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

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

Analyst Ratings Changes

A number of research analysts have commented on GES shares. Telsey Advisory Group reduced their price objective 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. UBS Group cut their price objective on Guess? from $18.00 to $16.00 and set a “neutral” 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat, Guess? currently has an average rating of “Hold” and an average target price of $25.00.

Guess? Trading Down 1.7 %

The company has a current ratio of 1.54, a quick ratio of 0.74 and a debt-to-equity ratio of 1.18. The company has a market cap of $702.90 million, a PE ratio of 11.48 and a beta of 1.90. The business’s 50-day simple moving average is $16.43 and its 200-day simple moving average is $19.34.

Guess? (NYSE:GES) last posted its earnings results on Tuesday, November 26th. The company reported $0.34 EPS for the quarter, missing the consensus estimate 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%. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.49 earnings per share. As a group, analysts expect that Guess?, Inc. will post 1.92 EPS for the current fiscal year.

Guess? Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Wednesday, December 11th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 8.78%. The ex-dividend date of this dividend was Wednesday, December 11th. Guess?’s dividend payout ratio (DPR) is presently 100.84%.

Institutional Investors Weigh In On Guess?

Institutional investors and hedge funds have recently bought and sold shares of the business. Sanctuary Advisors LLC lifted its holdings in Guess? by 8,708.5% during the 3rd 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 last quarter. Geode Capital Management LLC increased its holdings in Guess? by 6.8% during the 3rd quarter. Geode Capital Management LLC now owns 311,496 shares of the company’s stock valued at $6,274,000 after purchasing an additional 19,750 shares in the last quarter. Quarry LP raised its position 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 during the last quarter. BNP Paribas Financial Markets boosted its stake in Guess? by 2.2% in the third quarter. BNP Paribas Financial Markets now owns 939,594 shares of the company’s stock worth $18,914,000 after purchasing an additional 20,054 shares in the last quarter. Finally, Quantbot Technologies LP increased its stake in shares of 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 buying an additional 4,284 shares in the last quarter. Institutional investors 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.