Pacific Ridge Capital Partners LLC Acquires New Position in Guess?, Inc. (NYSE:GES)

Pacific Ridge Capital Partners LLC bought a new position in Guess?, Inc. (NYSE:GES) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 46,521 shares of the company’s stock, valued at approximately $515,000. Pacific Ridge Capital Partners LLC owned approximately 0.09% of Guess? as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GES. Commonwealth Equity Services LLC purchased a new stake in shares of Guess? during the 4th quarter worth about $226,000. KLP Kapitalforvaltning AS bought a new stake in shares of Guess? in the 4th quarter valued at approximately $326,000. Vanguard Group Inc. increased its holdings in Guess? by 7.6% in the fourth quarter. Vanguard Group Inc. now owns 3,274,565 shares of the company’s stock worth $46,040,000 after buying an additional 231,926 shares during the last quarter. Norges Bank bought a new position in Guess? during the fourth quarter valued at approximately $765,000. Finally, ExodusPoint Capital Management LP bought a new position in Guess? during the fourth quarter valued at approximately $1,459,000. Hedge funds and other institutional investors own 61.74% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on GES. UBS Group boosted their target price on shares of Guess? from $11.00 to $12.00 and gave the stock a “neutral” rating in a research report on Thursday, May 22nd. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $13.00 price objective on shares of Guess? in a research note on Monday, June 2nd.

Guess? Stock Performance

GES opened at $12.42 on Friday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.76 and a current ratio of 1.57. The company has a market cap of $646.09 million, a PE ratio of -51.75 and a beta of 1.24. The stock has a 50-day moving average of $12.31 and a 200-day moving average of $11.72. Guess?, Inc. has a 52-week low of $8.48 and a 52-week high of $22.88.

Guess? (NYSE:GES) last announced its earnings results on Thursday, June 5th. The company reported ($0.44) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.70) by $0.26. Guess? had a return on equity of 18.25% and a net margin of 0.47%. The firm had revenue of $647.80 million during the quarter, compared to analysts’ expectations of $630.61 million. During the same quarter in the prior year, the business earned ($0.27) earnings per share. The company’s revenue was up 9.4% on a year-over-year basis. As a group, equities research analysts forecast that Guess?, Inc. will post 1.92 earnings per share for the current fiscal year.

Guess? Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 18th were paid a $0.30 dividend. The ex-dividend date was Wednesday, June 18th. This represents a $1.20 dividend on an annualized basis and a yield of 9.7%. Guess?’s dividend payout ratio (DPR) is presently -500.00%.

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.