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

Guess?, Inc. (NYSE:GES) shares hit a new 52-week low during mid-day trading on Friday . The company traded as low as $13.77 and last traded at $13.90, with a volume of 1378253 shares. The stock had previously closed at $14.35.

Analyst Upgrades and Downgrades

Several research firms recently commented on GES. UBS Group reduced their price target on shares of Guess? from $18.00 to $16.00 and set a “neutral” rating for the company in a research report on Wednesday, November 27th. Telsey Advisory Group reduced their target price on shares of Guess? from $21.00 to $18.00 and set a “market perform” rating for the company in a 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. According to data from MarketBeat, Guess? currently has a consensus rating of “Hold” and a consensus price target of $25.00.

Guess? Trading Down 3.1 %

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 stock has a market capitalization of $715.25 million, a PE ratio of 11.68 and a beta of 1.90. The business’s 50-day moving average is $16.53 and its two-hundred day moving average is $19.42.

Guess? (NYSE:GES) last issued 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 firm had revenue of $738.52 million during the quarter, compared to analysts’ expectations of $747.36 million. Guess? had a net margin of 3.19% and a return on equity of 23.29%. The firm’s revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.49 EPS. As a group, equities research analysts anticipate that Guess?, Inc. will post 1.92 earnings per share for the current year.

Guess? Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Wednesday, December 11th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 8.63%. The ex-dividend date is Wednesday, December 11th. 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 business. Quest Partners LLC lifted 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 acquiring an additional 849 shares during the period. Quarry LP increased its stake in 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 purchasing an additional 2,299 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in Guess? during the second quarter worth $160,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Guess? by 72.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,092 shares of the company’s stock worth $206,000 after purchasing an additional 4,254 shares in the last quarter. Finally, Optimist Retirement Group LLC acquired a new stake in Guess? in the second quarter valued at $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.