56,769 Shares in Guess?, Inc. (NYSE:GES) Purchased by Occudo Quantitative Strategies LP

Occudo Quantitative Strategies LP purchased a new stake in shares of Guess?, Inc. (NYSE:GES - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 56,769 shares of the company's stock, valued at approximately $798,000. Occudo Quantitative Strategies LP owned 0.11% of Guess? at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of GES. Wedge Capital Management L L P NC lifted its position in shares of Guess? by 8.9% in the 4th quarter. Wedge Capital Management L L P NC now owns 72,396 shares of the company's stock worth $1,018,000 after acquiring an additional 5,906 shares during the period. KBC Group NV acquired a new stake in shares of Guess? in the fourth quarter valued at approximately $2,349,000. EMC Capital Management increased its holdings in shares of Guess? by 158.0% in the fourth quarter. EMC Capital Management now owns 9,908 shares of the company's stock valued at $139,000 after purchasing an additional 6,068 shares in the last quarter. Verity Asset Management Inc. increased its holdings in shares of Guess? by 41.5% in the fourth quarter. Verity Asset Management Inc. now owns 22,972 shares of the company's stock valued at $323,000 after purchasing an additional 6,738 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Guess? by 23.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,533 shares of the company's stock valued at $280,000 after purchasing an additional 3,906 shares in the last quarter. 61.74% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

GES has been the topic of several recent research reports. Telsey Advisory Group restated a "market perform" rating and issued a $13.00 price target on shares of Guess? in a research report on Friday, April 4th. UBS Group reduced their price target on shares of Guess? from $15.00 to $12.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 11th.

Guess? Stock Performance

Guess? stock traded down $0.18 during trading hours on Monday, hitting $11.64. The company had a trading volume of 219,251 shares, compared to its average volume of 1,238,499. The firm has a market cap of $603.14 million, a PE ratio of 9.77 and a beta of 1.25. 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 one year low of $8.48 and a one year high of $26.55. The firm has a 50-day moving average of $10.92 and a 200 day moving average of $12.96.

Guess? (NYSE:GES - Get Free Report) last announced its earnings results on Thursday, April 3rd. The company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.41 by $0.07. Guess? had a net margin of 3.19% and a return on equity of 23.29%. The company had revenue of $932.25 million for the quarter, compared to analysts' expectations of $916.75 million. During the same period last year, the firm earned $2.01 earnings per share. The business's revenue for the quarter was up 4.6% on a year-over-year basis. On average, sell-side analysts expect that Guess?, Inc. will post 1.92 earnings per share for the current year.

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

Guess? Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 2nd. Shareholders of record on Wednesday, April 16th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, April 16th. This represents a $1.20 dividend on an annualized basis and a yield of 10.31%. Guess?'s dividend payout ratio (DPR) is currently 187.50%.

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.