Mirae Asset Global Investments Co. Ltd. Acquires 3,906 Shares of Guess?, Inc. (NYSE:GES)

Mirae Asset Global Investments Co. Ltd. raised its position in Guess?, Inc. (NYSE:GES) by 23.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 20,533 shares of the company’s stock after buying an additional 3,906 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Guess? were worth $280,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quarry LP increased its stake in Guess? by 216.9% in the third quarter. Quarry LP now owns 3,359 shares of the company’s stock valued at $68,000 after purchasing an additional 2,299 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of Guess? during the second quarter worth $160,000. EMC Capital Management increased its position in shares of Guess? by 158.0% in the 4th quarter. EMC Capital Management now owns 9,908 shares of the company’s stock valued at $139,000 after buying an additional 6,068 shares in the last quarter. Verity Asset Management Inc. grew its position in shares of Guess? by 14.0% in the 3rd quarter. Verity Asset Management Inc. now owns 16,234 shares of the company’s stock valued at $327,000 after purchasing an additional 1,989 shares during the period. Finally, Quest Partners LLC raised its holdings 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 period. 61.74% of the stock is owned by institutional investors.

Guess? Price Performance

Shares of NYSE:GES opened at $12.32 on Friday. Guess?, Inc. has a one year low of $11.83 and a one year high of $33.50. The firm has a 50 day simple moving average of $13.72 and a 200 day simple moving average of $17.37. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.54 and a quick ratio of 0.74. The company has a market cap of $633.94 million, a price-to-earnings ratio of 10.35 and a beta of 1.88.

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

Guess? Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Wednesday, December 11th were paid a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $1.20 annualized dividend and a yield of 9.74%. Guess?’s dividend payout ratio (DPR) is 100.84%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on GES. UBS Group lowered their price objective on shares of Guess? from $18.00 to $16.00 and set a “neutral” rating on the stock in a report on Wednesday, November 27th. Telsey Advisory Group dropped their target price on shares of Guess? from $21.00 to $18.00 and set a “market perform” rating on the stock in a report on Wednesday, November 27th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Guess? has an average rating of “Hold” and a consensus price target of $25.00.

Guess? 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.