Atlas Legacy Advisors LLC Buys Shares of 155,829 Guess?, Inc. (NYSE:GES)

Atlas Legacy Advisors LLC bought a new stake in shares of Guess?, Inc. (NYSE:GES) in the 4th quarter, HoldingsChannel reports. The fund bought 155,829 shares of the company’s stock, valued at approximately $2,191,000.

Several other institutional investors have also modified their holdings of GES. Quarry LP grew its position in shares of Guess? by 216.9% during the third quarter. Quarry LP now owns 3,359 shares of the company’s stock worth $68,000 after acquiring an additional 2,299 shares during the last quarter. EMC Capital Management grew its position in shares of Guess? by 158.0% during the fourth quarter. EMC Capital Management now owns 9,908 shares of the company’s stock worth $139,000 after acquiring an additional 6,068 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Guess? by 23.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,533 shares of the company’s stock worth $280,000 after acquiring an additional 3,906 shares during the last quarter. Verity Asset Management Inc. grew its position in shares of Guess? by 41.5% during the fourth quarter. Verity Asset Management Inc. now owns 22,972 shares of the company’s stock worth $323,000 after acquiring an additional 6,738 shares during the last quarter. Finally, Quest Partners LLC grew its position in shares of Guess? by 1,235.5% during the third quarter. Quest Partners LLC now owns 17,428 shares of the company’s stock worth $351,000 after acquiring an additional 16,123 shares during the last quarter. Institutional investors own 61.74% of the company’s stock.

Guess? Stock Performance

GES stock opened at $12.41 on Wednesday. Guess?, Inc. has a fifty-two week low of $11.83 and a fifty-two week high of $33.50. The company has a quick ratio of 0.74, a current ratio of 1.54 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $638.36 million, a P/E ratio of 10.42 and a beta of 1.88. The company has a 50-day simple moving average of $13.49 and a 200 day simple moving average of $17.10.

Guess? (NYSE:GES) last issued its quarterly earnings results on Tuesday, November 26th. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.03). Guess? had a net margin of 3.19% and a return on equity of 23.29%. The business had revenue of $738.52 million during the quarter, compared to analyst estimates of $747.36 million. During the same period in the previous year, the company posted $0.49 earnings per share. Guess?’s revenue was up 13.4% compared to the same quarter last year. Sell-side analysts predict that Guess?, Inc. will post 1.92 earnings per share for the current fiscal year.

Guess? Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Wednesday, December 11th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 9.67%. The ex-dividend date was Wednesday, December 11th. Guess?’s payout ratio is 100.84%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on GES shares. UBS Group reduced their price objective on shares of Guess? from $18.00 to $16.00 and set a “neutral” rating for the company in a report on Wednesday, November 27th. Telsey Advisory Group reduced their price objective on shares of Guess? from $21.00 to $18.00 and set a “market perform” rating for the company in a report on Wednesday, November 27th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $25.00.

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.