Guess? (NYSE:GES) Trading Down 2.9% – Should You Sell?

Guess?, Inc. (NYSE:GES) shares dropped 2.9% during mid-day trading on Thursday . The stock traded as low as $13.93 and last traded at $13.93. Approximately 232,800 shares changed hands during trading, a decline of 79% from the average daily volume of 1,122,388 shares. The stock had previously closed at $14.35.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Telsey Advisory Group reduced 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 note on Wednesday, November 27th. UBS Group decreased their target price on shares of Guess? from $18.00 to $16.00 and set a “neutral” rating for the company in a research note 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. According to MarketBeat.com, Guess? currently has a consensus rating of “Hold” and a consensus target price of $25.00.

Guess? Stock Performance

The business’s fifty day moving average is $16.65 and its 200-day moving average is $19.46. 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 company has a market cap of $715.25 million, a PE ratio of 11.68 and a beta of 1.90.

Guess? (NYSE:GES) last issued 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). The business had revenue of $738.52 million for the quarter, compared to analysts’ expectations of $747.36 million. Guess? had a return on equity of 23.29% and a net margin of 3.19%. The company’s revenue was up 13.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.49 EPS. As a group, research analysts predict that Guess?, Inc. will post 1.92 EPS for the current fiscal year.

Guess? Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Wednesday, December 11th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 8.63%. The ex-dividend date is Wednesday, December 11th. Guess?’s payout ratio is 100.84%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Sanctuary Advisors LLC lifted its holdings in Guess? by 8,708.5% in the 3rd 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. Geode Capital Management LLC raised its holdings in Guess? by 6.8% during the 3rd quarter. Geode Capital Management LLC now owns 311,496 shares of the company’s stock valued at $6,274,000 after buying an additional 19,750 shares during the period. Quarry LP lifted its holdings in shares of Guess? by 216.9% in the 3rd quarter. Quarry LP now owns 3,359 shares of the company’s stock worth $68,000 after acquiring an additional 2,299 shares during the last quarter. BNP Paribas Financial Markets boosted its position in shares of Guess? by 2.2% during the third quarter. BNP Paribas Financial Markets now owns 939,594 shares of the company’s stock valued at $18,914,000 after buying an additional 20,054 shares during the period. Finally, Quantbot Technologies LP grew its stake in shares of Guess? by 4.0% during the third quarter. Quantbot Technologies LP now owns 112,139 shares of the company’s stock valued at $2,257,000 after buying an additional 4,284 shares during the last quarter. 61.74% of the stock is owned by hedge funds and other institutional investors.

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.