Guess? (NYSE:GES) Hits New 52-Week Low After Earnings Miss

Shares of Guess?, Inc. (NYSE:GES) hit a new 52-week low during mid-day trading on Wednesday following a dissappointing earnings announcement. The company traded as low as $15.28 and last traded at $15.28, with a volume of 67902 shares traded. The stock had previously closed at $17.33.

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 6.05% and a return on equity of 24.18%. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.49 earnings per share.

Guess? Dividend Announcement

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 given a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, December 11th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.32%. Guess?’s dividend payout ratio (DPR) is presently 48.39%.

Wall Street Analyst Weigh In

GES has been the topic of a number of research reports. Telsey Advisory Group lowered their price target on Guess? from $21.00 to $18.00 and set a “market perform” rating on the stock in a report on Wednesday. UBS Group lowered their target price on Guess? from $18.00 to $16.00 and set a “neutral” rating on the stock in a research note on Wednesday. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $25.00.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC boosted its holdings in Guess? by 8,708.5% in 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 in the last quarter. Geode Capital Management LLC boosted its stake in shares of Guess? by 6.8% in the third quarter. Geode Capital Management LLC now owns 311,496 shares of the company’s stock valued at $6,274,000 after buying an additional 19,750 shares in the last quarter. Quarry LP grew its holdings in Guess? by 216.9% during the third quarter. Quarry LP now owns 3,359 shares of the company’s stock worth $68,000 after acquiring an additional 2,299 shares during the period. BNP Paribas Financial Markets raised its position 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 acquiring an additional 20,054 shares in the last quarter. Finally, Quantbot Technologies LP lifted its holdings in 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 acquiring an additional 4,284 shares during the period. 61.74% of the stock is owned by hedge funds and other institutional investors.

Guess? Stock Down 5.4 %

The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.76 and a current ratio of 1.47. The company has a market capitalization of $842.77 million, a PE ratio of 6.61 and a beta of 1.94. The firm’s 50-day simple moving average is $18.26 and its 200 day simple moving average is $20.74.

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.