Bridgeway Capital Management LLC Acquires 12,795 Shares of Guess?, Inc. (NYSE:GES)

Bridgeway Capital Management LLC grew its holdings in shares of Guess?, Inc. (NYSE:GES) by 2.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 488,961 shares of the company’s stock after acquiring an additional 12,795 shares during the quarter. Bridgeway Capital Management LLC’s holdings in Guess? were worth $6,875,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. EMC Capital Management lifted its stake in shares of Guess? by 158.0% in the 4th 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 during the last quarter. Freestone Grove Partners LP purchased a new stake in Guess? during the 4th quarter valued at $171,000. Jump Financial LLC bought a new stake in Guess? in the fourth quarter worth $191,000. Amundi boosted its stake in Guess? by 109.6% during the fourth quarter. Amundi now owns 14,291 shares of the company’s stock worth $193,000 after buying an additional 7,472 shares during the period. Finally, Brevan Howard Capital Management LP bought a new position in Guess? during the fourth quarter valued at $206,000. Institutional investors own 61.74% of the company’s stock.

Analyst Ratings Changes

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

Guess? Trading Down 2.6 %

NYSE GES opened at $10.66 on Wednesday. Guess?, Inc. has a 12 month low of $8.48 and a 12 month high of $27.41. The company’s 50-day moving average price is $10.69 and its 200-day moving average price is $13.33. The stock has a market cap of $552.59 million, a PE ratio of 8.96 and a beta of 1.25. The company has a current ratio of 1.54, a quick ratio of 0.74 and a debt-to-equity ratio of 1.18.

Guess? (NYSE:GES) last issued its earnings results on Thursday, April 3rd. The company reported $1.48 EPS for the quarter, topping 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 net margin of 3.19% and a return on equity of 23.29%. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period last year, the company posted $2.01 earnings per share. Equities research analysts forecast that Guess?, Inc. will post 1.92 earnings per share for the current year.

Guess? announced that its board has authorized a stock repurchase plan on Tuesday, March 25th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the company to repurchase up to 38.5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Guess? Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 2nd. Stockholders of record on Wednesday, April 16th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 11.26%. The ex-dividend date of this dividend was Wednesday, April 16th. Guess?’s payout ratio is 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.