Slotnik Capital LLC Invests $3.26 Million in Guess?, Inc. $GES

Key Points

• Slotnik Capital LLC acquired 294,202 shares of Guess?, Inc. valued at approximately $3.26 million, making it the firm's 12th largest position.
• Guess? reported a net margin of 1.01% and a 5.5% increase in quarterly revenue compared to the previous year, with earnings per share beating expectations.
• The company announced a quarterly dividend of $0.225 per share, resulting in a significant payout ratio of 750%.

Slotnik Capital LLC acquired a new stake in shares of Guess?, Inc. (NYSE:GES - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 294,202 shares of the company's stock, valued at approximately $3,257,000. Guess? accounts for about 1.6% of Slotnik Capital LLC's investment portfolio, making the stock its 12th biggest holding. Slotnik Capital LLC owned approximately 0.57% of Guess? at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in GES. GAMMA Investing LLC raised its holdings in shares of Guess? by 713.0% during the first quarter. GAMMA Investing LLC now owns 2,317 shares of the company's stock valued at $26,000 after acquiring an additional 2,032 shares in the last quarter. Parallel Advisors LLC raised its holdings in shares of Guess? by 9,137.0% during the first quarter. Parallel Advisors LLC now owns 2,494 shares of the company's stock valued at $28,000 after acquiring an additional 2,467 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its position in shares of Guess? by 507.5% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 3,900 shares of the company's stock worth $43,000 after buying an additional 3,258 shares during the period. US Bancorp DE grew its holdings in Guess? by 4,168.7% in the first quarter. US Bancorp DE now owns 4,226 shares of the company's stock worth $47,000 after purchasing an additional 4,127 shares during the period. Finally, CWM LLC increased its holdings in shares of Guess? by 3,085.0% during the first quarter. CWM LLC now owns 4,236 shares of the company's stock valued at $47,000 after acquiring an additional 4,103 shares in the last quarter. Hedge funds and other institutional investors own 61.74% of the company's stock.

Guess? Trading Down 0.4%

Shares of NYSE GES traded down $0.07 during trading hours on Friday, hitting $16.69. 517,092 shares of the company traded hands, compared to its average volume of 1,568,751. The company's 50 day moving average price is $14.52 and its 200 day moving average price is $12.32. Guess?, Inc. has a 12 month low of $8.48 and a 12 month high of $20.33. The company has a current ratio of 1.52, a quick ratio of 0.76 and a debt-to-equity ratio of 1.10. The stock has a market capitalization of $868.99 million, a price-to-earnings ratio of 104.29 and a beta of 1.24.

Guess? (NYSE:GES - Get Free Report) last posted its quarterly earnings data on Wednesday, August 27th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.10. Guess? had a return on equity of 16.44% and a net margin of 1.01%.The company had revenue of $772.94 million during the quarter, compared to analysts' expectations of $758.72 million. During the same quarter in the previous year, the business earned $0.42 EPS. Guess?'s revenue was up 5.5% compared to the same quarter last year. On average, equities research analysts anticipate that Guess?, Inc. will post 1.92 earnings per share for the current fiscal year.

Guess? Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Wednesday, September 10th will be issued a $0.225 dividend. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $0.90 dividend on an annualized basis and a yield of 5.4%. Guess?'s payout ratio is presently 562.50%.

Analyst Upgrades and Downgrades

GES has been the subject of several analyst reports. Telsey Advisory Group restated a "market perform" rating and set a $16.75 price target on shares of Guess? in a report on Thursday, August 28th. UBS Group raised their target price on Guess? from $13.00 to $16.75 and gave the stock a "neutral" rating in a research report on Thursday, August 28th. Finally, Small Cap Consu cut Guess? from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 28th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price 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.