Guess? (NYSE:GES) Reaches New 12-Month Low – Time to Sell?

Guess?, Inc. (NYSE:GES) shares reached a new 52-week low during trading on Monday . The stock traded as low as $12.38 and last traded at $12.39, with a volume of 7337 shares traded. The stock had previously closed at $12.91.

Wall Street Analyst Weigh In

Several research firms recently commented on GES. UBS Group dropped their price target on Guess? from $18.00 to $16.00 and set a “neutral” rating for the company in a research report on Wednesday, November 27th. Telsey Advisory Group dropped their target price on Guess? from $21.00 to $18.00 and set a “market perform” rating for the company in a research 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. Based on data from MarketBeat, Guess? has a consensus rating of “Hold” and an average target price of $25.00.

Guess? Stock Up 2.7 %

The company has a market cap of $649.73 million, a P/E ratio of 10.61 and a beta of 1.88. 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 business’s 50 day moving average is $14.37 and its 200 day moving average is $17.87.

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). The business had revenue of $738.52 million for the quarter, compared to analyst estimates of $747.36 million. Guess? had a return on equity of 23.29% and a net margin of 3.19%. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.49 earnings per share. As a group, equities analysts anticipate 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. Stockholders of record on Wednesday, December 11th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 9.50%. The ex-dividend date was Wednesday, December 11th. Guess?’s payout ratio is presently 100.84%.

Institutional Investors Weigh In On Guess?

Large investors have recently made changes to their positions in the stock. Foundry Partners LLC grew its holdings in shares of Guess? by 41.7% during the third quarter. Foundry Partners LLC now owns 266,779 shares of the company’s stock valued at $5,370,000 after buying an additional 78,451 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Guess? by 4.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,215,395 shares of the company’s stock valued at $24,466,000 after buying an additional 54,990 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of Guess? by 52.9% during the third quarter. Empowered Funds LLC now owns 251,166 shares of the company’s stock valued at $5,056,000 after buying an additional 86,940 shares during the last quarter. Dynamic Technology Lab Private Ltd grew its holdings in shares of Guess? by 139.7% during the third quarter. Dynamic Technology Lab Private Ltd now owns 62,265 shares of the company’s stock valued at $1,253,000 after buying an additional 36,287 shares during the last quarter. Finally, Sanctuary Advisors LLC grew its holdings in shares of Guess? by 8,708.5% during the third quarter. Sanctuary Advisors LLC now owns 691,030 shares of the company’s stock valued at $13,910,000 after buying an additional 683,185 shares during the last quarter. 61.74% of the stock is owned by hedge funds and other institutional investors.

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.