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

Guess?, Inc. (NYSE:GES)’s stock price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $16.77 and last traded at $16.85, with a volume of 86314 shares trading hands. The stock had previously closed at $16.94.

Analyst Ratings Changes

Several analysts have issued reports on GES shares. Telsey Advisory Group dropped their target price on Guess? from $26.00 to $21.00 and set a “market perform” rating for the company in a report on Thursday, August 29th. UBS Group dropped their target price on Guess? from $24.00 to $22.00 and set a “neutral” rating for the company in a report on Friday, August 30th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $27.25.

Guess? Trading Down 1.1 %

The company has a 50 day moving average price of $18.69 and a 200 day moving average price of $21.39. The firm has a market cap of $861.29 million, a price-to-earnings ratio of 6.77 and a beta of 1.94. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.76 and a current ratio of 1.47.

Guess? (NYSE:GES) last posted its earnings results on Wednesday, August 28th. The company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.01). Guess? had a return on equity of 24.18% and a net margin of 6.05%. The firm had revenue of $732.60 million for the quarter, compared to analyst estimates of $729.96 million. During the same period in the previous year, the company posted $0.72 EPS. Guess?’s revenue was up 10.2% on a year-over-year basis. On average, research analysts expect that Guess?, Inc. will post 2.63 earnings per share for the current year.

Guess? Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Wednesday, September 11th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 7.16%. The ex-dividend date of this dividend was Wednesday, September 11th. Guess?’s payout ratio is 48.39%.

Hedge Funds Weigh In On Guess?

Hedge funds have recently bought and sold shares of the company. Quest Partners LLC lifted its stake in Guess? by 186.2% during the 2nd quarter. Quest Partners LLC now owns 1,305 shares of the company’s stock worth $27,000 after acquiring an additional 849 shares in the last quarter. Headlands Technologies LLC acquired a new stake in Guess? in the 1st quarter valued at about $60,000. Sanctuary Advisors LLC acquired a new stake in Guess? in the 2nd quarter valued at about $160,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Guess? by 72.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,092 shares of the company’s stock valued at $206,000 after purchasing an additional 4,254 shares in the last quarter. Finally, Janney Montgomery Scott LLC acquired a new stake in Guess? in the 1st quarter valued at about $208,000. 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.