Guess? (NYSE:GES) Sets New 12-Month Low – Here’s Why

Guess?, Inc. (NYSE:GES)’s share price hit a new 52-week low during trading on Wednesday . The company traded as low as $15.15 and last traded at $15.16, with a volume of 228262 shares. The stock had previously closed at $15.33.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on GES. UBS Group lowered their price target on shares of Guess? from $18.00 to $16.00 and set a “neutral” rating on the stock in a report on Wednesday, November 27th. Telsey Advisory Group decreased their target price on shares of Guess? from $21.00 to $18.00 and set a “market perform” rating for the company in a research report on Wednesday, November 27th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Guess? has a consensus rating of “Hold” and a consensus price target of $25.00.

Guess? Price Performance

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 firm has a market cap of $788.84 million, a PE ratio of 12.88 and a beta of 1.89. The stock has a 50 day moving average price of $17.55 and a two-hundred day moving average price of $20.05.

Guess? (NYSE:GES) last released its 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 company 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 firm’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.49 EPS. As a group, equities analysts expect that Guess?, Inc. will post 1.92 earnings per share for the current year.

Guess? Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Wednesday, December 11th will be paid 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 yield of 7.83%. Guess?’s dividend payout ratio (DPR) is 100.84%.

Institutional Investors Weigh In On Guess?

A number of institutional investors and hedge funds have recently modified their holdings of the company. Quest Partners LLC lifted its position in Guess? by 186.2% during the second quarter. Quest Partners LLC now owns 1,305 shares of the company’s stock valued at $27,000 after purchasing an additional 849 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 valued at $68,000 after buying an additional 2,299 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of Guess? in the 2nd quarter valued at about $160,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Guess? by 72.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,092 shares of the company’s stock worth $206,000 after buying an additional 4,254 shares during the last quarter. Finally, Optimist Retirement Group LLC acquired a new stake in Guess? during the second quarter worth about $212,000. Institutional investors and hedge funds 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.