Slotnik Capital LLC Acquires New Shares 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 purchased a new stake in Guess?, Inc. (NYSE:GES - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm purchased 294,202 shares of the company's stock, valued at approximately $3,257,000. Guess? accounts for approximately 1.6% of Slotnik Capital LLC's portfolio, making the stock its 12th largest position. Slotnik Capital LLC owned approximately 0.57% of Guess? at the end of the most recent quarter.

Several other large investors also recently modified their holdings of GES. Comerica Bank grew its holdings in shares of Guess? by 6.2% during the fourth quarter. Comerica Bank now owns 31,906 shares of the company's stock worth $449,000 after buying an additional 1,852 shares in the last quarter. GAMMA Investing LLC lifted its stake in Guess? by 713.0% in the 1st 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 boosted its position in Guess? by 9,137.0% during the 1st 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 last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Guess? by 507.5% during the 1st 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 in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of Guess? by 2.5% in the first quarter. Principal Financial Group Inc. now owns 133,997 shares of the company's stock valued at $1,483,000 after purchasing an additional 3,331 shares during the last quarter. 61.74% of the stock is currently owned by institutional investors.

Guess? Stock Performance

NYSE GES opened at $16.90 on Tuesday. The firm's fifty day moving average price is $14.21 and its two-hundred day moving average price is $12.18. Guess?, Inc. has a 1 year low of $8.48 and a 1 year high of $20.33. The firm has a market capitalization of $878.88 million, a P/E ratio of 105.60 and a beta of 1.24. The company has a current ratio of 1.52, a quick ratio of 0.76 and a debt-to-equity ratio of 1.22.

Guess? (NYSE:GES - Get Free Report) last issued its earnings results 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 net margin of 1.01% and a return on equity of 16.86%. The company had revenue of $772.94 million for the quarter, compared to analysts' expectations of $758.72 million. During the same period in the prior year, the firm earned $0.42 EPS. Guess?'s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, research analysts anticipate that Guess?, Inc. will post 1.92 EPS for the current year.

Guess? Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Wednesday, September 10th will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 5.3%. The ex-dividend date is Wednesday, September 10th. Guess?'s payout ratio is currently 750.00%.

Wall Street Analysts Forecast Growth

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

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.

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