Guess? (NYSE:GES) Reaches New 12-Month Low – Time to Sell?

Shares of Guess?, Inc. (NYSE:GES) hit a new 52-week low on Monday . The stock traded as low as $12.38 and last traded at $12.39, with a volume of 7337 shares changing hands. The stock had previously closed at $12.91.

Analysts Set New Price Targets

Several brokerages recently weighed in on GES. UBS Group reduced their price target on Guess? from $18.00 to $16.00 and set a “neutral” rating for the company in a research report on Wednesday, November 27th. Telsey Advisory Group reduced their price target on Guess? from $21.00 to $18.00 and set a “market perform” rating for the company in a research report on Wednesday, November 27th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $25.00.

Guess? Trading Up 2.7 %

The company has a 50 day moving average price of $14.37 and a 200 day moving average price of $17.87. The firm has a market cap of $649.73 million, a price-to-earnings ratio of 10.61 and a beta of 1.88. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.74 and a current ratio of 1.54.

Guess? (NYSE:GES) last posted its quarterly earnings data on Tuesday, November 26th. The company reported $0.34 earnings per share (EPS) 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 3.19% and a return on equity of 23.29%. Guess?’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.49 EPS. On average, research analysts expect that Guess?, Inc. will post 1.92 earnings per share for the current year.

Guess? Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Wednesday, December 11th were paid a $0.30 dividend. The ex-dividend date was Wednesday, December 11th. This represents a $1.20 dividend on an annualized basis and a yield of 9.50%. Guess?’s dividend payout ratio is currently 100.84%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Guess? by 11.5% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,627 shares of the company’s stock worth $334,000 after buying an additional 1,720 shares during the last quarter. Verity Asset Management Inc. lifted its position in shares of Guess? by 14.0% during the 3rd quarter. Verity Asset Management Inc. now owns 16,234 shares of the company’s stock worth $327,000 after buying an additional 1,989 shares during the last quarter. Segall Bryant & Hamill LLC lifted its position in shares of Guess? by 2.1% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 113,775 shares of the company’s stock worth $2,290,000 after buying an additional 2,288 shares during the last quarter. Quarry LP lifted its position in shares of Guess? by 216.9% during the 3rd quarter. Quarry LP now owns 3,359 shares of the company’s stock worth $68,000 after buying an additional 2,299 shares during the last quarter. Finally, Quantbot Technologies LP lifted its position in shares of Guess? by 4.0% during 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. Hedge funds and other 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.