AlphaCrest Capital Management LLC boosted its stake in shares of Guess’, Inc. (NYSE:GES – Get Rating) by 54.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 48,601 shares of the company’s stock after purchasing an additional 17,084 shares during the period. AlphaCrest Capital Management LLC owned about 0.07% of Guess’ worth $1,151,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in the business. Victory Capital Management Inc. increased its holdings in Guess’ by 17.2% during the fourth quarter. Victory Capital Management Inc. now owns 1,070,371 shares of the company’s stock valued at $25,346,000 after buying an additional 156,766 shares during the last quarter. Point72 Asset Management L.P. increased its stake in shares of Guess’ by 4,938.7% in the third quarter. Point72 Asset Management L.P. now owns 846,495 shares of the company’s stock worth $17,785,000 after purchasing an additional 829,695 shares in the last quarter. Kornitzer Capital Management Inc. KS increased its stake in shares of Guess’ by 0.3% in the fourth quarter. Kornitzer Capital Management Inc. KS now owns 839,951 shares of the company’s stock worth $19,890,000 after purchasing an additional 2,400 shares in the last quarter. Foundry Partners LLC purchased a new stake in shares of Guess’ in the fourth quarter worth $17,031,000. Finally, Geode Capital Management LLC increased its stake in shares of Guess’ by 1.3% in the third quarter. Geode Capital Management LLC now owns 671,115 shares of the company’s stock worth $14,100,000 after purchasing an additional 8,547 shares in the last quarter. 67.00% of the stock is owned by institutional investors and hedge funds.
GES opened at $20.90 on Friday. Guess’, Inc. has a fifty-two week low of $16.05 and a fifty-two week high of $31.12. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.00 and a current ratio of 1.57. The company has a fifty day moving average of $21.74 and a 200 day moving average of $22.21. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 8.10 and a beta of 1.91.
Guess’ declared that its board has approved a stock buyback plan on Monday, March 21st that allows the company to buyback $175.00 million in shares. This buyback authorization allows the company to reacquire up to 12.4% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 15th. Shareholders of record on Wednesday, March 30th were given a dividend of $0.225 per share. The ex-dividend date of this dividend was Tuesday, March 29th. This represents a $0.90 annualized dividend and a yield of 4.31%. Guess”s dividend payout ratio (DPR) is currently 34.88%.
A number of brokerages have recently issued reports on GES. Zacks Investment Research cut shares of Guess’ from a “buy” rating to a “hold” rating and set a $18.00 price objective for the company. in a research note on Wednesday, March 9th. TheStreet raised shares of Guess’ from a “c” rating to a “b-” rating in a research note on Wednesday, March 16th. StockNews.com raised shares of Guess’ from a “hold” rating to a “buy” rating in a research note on Monday, April 25th. Telsey Advisory Group cut their target price on shares of Guess’ from $27.00 to $23.00 and set a “market perform” rating for the company in a research note on Friday, March 11th. Finally, B. Riley cut their target price on shares of Guess’ from $38.00 to $36.00 and set a “buy” rating for the company in a research note on Thursday, March 17th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Guess’ currently has an average rating of “Buy” and a consensus price target of $25.67.
Guess’ Company Profile (Get Rating)
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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