Guess? (NYSE:GES) Issues Earnings Results

Guess? (NYSE:GES) posted its quarterly earnings data on Wednesday. The company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.01), Briefing.com reports. The firm had revenue of $732.60 million during the quarter, compared to analysts’ expectations of $729.96 million. Guess? had a net margin of 7.97% and a return on equity of 26.92%. Guess?’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.72 EPS.

Guess? Trading Up 1.0 %

NYSE GES opened at $20.71 on Friday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.85 and a current ratio of 1.57. The stock has a market cap of $1.11 billion, a P/E ratio of 6.18 and a beta of 1.91. The stock has a 50 day simple moving average of $21.85 and a two-hundred day simple moving average of $24.46. Guess? has a fifty-two week low of $19.58 and a fifty-two week high of $33.50.

Guess? Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Wednesday, September 11th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 5.79%. The ex-dividend date of this dividend is Wednesday, September 11th. Guess?’s payout ratio is 35.82%.

Institutional Trading of Guess?

Large investors have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. bought a new position in shares of Guess? in the 2nd quarter worth about $82,286,000. Millennium Management LLC boosted its holdings in Guess? by 2,180.2% in the second quarter. Millennium Management LLC now owns 1,370,131 shares of the company’s stock worth $27,951,000 after acquiring an additional 1,310,042 shares in the last quarter. Hennessy Advisors Inc. purchased a new stake in shares of Guess? in the fourth quarter worth $23,062,000. Vanguard Group Inc. increased its holdings in shares of Guess? by 15.7% during the first quarter. Vanguard Group Inc. now owns 3,879,570 shares of the company’s stock valued at $122,090,000 after acquiring an additional 525,064 shares in the last quarter. Finally, Bank of Montreal Can grew its position in Guess? by 75.7% during the 2nd quarter. Bank of Montreal Can now owns 914,447 shares of the company’s stock valued at $19,039,000 after purchasing an additional 394,023 shares during the last quarter. Institutional investors own 61.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Telsey Advisory Group lowered their target price on shares of Guess? from $26.00 to $21.00 and set a “market perform” rating on the stock in a report on Thursday. UBS Group cut their target price on Guess? from $24.00 to $22.00 and set a “neutral” rating for the company in a research note on Friday. Finally, StockNews.com cut Guess? from a “buy” rating to a “hold” rating in a research report on Monday, June 3rd. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $27.25.

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.