Guess? (NYSE:GES) Hits New 52-Week Low – Here’s What Happened

Guess?, Inc. (NYSE:GES) shares hit a new 52-week low during trading on Wednesday . The stock traded as low as $15.15 and last traded at $15.16, with a volume of 228262 shares traded. The stock had previously closed at $15.33.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on GES shares. Telsey Advisory Group decreased their price objective on Guess? from $21.00 to $18.00 and set a “market perform” rating on the stock in a report on Wednesday, November 27th. UBS Group decreased their price target 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. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Guess? has an average rating of “Hold” and a consensus target price of $25.00.

Guess? Trading Up 1.5 %

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 firm has a market capitalization of $788.84 million, a PE ratio of 12.88 and a beta of 1.89. The business has a fifty day moving average price of $17.55 and a two-hundred day moving average price of $20.05.

Guess? (NYSE:GES) last released its quarterly 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). Guess? had a return on equity of 23.29% and a net margin of 3.19%. The firm had revenue of $738.52 million for the quarter, compared to analysts’ expectations of $747.36 million. During the same quarter in the prior year, the business earned $0.49 earnings per share. The company’s quarterly revenue was up 13.4% on a year-over-year basis. Analysts expect that Guess?, Inc. will post 1.92 EPS for the current fiscal year.

Guess? Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Wednesday, December 11th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.83%. The ex-dividend date is Wednesday, December 11th. Guess?’s dividend payout ratio (DPR) is currently 100.84%.

Institutional Investors Weigh In On Guess?

A number of hedge funds have recently added to or reduced their stakes in the business. Pacer Advisors Inc. acquired a new position in shares of Guess? during the second quarter worth about $82,286,000. Hennessy Advisors Inc. grew its holdings in Guess? by 41.6% during the 2nd quarter. Hennessy Advisors Inc. now owns 1,615,800 shares of the company’s stock worth $32,962,000 after acquiring an additional 474,700 shares in the last quarter. LSV Asset Management increased its position in shares of Guess? by 0.6% in the 2nd quarter. LSV Asset Management now owns 1,454,320 shares of the company’s stock valued at $29,668,000 after purchasing an additional 9,100 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Guess? by 2,180.2% in the 2nd quarter. Millennium Management LLC now owns 1,370,131 shares of the company’s stock valued at $27,951,000 after purchasing an additional 1,310,042 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Guess? by 4.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,215,395 shares of the company’s stock valued at $24,466,000 after purchasing an additional 54,990 shares in the last quarter. 61.74% of the stock is currently owned by institutional investors and hedge funds.

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.