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

Guess?, Inc. (NYSE:GES)’s stock price reached a new 52-week low on Friday . The company traded as low as $16.77 and last traded at $16.85, with a volume of 86314 shares traded. The stock had previously closed at $16.94.

Wall Street Analyst Weigh In

GES has been the subject of several research reports. UBS Group decreased their price target on shares of Guess? from $24.00 to $22.00 and set a “neutral” rating for the company in a research note on Friday, August 30th. Telsey Advisory Group decreased their target price on shares of Guess? from $26.00 to $21.00 and set a “market perform” rating for the company in a research note on Thursday, August 29th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $27.25.

Guess? Trading Down 1.0 %

The stock has a market cap of $862.31 million, a PE ratio of 6.76 and a beta of 1.94. The firm has a 50-day moving average price of $18.64 and a 200-day moving average price of $21.32. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.76 and a current ratio of 1.47.

Guess? (NYSE:GES) last issued its earnings results on Wednesday, August 28th. The company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.01). Guess? had a return on equity of 24.18% and a net margin of 6.05%. The firm had revenue of $732.60 million during the quarter, compared to analysts’ expectations of $729.96 million. During the same period last year, the firm posted $0.72 earnings per share. The firm’s quarterly revenue was up 10.2% on a year-over-year basis. As a group, equities analysts anticipate that Guess?, Inc. will post 2.63 EPS for the current fiscal year.

Guess? Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Wednesday, September 11th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.16%. The ex-dividend date of this dividend was Wednesday, September 11th. Guess?’s payout ratio is 48.39%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Pacer Advisors Inc. purchased a new position in Guess? in the 2nd quarter worth about $82,286,000. Millennium Management LLC grew its stake in shares of 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 during the period. Vanguard Group Inc. grew its stake in shares of Guess? by 15.7% in the first quarter. Vanguard Group Inc. now owns 3,879,570 shares of the company’s stock worth $122,090,000 after acquiring an additional 525,064 shares during the period. Hennessy Advisors Inc. raised its holdings in shares of Guess? by 41.6% during the second quarter. Hennessy Advisors Inc. now owns 1,615,800 shares of the company’s stock valued at $32,962,000 after purchasing an additional 474,700 shares during the last quarter. Finally, Bank of Montreal Can lifted its position in Guess? by 75.7% during the second 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 period. 61.74% of the stock is owned by 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.