UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Trims Stake in Guess?, Inc. (NYSE:GES)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in shares of Guess?, Inc. (NYSE:GES - Free Report) by 78.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 65,819 shares of the company's stock after selling 238,869 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.13% of Guess? worth $925,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Freestone Grove Partners LP bought a new position in shares of Guess? during the 4th quarter valued at about $171,000. Point72 Hong Kong Ltd purchased a new stake in Guess? in the fourth quarter worth approximately $175,000. Jump Financial LLC bought a new position in Guess? during the fourth quarter valued at approximately $191,000. Amundi raised its stake in shares of Guess? by 109.6% during the fourth quarter. Amundi now owns 14,291 shares of the company's stock worth $193,000 after acquiring an additional 7,472 shares in the last quarter. Finally, Brevan Howard Capital Management LP bought a new stake in shares of Guess? in the 4th quarter worth approximately $206,000. Hedge funds and other institutional investors own 61.74% of the company's stock.

Guess? Trading Down 3.7%

Guess? stock traded down $0.44 during trading hours on Friday, reaching $11.45. The company had a trading volume of 674,587 shares, compared to its average volume of 1,207,111. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.54 and a quick ratio of 0.74. The company has a 50-day moving average price of $11.04 and a 200 day moving average price of $12.23. The firm has a market cap of $595.27 million, a price-to-earnings ratio of 9.62 and a beta of 1.20. Guess?, Inc. has a 12-month low of $8.48 and a 12-month high of $24.64.

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

Guess? declared that its Board of Directors has approved a stock buyback program on Tuesday, March 25th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the company to purchase up to 38.5% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's management believes its shares are undervalued.

Guess? Announces Dividend

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

Wall Street Analysts Forecast Growth

GES has been the subject of a number of research reports. UBS Group upped their price objective on shares of Guess? from $11.00 to $12.00 and gave the company a "neutral" rating in a research note on Thursday, May 22nd. Telsey Advisory Group restated a "market perform" rating and set a $13.00 price target 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.