Guess? (NYSE:GES) Reaches New 1-Year Low – Here’s What Happened

Shares of Guess?, Inc. (NYSE:GES) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $11.94 and last traded at $12.04, with a volume of 47362 shares. The stock had previously closed at $12.11.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Telsey Advisory Group decreased their price objective 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 reduced their price target 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. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Guess? currently has an average rating of “Hold” and a consensus target price of $25.00.

Guess? Trading Down 1.8 %

The firm has a market cap of $624.72 million, a price-to-earnings ratio of 10.20 and a beta of 1.88. The business has a 50 day moving average of $13.82 and a 200 day moving average of $17.41. The company has a quick ratio of 0.74, a current ratio of 1.54 and a debt-to-equity ratio of 1.18.

Guess? (NYSE:GES) last released its quarterly earnings results on Tuesday, November 26th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.03). The firm 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%. Guess?’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.49 earnings per share. On average, research analysts forecast that Guess?, Inc. will post 1.92 earnings per share for the current fiscal year.

Guess? Announces Dividend

The company also recently announced 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 was Wednesday, December 11th. This represents a $1.20 annualized dividend and a yield of 9.88%. Guess?’s payout ratio is currently 100.84%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. 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 during the last quarter. EMC Capital Management increased its stake in shares of Guess? by 158.0% during the 4th quarter. EMC Capital Management now owns 9,908 shares of the company’s stock valued at $139,000 after acquiring an additional 6,068 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Guess? during the 2nd quarter worth about $160,000. Amundi lifted its holdings in shares of Guess? by 109.6% during the 4th quarter. Amundi now owns 14,291 shares of the company’s stock worth $193,000 after acquiring an additional 7,472 shares during the period. Finally, Commonwealth Equity Services LLC acquired a new stake in shares of Guess? in the fourth quarter worth approximately $226,000. Hedge funds and other institutional investors own 61.74% of the company’s stock.

Guess? Company 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.