Guess’, Inc. Announces Quarterly Dividend of $0.23 (NYSE:GES)

Guess’, Inc. (NYSE:GESGet Rating) announced a quarterly dividend on Tuesday, November 22nd, Zacks reports. Investors of record on Wednesday, December 7th will be paid a dividend of 0.225 per share on Friday, December 23rd. This represents a $0.90 dividend on an annualized basis and a yield of 4.50%. The ex-dividend date is Tuesday, December 6th.

Guess’ has decreased its dividend payment by an average of 14.5% per year over the last three years and has increased its dividend every year for the last 1 years. Guess’ has a payout ratio of 34.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Guess’ to earn $3.20 per share next year, which means the company should continue to be able to cover its $0.90 annual dividend with an expected future payout ratio of 28.1%.

Guess’ Stock Performance

NYSE:GES traded up $0.23 during trading hours on Thursday, reaching $19.98. 1,727,660 shares of the company’s stock were exchanged, compared to its average volume of 804,598. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of 10.80 and a beta of 1.89. The company has a 50-day moving average of $16.64 and a 200 day moving average of $18.04. The company has a quick ratio of 0.74, a current ratio of 1.45 and a debt-to-equity ratio of 0.90. Guess’ has a 1-year low of $14.27 and a 1-year high of $25.27.

Guess’ (NYSE:GESGet Rating) last released its earnings results on Tuesday, November 22nd. The company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.11). Guess’ had a return on equity of 27.12% and a net margin of 4.58%. The firm had revenue of $633.40 million during the quarter, compared to analyst estimates of $614.00 million. During the same quarter last year, the business posted $0.62 EPS. The firm’s revenue was down 1.5% on a year-over-year basis. Research analysts anticipate that Guess’ will post 2.63 EPS for the current year.

Insider Transactions at Guess’

In other news, Director Anthony Chidoni sold 10,000 shares of Guess’ stock in a transaction dated Monday, September 19th. The shares were sold at an average price of $16.60, for a total transaction of $166,000.00. Following the completion of the sale, the director now directly owns 199,552 shares in the company, valued at $3,312,563.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 41.00% of the company’s stock.

Institutional Investors Weigh In On Guess’

Several hedge funds have recently modified their holdings of the stock. Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Guess’ in the third quarter worth approximately $164,000. Two Sigma Advisers LP boosted its position in shares of Guess’ by 2.0% in the third quarter. Two Sigma Advisers LP now owns 419,402 shares of the company’s stock worth $6,153,000 after acquiring an additional 8,400 shares during the last quarter. UBS Asset Management Americas Inc. lifted its position in Guess’ by 1.9% during the third quarter. UBS Asset Management Americas Inc. now owns 53,288 shares of the company’s stock valued at $782,000 after buying an additional 971 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Guess’ by 17.7% during the third quarter. Price T Rowe Associates Inc. MD now owns 22,097 shares of the company’s stock valued at $325,000 after buying an additional 3,330 shares in the last quarter. Finally, Quadrature Capital Ltd acquired a new position in Guess’ during the third quarter valued at approximately $204,000. 57.68% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GES has been the subject of several recent research reports. StockNews.com initiated coverage on shares of Guess’ in a report on Wednesday, October 12th. They set a “hold” rating for the company. TheStreet downgraded shares of Guess’ from a “b-” rating to a “c” rating in a report on Tuesday.

Guess’ Company Profile

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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.

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Dividend History for Guess' (NYSE:GES)

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