ratio (DPR) is 187.50%.

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.