Guess?’s (GES) Market Perform Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reiterated their market perform rating on shares of Guess? (NYSE:GES) in a research report released on Friday,Benzinga reports. They currently have a $13.00 price target on the stock.

Separately, UBS Group cut their price objective on shares of Guess? from $15.00 to $12.00 and set a “neutral” rating for the company in a report on Tuesday, March 11th.

Guess? Price Performance

Shares of NYSE:GES opened at $10.91 on Friday. The company has a market capitalization of $561.14 million, a P/E ratio of 9.16 and a beta of 1.43. Guess? has a 1-year low of $9.24 and a 1-year high of $30.98. The firm’s 50 day simple moving average is $11.60 and its two-hundred day simple moving average is $14.79. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.54 and a quick ratio of 0.74.

Guess? (NYSE:GES) last issued its earnings results on Thursday, April 3rd. The company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.07. The company had revenue of $932.25 million during the quarter, compared to the consensus estimate of $916.75 million. Guess? had a net margin of 3.19% and a return on equity of 23.29%. Guess?’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.01 EPS. Research analysts expect that Guess? will post 1.92 EPS for the current fiscal year.

Guess? Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Wednesday, April 16th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 11.00%. The ex-dividend date is Wednesday, April 16th. Guess?’s payout ratio is presently 100.84%.

Guess? announced that its board has initiated a share buyback program on Tuesday, March 25th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 38.5% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Quarry LP raised its stake in Guess? by 216.9% during the third 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. EMC Capital Management raised its position in shares of Guess? by 158.0% during the 4th quarter. EMC Capital Management now owns 9,908 shares of the company’s stock valued at $139,000 after buying an additional 6,068 shares in the last quarter. Freestone Grove Partners LP bought a new position in shares of Guess? in the 4th quarter valued at about $171,000. Point72 Hong Kong Ltd purchased a new position in Guess? in the fourth quarter worth about $175,000. Finally, Jump Financial LLC bought a new stake in Guess? during the fourth quarter worth approximately $191,000. 61.74% of the stock is currently owned by institutional investors.

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.