Guess? (NYSE:GES) Given New $16.00 Price Target at UBS Group

Guess? (NYSE:GES) had its price objective trimmed by UBS Group from $18.00 to $16.00 in a research report released on Wednesday,Benzinga reports. The firm currently has a neutral rating on the stock.

Separately, Telsey Advisory Group dropped their target price on Guess? from $21.00 to $18.00 and set a “market perform” rating for the company in a research report on Wednesday. Four research 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 company has a consensus rating of “Hold” and an average price target of $25.00.

Guess? Stock Performance

Guess? stock opened at $16.39 on Wednesday. The stock has a market cap of $842.77 million, a PE ratio of 6.61 and a beta of 1.94. The company has a quick ratio of 0.76, a current ratio of 1.47 and a debt-to-equity ratio of 1.01. Guess? has a 12-month low of $15.24 and a 12-month high of $33.50. The business’s 50-day moving average price is $18.26 and its two-hundred day moving average price is $20.74.

Guess? (NYSE:GES) last posted its earnings results on Tuesday, November 26th. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.03). The company had revenue of $738.52 million for the quarter, compared to the consensus estimate of $747.36 million. Guess? had a return on equity of 24.18% and a net margin of 6.05%. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.49 EPS. As a group, analysts expect that Guess? will post 2.63 earnings per share for the current fiscal year.

Guess? Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Wednesday, December 11th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 7.32%. The ex-dividend date of this dividend is Wednesday, December 11th. Guess?’s dividend payout ratio (DPR) is presently 48.39%.

Institutional Trading of Guess?

Several institutional investors have recently made changes to their positions in the company. Sanctuary Advisors LLC lifted its position in shares of Guess? by 8,708.5% during the third 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 raised its stake in 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 purchasing an additional 19,750 shares in the last quarter. Quarry LP lifted its position 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 during the last quarter. BNP Paribas Financial Markets grew its stake in Guess? by 2.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 939,594 shares of the company’s stock worth $18,914,000 after buying an additional 20,054 shares in the last quarter. Finally, Quantbot Technologies LP increased its holdings in shares of Guess? by 4.0% in the 3rd quarter. Quantbot Technologies LP now owns 112,139 shares of the company’s stock worth $2,257,000 after buying an additional 4,284 shares during the last quarter. Institutional investors own 61.74% of the company’s stock.

About Guess?

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.