Guess? (NYSE:GES) Hits New 52-Week Low – Here’s Why

Guess?, Inc. (NYSE:GES)’s stock price reached a new 52-week low during trading on Monday . The stock traded as low as $11.79 and last traded at $11.94, with a volume of 43424 shares traded. The stock had previously closed at $11.90.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on GES shares. UBS Group lowered their price objective on Guess? from $18.00 to $16.00 and set a “neutral” rating for the company in a research note on Wednesday, November 27th. Telsey Advisory Group decreased 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 report on Wednesday, November 27th. Four 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.com, the company presently has an average rating of “Hold” and an average target price of $25.00.

Guess? Price Performance

The business’s fifty day moving average is $13.11 and its 200 day moving average is $16.66. The firm has a market capitalization of $568.86 million, a P/E ratio of 9.29 and a beta of 1.88. The company has a current ratio of 1.54, a quick ratio of 0.74 and a debt-to-equity ratio of 1.18.

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

Institutional Trading of Guess?

A number of hedge funds have recently modified their holdings of GES. Millennium Management LLC boosted its position in Guess? by 160.2% during the 4th quarter. Millennium Management LLC now owns 1,159,249 shares of the company’s stock worth $16,299,000 after acquiring an additional 713,666 shares during the period. Sanctuary Advisors LLC lifted its position in shares of Guess? by 8,708.5% in the third quarter. Sanctuary Advisors LLC now owns 691,030 shares of the company’s stock worth $13,910,000 after purchasing an additional 683,185 shares in the last quarter. Natixis boosted its holdings in shares of Guess? by 743.5% during the fourth quarter. Natixis now owns 285,100 shares of the company’s stock worth $4,009,000 after purchasing an additional 251,300 shares during the period. Vanguard Group Inc. grew its position in Guess? by 7.6% during the fourth quarter. Vanguard Group Inc. now owns 3,274,565 shares of the company’s stock valued at $46,040,000 after purchasing an additional 231,926 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Guess? by 7.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,290,336 shares of the company’s stock valued at $46,261,000 after buying an additional 228,601 shares during the period. Hedge funds and other institutional investors own 61.74% of the company’s stock.

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.