A.R.T. Advisors LLC Acquires Shares of 17,700 Guess?, Inc. (GES)

A.R.T. Advisors LLC acquired a new position in shares of Guess?, Inc. (NYSE:GES) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 17,700 shares of the company’s stock, valued at approximately $214,000.

Other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its position in Guess? by 13.8% in the third quarter. JPMorgan Chase & Co. now owns 260,431 shares of the company’s stock worth $3,805,000 after buying an additional 31,659 shares during the period. Wells Fargo & Company MN raised its stake in shares of Guess? by 34.7% in the third quarter. Wells Fargo & Company MN now owns 855,755 shares of the company’s stock valued at $12,503,000 after buying an additional 220,373 shares during the last quarter. Dynamic Capital Management Ltd bought a new stake in shares of Guess? during the third quarter valued at about $2,066,000. Highbridge Capital Management LLC bought a new stake in shares of Guess? during the third quarter valued at about $3,470,000. Finally, Royce & Associates LP raised its stake in shares of Guess? by 27.7% in the fourth quarter. Royce & Associates LP now owns 748,400 shares of the company’s stock valued at $9,056,000 after buying an additional 162,500 shares during the last quarter. Institutional investors own 75.26% of the company’s stock.

Institutional Ownership by Quarter for Guess? (NYSE:GES)

Guess?, Inc. (NYSE:GES) opened at 11.13 on Tuesday. Guess?, Inc. has a 1-year low of $10.29 and a 1-year high of $19.45. The stock has a market capitalization of $938.94 million, a P/E ratio of 14.76 and a beta of 0.63. The firm’s 50 day moving average is $12.62 and its 200 day moving average is $13.67.

Guess? (NYSE:GES) last released its quarterly earnings results on Wednesday, March 15th. The company reported $0.41 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by $0.03. Guess? had a net margin of 2.92% and a return on equity of 4.84%. The business had revenue of $679.27 million for the quarter, compared to analysts’ expectations of $689.05 million. During the same period in the previous year, the company earned $0.57 EPS. Guess?’s revenue for the quarter was up 3.2% compared to the same quarter last year. On average, equities research analysts anticipate that Guess?, Inc. will post $0.34 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 13th. Stockholders of record on Wednesday, March 29th will be given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 8.09%. The ex-dividend date of this dividend is Monday, March 27th. Guess?’s payout ratio is currently 118.42%.

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GES has been the subject of several research analyst reports. B. Riley lowered shares of Guess? from a “buy” rating to a “neutral” rating in a research report on Friday, March 10th. Wunderlich reiterated a “buy” rating and set a $27.00 target price on shares of Guess? in a research report on Monday, November 28th. Telsey Advisory Group dropped their target price on shares of Guess? from $14.00 to $12.00 and set a “market perform” rating for the company in a research report on Thursday, March 16th. Zacks Investment Research upgraded shares of Guess? from a “sell” rating to a “hold” rating in a research report on Wednesday, February 22nd. Finally, Mizuho lowered shares of Guess? from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $14.00 to $10.00 in a research report on Thursday, March 9th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. Guess? has an average rating of “Hold” and a consensus target price of $13.98.

In other news, CEO Amigo Victor Herrero bought 2,724 shares of Guess? stock in a transaction that occurred on Tuesday, January 3rd. The stock was bought at an average cost of $12.25 per share, with a total value of $33,369.00. Following the acquisition, the chief executive officer now owns 337,427 shares of the company’s stock, valued at approximately $4,133,480.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 28.80% of the stock is owned by corporate insiders.

About Guess?

Guess?, Inc designs, markets, distributes and licenses a lifestyle collection of apparel and accessories for men, women and children. The Company operates through five segments: Americas Retail, which includes its retail and e-commerce operations in North and Central America and its retail operations in South America; Europe, which includes its wholesale, retail and e-commerce operations in Europe and the Middle East; Asia, which includes its retail, e-commerce and wholesale operations in Asia; Americas Wholesale, which includes its wholesale operations in the Americas, and Licensing, which includes licensing operations of the Company across the world.

5 Day Chart for NYSE:GES

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