Guess? (NYSE:GES) Reaches New 12-Month Low – What’s Next?

Guess?, Inc. (NYSE:GES) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $12.90 and last traded at $13.06, with a volume of 1196106 shares traded. The stock had previously closed at $13.55.

Analyst Ratings Changes

Several research analysts have commented on GES shares. UBS Group lowered their price objective on shares of 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 decreased their price target on shares of Guess? from $21.00 to $18.00 and set a “market perform” rating on the stock in a report on Wednesday, November 27th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $25.00.

Guess? Stock Performance

The company has a quick ratio of 0.74, a current ratio of 1.54 and a debt-to-equity ratio of 1.18. The stock has a 50 day moving average of $15.42 and a 200 day moving average of $18.68. The company has a market capitalization of $687.51 million, a price-to-earnings ratio of 11.23 and a beta of 1.90.

Guess? (NYSE:GES) last issued its earnings results on Tuesday, November 26th. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.03). The business had revenue of $738.52 million during the quarter, compared to the consensus estimate of $747.36 million. Guess? had a return on equity of 23.29% and a net margin of 3.19%. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.49 earnings per share. As a group, analysts predict that Guess?, Inc. will post 1.92 EPS for the current year.

Guess? Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Wednesday, December 11th were given a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $1.20 annualized dividend and a yield of 8.98%. Guess?’s payout ratio is 100.84%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GES. Quest Partners LLC grew its stake in Guess? by 186.2% in the 2nd quarter. Quest Partners LLC now owns 1,305 shares of the company’s stock valued at $27,000 after purchasing an additional 849 shares during the period. Quarry LP boosted its stake in Guess? by 216.9% in the third quarter. Quarry LP now owns 3,359 shares of the company’s stock valued at $68,000 after acquiring an additional 2,299 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of Guess? during the 2nd quarter valued at approximately $160,000. Optimist Retirement Group LLC bought a new stake in shares of Guess? in the 2nd quarter worth approximately $212,000. Finally, Verity Asset Management Inc. lifted its stake in Guess? by 14.0% in the third quarter. Verity Asset Management Inc. now owns 16,234 shares of the company’s stock valued at $327,000 after purchasing an additional 1,989 shares during the last quarter. 61.74% of the stock is currently owned by hedge funds and other institutional investors.

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.