OMERS ADMINISTRATION Corp Reduces Holdings in Guess?, Inc. (NYSE:GES)

OMERS ADMINISTRATION Corp trimmed its stake in Guess?, Inc. (NYSE:GES) by 39.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,500 shares of the company’s stock after selling 30,700 shares during the period. OMERS ADMINISTRATION Corp owned approximately 0.09% of Guess? worth $654,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Occudo Quantitative Strategies LP purchased a new position in Guess? during the 4th quarter worth $798,000. Millennium Management LLC grew its position in Guess? by 160.2% during the 4th quarter. Millennium Management LLC now owns 1,159,249 shares of the company’s stock worth $16,299,000 after purchasing an additional 713,666 shares during the last quarter. Cresset Asset Management LLC grew its position in Guess? by 13.2% during the 4th quarter. Cresset Asset Management LLC now owns 67,055 shares of the company’s stock worth $943,000 after purchasing an additional 7,800 shares during the last quarter. Crestline Management LP grew its position in Guess? by 187.9% during the 4th quarter. Crestline Management LP now owns 99,262 shares of the company’s stock worth $1,396,000 after purchasing an additional 64,785 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in Guess? during the 4th quarter worth $897,000. 61.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Telsey Advisory Group reissued a “market perform” rating and set a $13.00 price objective on shares of Guess? in a research report on Friday, April 4th. UBS Group reduced their target price 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.

Guess? Stock Down 1.9%

GES stock opened at $11.82 on Monday. Guess?, Inc. has a one year low of $8.48 and a one year high of $26.55. The stock has a market capitalization of $612.57 million, a PE ratio of 9.93 and a beta of 1.25. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.74 and a current ratio of 1.54. The company has a fifty day moving average of $10.92 and a 200-day moving average of $12.96.

Guess? (NYSE:GES) last released 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 during the quarter, compared to analysts’ expectations of $916.75 million. During the same quarter last year, the business earned $2.01 EPS. The business’s revenue was up 4.6% on a year-over-year basis. As a group, analysts expect that Guess?, Inc. will post 1.92 EPS for the current year.

Guess? announced that its board has initiated a share repurchase plan on Tuesday, March 25th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 38.5% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are 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 issued a dividend of $0.30 per share. The ex-dividend date was Wednesday, April 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 10.15%. Guess?’s dividend payout ratio (DPR) is presently 187.50%.

About Guess?

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.