Guess? (NYSE:GES) Sets New 1-Year Low – Here’s Why

Guess?, Inc. (NYSE:GES) shares reached a new 52-week low on Tuesday . The stock traded as low as $12.90 and last traded at $13.06, with a volume of 1196106 shares traded. The stock had previously closed at $13.55.

Analyst Ratings Changes

GES has been the topic of several research analyst reports. UBS Group lowered their price objective on 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 lowered their price target on Guess? from $21.00 to $18.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 27th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Guess? presently has an average rating of “Hold” and an average target price of $25.00.

Guess? Price Performance

The firm has a market capitalization of $672.03 million, a PE ratio of 10.97 and a beta of 1.90. The stock’s 50 day simple moving average is $15.58 and its two-hundred day simple moving average is $18.77. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.74 and a current ratio of 1.54.

Guess? (NYSE:GES) last announced its quarterly earnings data on Tuesday, November 26th. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates 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 business’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.49 EPS. On average, sell-side analysts forecast that Guess?, Inc. will post 1.92 EPS for the current year.

Guess? Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Wednesday, December 11th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 9.19%. The ex-dividend date was Wednesday, December 11th. Guess?’s payout ratio is currently 100.84%.

Hedge Funds Weigh In On Guess?

Institutional investors and hedge funds have recently bought and sold shares of the company. Quest Partners LLC raised its position in shares of Guess? by 186.2% during the 2nd quarter. Quest Partners LLC now owns 1,305 shares of the company’s stock valued at $27,000 after buying an additional 849 shares during the period. Quarry LP increased its stake in Guess? by 216.9% during the third 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. Sanctuary Advisors LLC purchased a new stake in Guess? in the second quarter valued at $160,000. Optimist Retirement Group LLC acquired a new position in shares of Guess? in the 2nd quarter valued at $212,000. Finally, Verity Asset Management Inc. grew its holdings in shares of Guess? by 14.0% during the 3rd quarter. Verity Asset Management Inc. now owns 16,234 shares of the company’s stock worth $327,000 after purchasing an additional 1,989 shares during the period. 61.74% of the stock is currently owned by institutional investors and hedge funds.

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.