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

Guess?, Inc. (NYSE:GES) shares hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $14.81 and last traded at $14.82, with a volume of 58465 shares changing hands. The stock had previously closed at $14.99.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on GES. UBS Group reduced their price objective 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 reduced their price target on shares of Guess? from $21.00 to $18.00 and set a “market perform” 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 given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $25.00.

Guess? Stock Up 1.1 %

The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.74 and a current ratio of 1.54. The firm has a market capitalization of $733.26 million, a PE ratio of 11.97 and a beta of 1.89. The company has a fifty day moving average price of $17.16 and a 200-day moving average price of $19.78.

Guess? (NYSE:GES) last announced its quarterly 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 business had revenue of $738.52 million during the quarter, compared to the consensus estimate of $747.36 million. During the same quarter in the prior year, the firm posted $0.49 EPS. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. As a group, analysts expect that Guess?, Inc. will post 1.92 earnings per share for the current year.

Guess? Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Wednesday, December 11th will be given a $0.30 dividend. The ex-dividend date is Wednesday, December 11th. This represents a $1.20 annualized dividend and a yield of 8.42%. Guess?’s dividend payout ratio is currently 100.84%.

Institutional Trading of Guess?

Several hedge funds and other institutional investors have recently bought and sold shares of GES. Foundry Partners LLC raised its position in Guess? by 41.7% in the 3rd quarter. Foundry Partners LLC now owns 266,779 shares of the company’s stock worth $5,370,000 after purchasing an additional 78,451 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Guess? by 4.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,215,395 shares of the company’s stock worth $24,466,000 after buying an additional 54,990 shares during the period. WINTON GROUP Ltd lifted its stake in shares of Guess? by 423.1% during the 2nd quarter. WINTON GROUP Ltd now owns 191,982 shares of the company’s stock worth $3,916,000 after acquiring an additional 155,281 shares during the last quarter. Empowered Funds LLC boosted its holdings in Guess? by 52.9% during the 3rd quarter. Empowered Funds LLC now owns 251,166 shares of the company’s stock valued at $5,056,000 after acquiring an additional 86,940 shares during the period. Finally, Dynamic Technology Lab Private Ltd grew its position in Guess? by 139.7% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 62,265 shares of the company’s stock valued at $1,253,000 after acquiring an additional 36,287 shares during the last quarter. 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.