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

Atlas Legacy Advisors LLC purchased a new stake in shares of Guess?, Inc. (NYSE:GES) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 155,829 shares of the company’s stock, valued at approximately $2,191,000. Atlas Legacy Advisors LLC owned approximately 0.30% of Guess? as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Guess? by 11.5% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,627 shares of the company’s stock worth $334,000 after purchasing an additional 1,720 shares in the last quarter. Verity Asset Management Inc. lifted its position in shares of Guess? by 14.0% during the third quarter. Verity Asset Management Inc. now owns 16,234 shares of the company’s stock worth $327,000 after purchasing an additional 1,989 shares in the last quarter. Segall Bryant & Hamill LLC lifted its position in shares of Guess? by 2.1% during the third quarter. Segall Bryant & Hamill LLC now owns 113,775 shares of the company’s stock worth $2,290,000 after purchasing an additional 2,288 shares in the last quarter. Quarry LP lifted 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 purchasing an additional 2,299 shares in the last quarter. Finally, Quantbot Technologies LP lifted its position in shares of Guess? by 4.0% during the third quarter. Quantbot Technologies LP now owns 112,139 shares of the company’s stock worth $2,257,000 after purchasing an additional 4,284 shares in the last quarter. 61.74% of the stock is owned by institutional investors and hedge funds.

Guess? Stock Down 0.0 %

Shares of NYSE:GES opened at $12.41 on Wednesday. The company has a current ratio of 1.54, a quick ratio of 0.74 and a debt-to-equity ratio of 1.18. The company has a fifty day simple moving average of $13.49 and a 200 day simple moving average of $17.10. The firm has a market cap of $638.36 million, a PE ratio of 10.42 and a beta of 1.88. Guess?, Inc. has a 12-month low of $11.83 and a 12-month high of $33.50.

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

Guess? Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Wednesday, December 11th were paid 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 yield of 9.67%. Guess?’s payout ratio is 100.84%.

Analyst Ratings Changes

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