Pacific Ridge Capital Partners LLC Buys Shares of 46,521 Guess?, Inc. (NYSE:GES)

Key Points

• Pacific Ridge Capital Partners LLC acquired 46,521 shares of Guess?, Inc., valued at approximately $515,000, during the first quarter, reflecting institutional interest in the stock.
• The stock price of Guess? has decreased by 4.5%, trading at $12.42, while the company reported a revenue increase of 9.4% year-over-year.
• Guess? recently announced a quarterly dividend of $0.30 per share, offering a significant annualized yield of 9.7%, despite a negative payout ratio.

Pacific Ridge Capital Partners LLC purchased a new position in shares of Guess?, Inc. (NYSE:GES - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 46,521 shares of the company's stock, valued at approximately $515,000. Pacific Ridge Capital Partners LLC owned approximately 0.09% of Guess? as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Millennium Management LLC increased its stake in shares of Guess? by 160.2% during the fourth quarter. Millennium Management LLC now owns 1,159,249 shares of the company's stock worth $16,299,000 after buying an additional 713,666 shares during the period. Carolina Wealth Advisors LLC purchased a new position in Guess? in the first quarter valued at approximately $5,834,000. Natixis increased its stake in Guess? by 743.5% in the fourth quarter. Natixis now owns 285,100 shares of the company's stock valued at $4,009,000 after purchasing an additional 251,300 shares during the last quarter. Vanguard Group Inc. increased its stake in Guess? by 7.6% in the fourth quarter. Vanguard Group Inc. now owns 3,274,565 shares of the company's stock valued at $46,040,000 after purchasing an additional 231,926 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Guess? by 7.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,290,336 shares of the company's stock valued at $46,261,000 after purchasing an additional 228,601 shares during the last quarter. Institutional investors and hedge funds own 61.74% of the company's stock.

Guess? Stock Performance

Shares of GES traded down $0.58 during mid-day trading on Friday, reaching $12.42. 677,424 shares of the company's stock were exchanged, compared to its average volume of 569,204. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.57 and a quick ratio of 0.76. The stock has a market capitalization of $646.09 million, a PE ratio of -51.75 and a beta of 1.24. The business's fifty day simple moving average is $12.31 and its 200-day simple moving average is $11.71. Guess?, Inc. has a 52-week low of $8.48 and a 52-week high of $22.88.

Guess? (NYSE:GES - Get Free Report) last announced its earnings results on Thursday, June 5th. The company reported ($0.44) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.70) by $0.26. The business had revenue of $647.80 million for the quarter, compared to analyst estimates of $630.61 million. Guess? had a net margin of 0.47% and a return on equity of 18.25%. The company's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period last year, the firm posted ($0.27) earnings per share. On average, equities research analysts expect that Guess?, Inc. will post 1.92 earnings per share for the current year.

Guess? Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 18th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $1.20 annualized dividend and a dividend yield of 9.7%. Guess?'s dividend payout ratio (DPR) is currently -500.00%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on GES. UBS Group increased their price target on shares of Guess? from $11.00 to $12.00 and gave the company a "neutral" rating in a research note on Thursday, May 22nd. Telsey Advisory Group reiterated a "market perform" rating and issued a $13.00 price target on shares of Guess? in a research note on Monday, June 2nd.

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.