Guess? (NYSE:GES) Sets New 1-Year Low at $18.61

Guess?, Inc. (NYSE:GES)’s share price hit a new 52-week low on Wednesday . The company traded as low as $18.61 and last traded at $18.61, with a volume of 4650 shares traded. The stock had previously closed at $19.24.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Telsey Advisory Group decreased their price objective on shares of Guess? from $26.00 to $21.00 and set a “market perform” rating for the company in a research report on Thursday, August 29th. StockNews.com downgraded shares of Guess? from a “buy” rating to a “hold” rating in a research report on Monday, June 3rd. Finally, UBS Group reduced their price target on shares of Guess? from $24.00 to $22.00 and set a “neutral” rating for the company in a research report on Friday, August 30th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $27.25.

Guess? Stock Performance

The company has a market cap of $998.26 million, a price-to-earnings ratio of 5.57 and a beta of 1.92. The company has a current ratio of 1.47, a quick ratio of 0.76 and a debt-to-equity ratio of 1.10. The stock’s fifty day simple moving average is $21.71 and its 200 day simple moving average is $24.15.

Guess? (NYSE:GES) last released its quarterly earnings data on Wednesday, August 28th. The company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.01). The business had revenue of $732.60 million during the quarter, compared to analyst estimates of $729.96 million. Guess? had a net margin of 6.05% and a return on equity of 24.59%. The firm’s revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.72 EPS. As a group, analysts anticipate that Guess?, Inc. will post 2.63 earnings per share for the current year.

Guess? Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Wednesday, September 11th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, September 11th. This represents a $1.20 dividend on an annualized basis and a yield of 6.43%. Guess?’s payout ratio is 35.82%.

Institutional Trading of Guess?

Several hedge funds have recently made changes to their positions in GES. Pacer Advisors Inc. purchased a new stake in shares of Guess? in the 2nd quarter valued at approximately $82,286,000. Millennium Management LLC grew its stake 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 buying an additional 1,310,042 shares during the period. Hennessy Advisors Inc. purchased a new stake in shares of Guess? in the 4th quarter valued at approximately $23,062,000. Vanguard Group Inc. grew its stake in shares of Guess? by 15.7% in the 1st quarter. Vanguard Group Inc. now owns 3,879,570 shares of the company’s stock valued at $122,090,000 after buying an additional 525,064 shares during the period. Finally, Bank of Montreal Can grew its stake in shares of Guess? by 75.7% in the 2nd quarter. Bank of Montreal Can now owns 914,447 shares of the company’s stock valued at $19,039,000 after buying an additional 394,023 shares during the period. 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.