Guess?, Inc. (NYSE:GES) Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Guess?, Inc. (NYSE:GES) by 23.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Quarry LP increased its position in Guess? by 216.9% during the 3rd quarter. Quarry LP now owns 3,359 shares of the company’s stock worth $68,000 after purchasing an additional 2,299 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in Guess? during the second quarter worth about $160,000. EMC Capital Management increased its position in Guess? by 158.0% during the 4th quarter. EMC Capital Management now owns 9,908 shares of the company’s stock worth $139,000 after purchasing an additional 6,068 shares in the last quarter. Verity Asset Management Inc. raised its stake 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 acquiring an additional 1,989 shares during the period. Finally, Quest Partners LLC raised its position in Guess? by 1,235.5% in the third quarter. Quest Partners LLC now owns 17,428 shares of the company’s stock valued at $351,000 after purchasing an additional 16,123 shares during the period. 61.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Guess? Stock Performance

Shares of GES opened at $12.32 on Friday. 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 stock has a market cap of $633.94 million, a price-to-earnings ratio of 10.35 and a beta of 1.88. Guess?, Inc. has a one year low of $11.83 and a one year high of $33.50. The company has a 50-day moving average of $13.72 and a two-hundred day moving average of $17.37.

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

Guess? Dividend Announcement

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

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.