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

Occudo Quantitative Strategies LP purchased a new stake in Guess?, Inc. (NYSE:GES) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 56,769 shares of the company’s stock, valued at approximately $798,000.

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

Wall Street Analyst Weigh In

GES has been the topic of a number of research analyst reports. Telsey Advisory Group reiterated a “market perform” rating and set a $13.00 target price on shares of Guess? in a research report on Friday, April 4th. UBS Group dropped their price target on Guess? from $15.00 to $12.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 11th.

Guess? Trading Up 0.9%

NYSE:GES opened at $12.15 on Wednesday. Guess?, Inc. has a 52-week low of $8.48 and a 52-week high of $27.41. The company has a quick ratio of 0.74, a current ratio of 1.54 and a debt-to-equity ratio of 1.18. The stock has a fifty day simple moving average of $10.85 and a 200-day simple moving average of $13.11. The company has a market capitalization of $629.83 million, a PE ratio of 10.21 and a beta of 1.25.

Guess? (NYSE:GES) last posted its quarterly earnings data on Thursday, April 3rd. The company reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.07. The business had revenue of $932.25 million for the quarter, compared to analyst estimates of $916.75 million. Guess? had a return on equity of 23.29% and a net margin of 3.19%. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter last year, the company earned $2.01 earnings per share. On average, equities research analysts expect that Guess?, Inc. will post 1.92 earnings per share for the current fiscal year.

Guess? announced that its board has initiated a share buyback program on Tuesday, March 25th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the company to buy up to 38.5% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

Guess? Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 2nd. Shareholders of record on Wednesday, April 16th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 9.88%. The ex-dividend date of this dividend was Wednesday, April 16th. Guess?’s dividend payout ratio 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.