OMERS ADMINISTRATION Corp Lowers Stake in Guess?, Inc. $GES

Key Points

• OMERS ADMINISTRATION Corp has significantly reduced its stake in Guess?, Inc. by 62.4%, selling 29,000 shares and leaving it with 17,500 shares valued at $194,000.
• Guarantee? announced a quarterly dividend of $0.225, resulting in an annualized yield of 5.3%, despite an unusually high payout ratio of 750%.
• The company's stock performance showed a recent opening price of $16.87 and a notable 1-year revenue increase of 5.5%, surpassing analysts' expectations for earnings and revenue.

OMERS ADMINISTRATION Corp reduced its holdings in shares of Guess?, Inc. (NYSE:GES - Free Report) by 62.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,500 shares of the company's stock after selling 29,000 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Guess? were worth $194,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Comerica Bank boosted 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 worth $449,000 after acquiring an additional 1,852 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Guess? by 713.0% in the first quarter. GAMMA Investing LLC now owns 2,317 shares of the company's stock worth $26,000 after acquiring an additional 2,032 shares during the period. Algert Global LLC boosted its holdings in shares of Guess? by 2.8% in the fourth quarter. Algert Global LLC now owns 89,903 shares of the company's stock worth $1,264,000 after acquiring an additional 2,435 shares during the period. Parallel Advisors LLC boosted its holdings in shares of Guess? by 9,137.0% in the first quarter. Parallel Advisors LLC now owns 2,494 shares of the company's stock worth $28,000 after acquiring an additional 2,467 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Guess? by 507.5% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 3,900 shares of the company's stock worth $43,000 after acquiring an additional 3,258 shares during the period. 61.74% of the stock is owned by institutional investors.

Guess? Price Performance

NYSE GES traded down $0.25 on Wednesday, hitting $16.66. The stock had a trading volume of 859,433 shares, compared to its average volume of 1,540,154. Guess?, Inc. has a 52-week low of $8.48 and a 52-week high of $20.33. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.76 and a current ratio of 1.52. The company has a market capitalization of $867.39 million, a price-to-earnings ratio of 104.10 and a beta of 1.24. The firm has a 50-day moving average of $14.37 and a 200-day moving average of $12.24.

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

Guess? Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Wednesday, September 10th will be given a dividend of $0.225 per share. The ex-dividend date is Wednesday, September 10th. This represents a $0.90 annualized dividend and a dividend yield of 5.4%. Guess?'s dividend payout ratio (DPR) is 750.00%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on GES. UBS Group raised their price target on Guess? from $13.00 to $16.75 and gave the stock a "neutral" rating in a report on Thursday, August 28th. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $16.75 price target on shares of Guess? in a report on Thursday, August 28th. Finally, Small Cap Consu cut shares of Guess? from a "strong-buy" rating to a "hold" 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.com, the company has an average rating of "Hold" and a consensus price target of $16.75.

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.