Voya Investment Management LLC Raises Stake in Guess?, Inc. $GES

Key Points

• Voya Investment Management LLC increased its stake in Guess?, Inc. by 67.3%, holding 38,642 shares valued at approximately $428,000.
• Guess? reported quarterly earnings of $0.26 per share, exceeding analysts' expectations, with a revenue of $772.94 million, marking a 5.5% increase year-over-year.
• The company has a high dividend payout ratio of 562.50% and recently paid a quarterly dividend of $0.225 per share.

Voya Investment Management LLC lifted its position in shares of Guess?, Inc. (NYSE:GES - Free Report) by 67.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,642 shares of the company's stock after purchasing an additional 15,540 shares during the period. Voya Investment Management LLC owned about 0.07% of Guess? worth $428,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Guess? during the fourth quarter worth $1,243,000. California State Teachers Retirement System lifted its stake in Guess? by 23.4% during the fourth quarter. California State Teachers Retirement System now owns 28,835 shares of the company's stock worth $405,000 after purchasing an additional 5,470 shares during the last quarter. GAMMA Investing LLC lifted its stake in Guess? by 8,899.6% during the first quarter. GAMMA Investing LLC now owns 25,649 shares of the company's stock worth $2,840,000 after purchasing an additional 25,364 shares during the last quarter. Parallel Advisors LLC lifted its stake in Guess? by 9,137.0% during the first quarter. Parallel Advisors LLC now owns 2,494 shares of the company's stock worth $28,000 after purchasing an additional 2,467 shares during the last quarter. Finally, Carolina Wealth Advisors LLC bought a new position in Guess? during the first quarter worth $5,834,000. 61.74% of the stock is currently owned by hedge funds and other institutional investors.

Guess? Stock Down 0.1%

GES opened at $16.70 on Friday. Guess?, Inc. has a fifty-two week low of $8.48 and a fifty-two week high of $20.33. The business has a 50-day moving average of $15.27 and a 200-day moving average of $12.77. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.52 and a quick ratio of 0.76. The company has a market capitalization of $869.74 million, a PE ratio of 104.38 and a beta of 1.24.

Guess? (NYSE:GES - Get Free Report) last posted its quarterly earnings results on Wednesday, August 27th. The company reported $0.26 earnings per share for the quarter, topping analysts' consensus estimates of $0.16 by $0.10. Guess? had a return on equity of 16.44% and a net margin of 1.01%.The company had revenue of $772.94 million during the quarter, compared to the consensus estimate of $758.72 million. During the same period last year, the business earned $0.42 EPS. The business's quarterly revenue was up 5.5% on a year-over-year basis. Equities research analysts forecast that Guess?, Inc. will post 1.92 EPS for the current fiscal year.

Guess? Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Wednesday, September 10th were paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date of this dividend was Wednesday, September 10th. Guess?'s dividend payout ratio (DPR) is presently 562.50%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Small Cap Consu cut Guess? from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 28th. UBS Group raised their target price on Guess? from $13.00 to $16.75 and gave the company a "neutral" rating in a research note on Thursday, August 28th. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and set a $16.75 target price on shares of Guess? in a research note on Thursday, August 28th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price 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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