Guess?, Inc. (NYSE:GES) Shares Sold by TCW Group Inc.

Key Points

• TCW Group Inc. reduced its stake in Guess?, Inc. by 52.3%, selling 23,691 shares and holding 21,626 shares valued at approximately $239,000 as of the latest SEC filing.
• Guess? reported a quarterly EPS of ($0.44), outperforming analyst expectations of ($0.70), with a revenue increase of 9.4% year-over-year.
• The company announced a quarterly dividend of $0.30 per share, yielding 9.05%, despite a significant dividend payout ratio of -500.00%.

TCW Group Inc. reduced its stake in Guess?, Inc. (NYSE:GES - Free Report) by 52.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 21,626 shares of the company's stock after selling 23,691 shares during the quarter. TCW Group Inc.'s holdings in Guess? were worth $239,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of GES. Commonwealth Equity Services LLC purchased a new stake in shares of Guess? in the fourth quarter valued at approximately $226,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Guess? in the fourth quarter valued at approximately $326,000. Vanguard Group Inc. boosted its stake in shares of 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 buying an additional 231,926 shares in the last quarter. Norges Bank purchased a new stake in Guess? during the fourth quarter worth $765,000. Finally, ExodusPoint Capital Management LP purchased a new stake in Guess? during the fourth quarter worth $1,459,000. 61.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GES has been the topic of a number of research analyst reports. Telsey Advisory Group reiterated a "market perform" rating and set a $13.00 target price on shares of Guess? in a research report on Monday, June 2nd. UBS Group boosted their target price on Guess? from $11.00 to $12.00 and gave the stock a "neutral" rating in a research report on Thursday, May 22nd.

Guess? Price Performance

Shares of NYSE GES traded down $0.32 during trading on Wednesday, reaching $12.93. The company had a trading volume of 678,105 shares, compared to its average volume of 569,440. Guess?, Inc. has a twelve month low of $8.48 and a twelve month high of $24.33. The stock has a market capitalization of $672.62 million, a PE ratio of -53.87 and a beta of 1.23. The stock has a 50-day moving average price of $12.21 and a two-hundred day moving average price of $11.72. The company has a current ratio of 1.57, a quick ratio of 0.76 and a debt-to-equity ratio of 1.08.

Guess? (NYSE:GES - Get Free Report) last released its quarterly earnings results on Thursday, June 5th. The company reported ($0.44) earnings per share for the quarter, topping analysts' consensus estimates of ($0.70) by $0.26. Guess? had a return on equity of 18.25% and a net margin of 0.47%. The company had revenue of $647.80 million during the quarter, compared to analysts' expectations of $630.61 million. During the same period in the previous year, the firm posted ($0.27) earnings per share. The business's revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, sell-side analysts predict that Guess?, Inc. will post 1.92 earnings per share for the current year.

Guess? Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 18th were paid a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $1.20 annualized dividend and a yield of 9.28%. Guess?'s payout ratio is currently -500.00%.

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.