TCW Group Inc. Has $239,000 Stock Holdings in Guess?, Inc. (NYSE:GES)

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. lessened its position in shares of Guess?, Inc. (NYSE:GES - Free Report) by 52.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 quarter.

Several other large investors have also made changes to their positions in the company. Millennium Management LLC lifted its stake in Guess? by 160.2% in the fourth quarter. Millennium Management LLC now owns 1,159,249 shares of the company's stock valued at $16,299,000 after buying an additional 713,666 shares during the period. Carolina Wealth Advisors LLC acquired a new position in Guess? in the first quarter valued at about $5,834,000. Natixis lifted 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 buying an additional 251,300 shares during the period. Vanguard Group Inc. lifted 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 buying an additional 231,926 shares during the period. Finally, Dimensional Fund Advisors LP lifted 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 buying an additional 228,601 shares during the period. Institutional investors and hedge funds own 61.74% of the company's stock.

Analyst Ratings Changes

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

Guess? Stock Down 4.5%

Shares of NYSE 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 firm has a market capitalization of $646.09 million, a price-to-earnings ratio of -51.75 and a beta of 1.24. The company has a current ratio of 1.57, a quick ratio of 0.76 and a debt-to-equity ratio of 1.08. The business has a fifty day simple moving average of $12.31 and a 200 day simple moving average of $11.72. Guess?, Inc. has a twelve month low of $8.48 and a twelve month high of $22.88.

Guess? (NYSE:GES - Get Free Report) last released its quarterly earnings results on Thursday, June 5th. The company reported ($0.44) EPS 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 for the quarter, compared to analyst estimates of $630.61 million. During the same quarter last year, the firm posted ($0.27) earnings per share. Guess?'s revenue was up 9.4% compared to the same quarter last year. As a group, equities analysts expect that Guess?, Inc. will post 1.92 EPS for the current fiscal year.

Guess? Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 18th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 9.7%. The ex-dividend date of this dividend was Wednesday, June 18th. Guess?'s dividend payout ratio (DPR) 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.