LSV Asset Management Boosts Stock Holdings in Guess?, Inc. (NYSE:GES)

LSV Asset Management grew its stake in shares of Guess?, Inc. (NYSE:GES - Free Report) by 5.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,447,889 shares of the company's stock after buying an additional 69,500 shares during the quarter. LSV Asset Management owned approximately 2.70% of Guess? worth $33,388,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Allspring Global Investments Holdings LLC increased its holdings in Guess? by 266.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,810 shares of the company's stock worth $39,000 after purchasing an additional 1,316 shares in the last quarter. Nisa Investment Advisors LLC increased its position in Guess? by 405.6% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,867 shares of the company's stock valued at $66,000 after acquiring an additional 2,300 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Guess? by 19.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,838 shares of the company's stock valued at $135,000 after acquiring an additional 944 shares during the last quarter. EMC Capital Management grew its stake in shares of Guess? by 13.5% in the third quarter. EMC Capital Management now owns 9,005 shares of the company's stock worth $195,000 after purchasing an additional 1,070 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new stake in Guess? in the third quarter valued at approximately $201,000. 61.74% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Guess?

In other Guess? news, CEO Carlos Alberini sold 138,203 shares of Guess? stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $30.53, for a total value of $4,219,337.59. Following the sale, the chief executive officer now owns 1,131,575 shares of the company's stock, valued at $34,546,984.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 30.30% of the company's stock.

Guess? Stock Up 1.8 %

Shares of Guess? stock traded up $0.47 on Monday, hitting $27.18. The company had a trading volume of 714,019 shares, compared to its average volume of 1,174,091. The stock has a 50 day moving average of $27.41 and a 200-day moving average of $24.49. Guess?, Inc. has a 1 year low of $17.21 and a 1 year high of $33.50. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 9.37 and a beta of 1.98. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.96 and a current ratio of 1.55.

Guess? (NYSE:GES - Get Free Report) last posted its earnings results on Wednesday, March 20th. The company reported $2.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.46. Guess? had a net margin of 7.14% and a return on equity of 30.02%. The firm had revenue of $891.05 million during the quarter, compared to analyst estimates of $855.54 million. During the same quarter in the prior year, the business posted $1.74 EPS. The business's revenue was up 9.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Guess?, Inc. will post 2.91 earnings per share for the current year.

Guess? declared that its board has authorized a stock repurchase program on Monday, April 1st that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the company to buy up to 14.7% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's leadership believes its shares are undervalued.

Guess? Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 3rd. Shareholders of record on Wednesday, April 17th were given a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, April 16th. This represents a $1.20 annualized dividend and a yield of 4.42%. Guess?'s dividend payout ratio is currently 41.38%.

Analyst Ratings Changes

A number of brokerages have commented on GES. UBS Group upped their price target on shares of Guess? from $26.00 to $32.00 and gave the company a "neutral" rating in a research report on Monday, March 25th. StockNews.com raised shares of Guess? from a "hold" rating to a "buy" rating in a research report on Friday, March 22nd. B. Riley reissued a "buy" rating and set a $37.00 target price (up from $33.00) on shares of Guess? in a research note on Monday, April 8th. Jefferies Financial Group lifted their price target on shares of Guess? from $24.00 to $29.00 and gave the company a "hold" rating in a research note on Thursday, March 21st. Finally, Telsey Advisory Group raised their target price on Guess? from $23.00 to $30.00 and gave the company a "market perform" rating in a research note on Thursday, March 21st. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Guess? currently has an average rating of "Hold" and an average price target of $32.00.

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.