Guess? (NYSE:GES) Sets New 1-Year Low – Here’s What Happened

Guess?, Inc. (NYSE:GES)’s share price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $17.16 and last traded at $17.17, with a volume of 699920 shares. The stock had previously closed at $17.58.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on GES shares. Telsey Advisory Group dropped their price objective on Guess? from $26.00 to $21.00 and set a “market perform” rating on the stock in a research note on Thursday, August 29th. UBS Group dropped their price target on Guess? from $24.00 to $22.00 and set a “neutral” rating on the stock in a research note on Friday, August 30th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $27.25.

Guess? Trading Down 2.3 %

The business has a 50 day moving average of $19.51 and a two-hundred day moving average of $22.07. The company has a current ratio of 1.47, a quick ratio of 0.76 and a debt-to-equity ratio of 1.01. The firm has a market cap of $882.92 million, a P/E ratio of 7.09 and a beta of 1.92.

Guess? (NYSE:GES) last posted its quarterly earnings data on Wednesday, August 28th. The company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.01). The firm had revenue of $732.60 million for the quarter, compared to the consensus estimate of $729.96 million. Guess? had a return on equity of 24.18% and a net margin of 6.05%. The firm’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.72 EPS. Analysts predict that Guess?, Inc. will post 2.63 earnings per share for the current year.

Guess? Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Wednesday, September 11th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 6.99%. The ex-dividend date was Wednesday, September 11th. Guess?’s payout ratio is 48.39%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. increased its position in 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 period. Wedge Capital Management L L P NC grew its holdings in shares of Guess? by 19.7% during the 3rd quarter. Wedge Capital Management L L P NC now owns 66,490 shares of the company’s stock worth $1,338,000 after purchasing an additional 10,934 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Guess? during the 3rd quarter worth $487,000. Sanctuary Advisors LLC acquired a new stake in shares of Guess? during the 2nd quarter worth $160,000. Finally, New Century Financial Group LLC acquired a new stake in shares of Guess? during the 2nd quarter worth $1,070,000. 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.