Bayesian Capital Management LP Makes New $1.25 Million Investment in Guess?, Inc. (NYSE:GES)

Bayesian Capital Management LP acquired a new stake in Guess?, Inc. (NYSE:GES) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 39,600 shares of the company’s stock, valued at approximately $1,246,000. Bayesian Capital Management LP owned approximately 0.07% of Guess? at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in GES. Quest Partners LLC bought a new stake in shares of Guess? in the fourth quarter valued at about $49,000. Headlands Technologies LLC bought a new position in Guess? in the first quarter worth about $60,000. Nisa Investment Advisors LLC raised its holdings in Guess? by 405.6% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,867 shares of the company’s stock worth $66,000 after purchasing an additional 2,300 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Guess? by 19.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,838 shares of the company’s stock worth $135,000 after purchasing an additional 944 shares in the last quarter. Finally, Janney Montgomery Scott LLC acquired a new position in shares of Guess? during the first quarter valued at about $208,000. 61.74% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. StockNews.com lowered Guess? from a “buy” rating to a “hold” rating in a research report on Monday, June 3rd. B. Riley restated a “buy” rating and issued a $37.00 price objective (up previously from $33.00) on shares of Guess? in a research report on Monday, April 8th. UBS Group lowered their price objective on Guess? from $32.00 to $29.00 and set a “neutral” rating on the stock in a research report on Thursday, May 23rd. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $30.00 target price on shares of Guess? in a research note on Wednesday, May 29th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $31.25.

Guess? Stock Up 1.0 %

NYSE GES opened at $23.63 on Wednesday. The business has a fifty day moving average price of $22.28 and a 200 day moving average price of $24.65. Guess?, Inc. has a one year low of $17.92 and a one year high of $33.50. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.85 and a current ratio of 1.57. The company has a market cap of $1.26 billion, a P/E ratio of 7.05 and a beta of 1.92.

Guess? (NYSE:GES) last issued its earnings results on Thursday, May 30th. The company reported ($0.27) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.13. The business had revenue of $591.90 million during the quarter, compared to the consensus estimate of $574.64 million. Guess? had a return on equity of 26.92% and a net margin of 7.97%. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period last year, the company earned ($0.07) EPS. Research analysts anticipate that Guess?, Inc. will post 2.88 EPS for the current fiscal year.

Guess? Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Wednesday, June 12th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.08%. The ex-dividend date was Wednesday, June 12th. Guess?’s dividend payout ratio is presently 35.82%.

Guess? Company 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.