Guess? (NYSE:GES) Sets New 1-Year Low – Should You Sell?

Guess?, Inc. (NYSE:GES) shares hit a new 52-week low during trading on Wednesday . The company traded as low as $13.29 and last traded at $13.32, with a volume of 77592 shares traded. The stock had previously closed at $13.79.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on GES shares. UBS Group cut 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 reduced their price target on 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 research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $25.00.

Guess? Stock Up 0.9 %

The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.74 and a current ratio of 1.54. The business’s 50 day moving average is $15.73 and its 200-day moving average is $18.90. The stock has a market cap of $701.87 million, a price-to-earnings ratio of 11.46 and a beta of 1.90.

Guess? (NYSE:GES) last released its earnings results on Tuesday, November 26th. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.03). Guess? had a return on equity of 23.29% and a net margin of 3.19%. The company had revenue of $738.52 million for the quarter, compared to analysts’ expectations of $747.36 million. During the same period in the prior year, the firm earned $0.49 EPS. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. On average, sell-side analysts predict that Guess?, Inc. will post 1.92 EPS for the current fiscal 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 paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 8.80%. The ex-dividend date was Wednesday, December 11th. Guess?’s dividend payout ratio is currently 100.84%.

Institutional Trading of Guess?

A number of hedge funds have recently bought and sold shares of the business. Sanctuary Advisors LLC grew its holdings in shares of Guess? by 8,708.5% in the third quarter. Sanctuary Advisors LLC now owns 691,030 shares of the company’s stock valued at $13,910,000 after purchasing an additional 683,185 shares during the period. Geode Capital Management LLC grew its stake in shares of Guess? by 6.8% in 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 raised its position in shares of Guess? by 216.9% during 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. BNP Paribas Financial Markets raised its position in shares of Guess? by 2.2% during the 3rd 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 lifted its holdings in Guess? by 4.0% in the third quarter. Quantbot Technologies LP now owns 112,139 shares of the company’s stock valued at $2,257,000 after acquiring an additional 4,284 shares during the last quarter. 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.