Guess? (NYSE:GES) Shares Down 4.4% – Here’s Why

Guess?, Inc. (NYSE:GES)’s stock price dropped 4.4% during mid-day trading on Thursday . The company traded as low as $12.76 and last traded at $12.76. Approximately 365,951 shares traded hands during mid-day trading, a decline of 67% from the average daily volume of 1,121,676 shares. The stock had previously closed at $13.35.

Analyst Upgrades and Downgrades

GES has been the topic of a number of recent analyst reports. UBS Group decreased their price objective on shares of Guess? from $18.00 to $16.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 27th. Telsey Advisory Group decreased their target price on shares of 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 investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $25.00.

Guess? Trading Up 1.3 %

The business’s 50 day simple moving average is $15.23 and its two-hundred day simple moving average is $18.59. The stock has a market cap of $648.60 million, a P/E ratio of 10.59 and a beta of 1.90. The company has a quick ratio of 0.74, a current ratio of 1.54 and a debt-to-equity ratio of 1.18.

Guess? (NYSE:GES) last issued its quarterly 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). The business had revenue of $738.52 million for the quarter, compared to analyst estimates of $747.36 million. Guess? had a return on equity of 23.29% and a net margin of 3.19%. Guess?’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.49 EPS. As a group, analysts expect that Guess?, Inc. will post 1.92 EPS for the current year.

Guess? Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Wednesday, December 11th were issued a $0.30 dividend. The ex-dividend date was Wednesday, December 11th. This represents a $1.20 annualized dividend and a yield of 9.52%. Guess?’s payout ratio is 100.84%.

Hedge Funds Weigh In On Guess?

Institutional investors have recently made changes to their positions in the stock. Quest Partners LLC raised its holdings in shares of Guess? by 186.2% during the second quarter. Quest Partners LLC now owns 1,305 shares of the company’s stock valued at $27,000 after purchasing an additional 849 shares during the period. Quarry LP raised its holdings in shares of 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 during the period. Sanctuary Advisors LLC acquired a new position in shares of Guess? during the second quarter valued at about $160,000. Verity Asset Management Inc. increased its position in shares of Guess? by 14.0% during the third quarter. Verity Asset Management Inc. now owns 16,234 shares of the company’s stock worth $327,000 after acquiring an additional 1,989 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of Guess? by 11.5% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,627 shares of the company’s stock worth $334,000 after acquiring an additional 1,720 shares in 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.