UBS Group Issues Pessimistic Forecast for Guess? (NYSE:GES) Stock Price

Guess? (NYSE:GES) had its target price lowered by UBS Group from $18.00 to $16.00 in a research note issued to investors on Wednesday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Separately, Telsey Advisory Group cut their price objective on Guess? from $21.00 to $18.00 and set a “market perform” rating on the stock in a report on Wednesday. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $25.00.

Guess? Stock Performance

Shares of GES stock opened at $16.46 on Wednesday. The stock has a 50-day moving average of $18.14 and a 200-day moving average of $20.59. Guess? has a one year low of $15.24 and a one year high of $33.50. The stock has a market cap of $846.37 million, a PE ratio of 13.83 and a beta of 1.94. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.54 and a quick ratio of 0.76.

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 analysts’ consensus estimates of $0.37 by ($0.03). Guess? had a return on equity of 23.68% and a net margin of 3.19%. The firm had revenue of $738.52 million for the quarter, compared to the consensus estimate of $747.36 million. During the same period in the prior year, the business earned $0.49 earnings per share. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. As a group, sell-side analysts expect that Guess? will post 1.93 earnings per share for the current year.

Guess? Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Wednesday, December 11th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, December 11th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.29%. Guess?’s dividend payout ratio (DPR) is 100.84%.

Institutional Investors Weigh In On Guess?

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Guess? by 15.7% during the 1st quarter. Vanguard Group Inc. now owns 3,879,570 shares of the company’s stock worth $122,090,000 after purchasing an additional 525,064 shares during the last quarter. Quadrature Capital Ltd acquired a new position in shares of Guess? in the first quarter valued at $352,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Guess? by 4.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 23,315 shares of the company’s stock worth $734,000 after buying an additional 1,076 shares during the period. Comerica Bank lifted its position in Guess? by 73.8% during the first quarter. Comerica Bank now owns 21,886 shares of the company’s stock worth $689,000 after acquiring an additional 9,294 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of Guess? in the first quarter valued at approximately $717,000. Institutional investors and hedge funds own 61.74% of the company’s stock.

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.