Patriot Financial Group Insurance Agency LLC Acquires Shares of 16,350 Guess?, Inc. $GES

Key Points

• Patriot Financial Group Insurance Agency LLC has acquired 16,350 shares of Guess?, Inc. for approximately $198,000, marking a new investment in the company.
• Guess? reported earnings of $0.26 per share for the last quarter, outpacing analysts' expectations of $0.16, alongside a revenue increase of 5.5% year-over-year.
• The company announced a quarterly dividend of $0.225 per share, resulting in an annualized yield of 5.3%, although its dividend payout ratio is notably high at 562.50%.

Patriot Financial Group Insurance Agency LLC bought a new position in shares of Guess?, Inc. (NYSE:GES - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 16,350 shares of the company's stock, valued at approximately $198,000.

A number of other hedge funds have also modified their holdings of GES. Carolina Wealth Advisors LLC purchased a new stake in Guess? during the 1st quarter valued at about $5,834,000. Slotnik Capital LLC purchased a new stake in shares of Guess? in the first quarter valued at approximately $3,257,000. Allianz Asset Management GmbH increased its holdings in shares of Guess? by 38.4% in the first quarter. Allianz Asset Management GmbH now owns 644,308 shares of the company's stock valued at $7,132,000 after purchasing an additional 178,848 shares during the last quarter. AQR Capital Management LLC lifted its position in Guess? by 82.2% during the first quarter. AQR Capital Management LLC now owns 282,196 shares of the company's stock worth $3,124,000 after buying an additional 127,274 shares in the last quarter. Finally, XTX Topco Ltd purchased a new stake in Guess? in the 1st quarter valued at $1,042,000. 61.74% of the stock is currently owned by institutional investors and hedge funds.

Guess? Price Performance

Guess? stock opened at $16.85 on Monday. The company's 50 day simple moving average is $15.61 and its 200-day simple moving average is $12.97. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.76 and a current ratio of 1.52. Guess?, Inc. has a 1 year low of $8.48 and a 1 year high of $19.96. The company has a market capitalization of $877.29 million, a price-to-earnings ratio of 105.29 and a beta of 1.26.

Guess? (NYSE:GES - Get Free Report) last posted its earnings results on Wednesday, August 27th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.10. Guess? had a net margin of 1.01% and a return on equity of 16.44%. The firm had revenue of $772.94 million during the quarter, compared to the consensus estimate of $758.72 million. During the same quarter last year, the firm earned $0.42 EPS. The firm's revenue for the quarter was up 5.5% on a year-over-year basis. As a group, equities research analysts expect 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 was paid on Friday, September 26th. Investors of record on Wednesday, September 10th were paid a dividend of $0.225 per share. The ex-dividend date of this dividend was Wednesday, September 10th. This represents a $0.90 annualized dividend and a yield of 5.3%. Guess?'s dividend payout ratio is presently 562.50%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. UBS Group lifted 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. Small Cap Consu lowered shares of Guess? from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 28th. Weiss Ratings restated a "hold (c-)" rating on shares of Guess? in a report on Saturday, September 27th. Finally, Telsey Advisory Group reiterated a "market perform" rating and issued a $16.75 price objective on shares of Guess? in a report on Thursday, August 28th. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Guess? presently has a consensus 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.

Want to see what other hedge funds are holding GES? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Guess?, Inc. (NYSE:GES - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.