UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $925,000 Stock Holdings in Guess?, Inc. (NYSE:GES)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its stake in Guess?, Inc. (NYSE:GES - Free Report) by 78.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 65,819 shares of the company's stock after selling 238,869 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.13% of Guess? worth $925,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in GES. Point72 Hong Kong Ltd bought a new position in Guess? in the 4th quarter worth approximately $175,000. Occudo Quantitative Strategies LP bought a new position in Guess? in the 4th quarter worth approximately $798,000. Millennium Management LLC increased its position in Guess? by 160.2% in the 4th quarter. Millennium Management LLC now owns 1,159,249 shares of the company's stock worth $16,299,000 after buying an additional 713,666 shares during the period. Cresset Asset Management LLC increased its position in Guess? by 13.2% in the 4th quarter. Cresset Asset Management LLC now owns 67,055 shares of the company's stock worth $943,000 after buying an additional 7,800 shares during the period. Finally, Crestline Management LP increased its position in Guess? by 187.9% in the 4th quarter. Crestline Management LP now owns 99,262 shares of the company's stock worth $1,396,000 after buying an additional 64,785 shares during the period. 61.74% of the stock is owned by institutional investors.

Guess? Stock Performance

Shares of GES traded down $0.44 on Friday, reaching $11.45. 674,587 shares of the stock traded hands, compared to its average volume of 1,205,096. The firm has a market cap of $595.27 million, a price-to-earnings ratio of 9.62 and a beta of 1.20. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.54 and a quick ratio of 0.74. Guess?, Inc. has a 12 month low of $8.48 and a 12 month high of $24.64. The stock's 50-day moving average price is $11.04 and its 200-day moving average price is $12.23.

Guess? (NYSE:GES - Get Free Report) last announced its quarterly earnings results on Thursday, June 5th. The company reported ($0.44) EPS for the quarter, beating the consensus estimate of ($0.70) by $0.26. The business had revenue of $647.80 million for the quarter, compared to analyst estimates of $630.61 million. Guess? had a return on equity of 23.29% and a net margin of 3.19%. Guess?'s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.27) EPS. Equities analysts forecast that Guess?, Inc. will post 1.92 EPS for the current fiscal year.

Guess? Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 18th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 10.48%. The ex-dividend date is Wednesday, June 18th. Guess?'s dividend payout ratio is -500.00%.

Guess? announced that its Board of Directors has approved a stock buyback plan on Tuesday, March 25th that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 38.5% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its shares are undervalued.

Analyst Ratings Changes

A number of research firms have recently issued reports on GES. UBS Group boosted their price objective on Guess? from $11.00 to $12.00 and gave the company a "neutral" rating in a research report on Thursday, May 22nd. Telsey Advisory Group restated a "market perform" rating and set a $13.00 price objective on shares of Guess? in a research report on Monday, June 2nd.

Guess? 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.