Guess’ (NYSE:GES) Releases Quarterly Earnings Results

Guess’ (NYSE:GES – Get Rating) released its quarterly earnings data on Wednesday. The company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.28) by $0.21, Briefing.com reports. Guess’ had a net margin of 4.87% and a return on equity of 29.09%. The firm had revenue of $569.80 million for the quarter, compared to the consensus estimate of $555.63 million. During the same period in the previous year, the company earned $0.24 earnings per share. The company’s quarterly revenue was down 4.0% on a year-over-year basis. Guess’ updated its Q2 guidance to $0.35-0.42 EPS and its FY24 guidance to $2.60-2.90 EPS.

Guess’ Trading Up 8.2 %

Shares of Guess’ stock opened at $18.80 on Friday. The firm has a 50-day moving average of $18.72 and a 200-day moving average of $20.29. The stock has a market cap of $1.05 billion, a PE ratio of 9.95 and a beta of 1.93. Guess’ has a 52-week low of $14.27 and a 52-week high of $24.15. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.92 and a current ratio of 1.59.

Guess’ Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 23rd. Stockholders of record on Wednesday, June 7th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.38%. This is a boost from Guess”s previous quarterly dividend of $0.23. Guess”s payout ratio is presently 47.62%.

Analysts Set New Price Targets

GES has been the topic of several research reports. StockNews.com upgraded shares of Guess’ from a “hold” rating to a “buy” rating in a report on Friday. TheStreet downgraded shares of Guess’ from a “b” rating to a “c+” rating in a report on Wednesday. Telsey Advisory Group reissued a “market perform” rating and issued a $23.00 target price on shares of Guess’ in a research report on Wednesday, March 15th. Finally, Small Cap Consu reissued a “buy” rating on shares of Guess’ in a research report on Tuesday, March 28th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Guess’ presently has a consensus rating of “Moderate Buy” and an average price target of $26.00.

Institutional Investors Weigh In On Guess’

A number of institutional investors have recently modified their holdings of the business. Arrowstreet Capital Limited Partnership lifted its position in Guess’ by 158.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,170,608 shares of the company’s stock worth $24,220,000 after purchasing an additional 717,977 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Guess’ by 82.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,005,259 shares of the company’s stock worth $19,562,000 after purchasing an additional 453,565 shares during the period. Norges Bank bought a new stake in Guess’ during the fourth quarter worth about $6,088,000. Vanguard Group Inc. lifted its position in Guess’ by 4.2% during the first quarter. Vanguard Group Inc. now owns 4,555,857 shares of the company’s stock worth $99,546,000 after purchasing an additional 184,983 shares during the period. Finally, Point72 Asset Management L.P. bought a new stake in Guess’ during the fourth quarter worth about $3,718,000. Institutional investors own 58.81% of the company’s stock.

About Guess’

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Guess?, Inc engages in designing, marketing, distributing and licensing contemporary apparel and accessories for men, women and children that reflect the American lifestyle and European fashion sensibilities. It operates through the following segments: Americas Retail, Americas Wholesale, Europe, Asia, and Licensing.