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

Shares of Guess?, Inc. (NYSE:GES) hit a new 52-week low during trading on Wednesday . The company traded as low as $13.29 and last traded at $13.32, with a volume of 77592 shares traded. The stock had previously closed at $13.79.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Telsey Advisory Group cut their price target on shares of Guess? from $21.00 to $18.00 and set a “market perform” rating for the company in a report on Wednesday, November 27th. UBS Group reduced their target price on Guess? from $18.00 to $16.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 27th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Guess? presently has a consensus rating of “Hold” and a consensus price target of $25.00.

Guess? Price Performance

The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.74 and a current ratio of 1.54. The stock’s 50-day moving average is $15.87 and its two-hundred day moving average is $18.97. The stock has a market cap of $681.29 million, a PE ratio of 11.13 and a beta of 1.90.

Guess? (NYSE:GES) last issued its quarterly earnings data 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). Guess? had a net margin of 3.19% and a return on equity of 23.29%. The firm had revenue of $738.52 million during the quarter, compared to analyst estimates of $747.36 million. During the same period in the previous year, the firm posted $0.49 earnings per share. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. On average, equities analysts predict that Guess?, Inc. will post 1.92 earnings per share for the current year.

Guess? Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Wednesday, December 11th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 9.06%. The ex-dividend date was Wednesday, December 11th. Guess?’s payout ratio is 100.84%.

Institutional Trading of Guess?

Hedge funds have recently modified their holdings of the stock. Quest Partners LLC increased its holdings in Guess? by 186.2% during the 2nd quarter. Quest Partners LLC now owns 1,305 shares of the company’s stock worth $27,000 after purchasing an additional 849 shares during the period. Quarry LP lifted its stake in Guess? by 216.9% in the third quarter. Quarry LP now owns 3,359 shares of the company’s stock worth $68,000 after acquiring an additional 2,299 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in Guess? during the 2nd quarter worth approximately $160,000. Optimist Retirement Group LLC purchased a new stake in shares of Guess? in the 2nd quarter valued at approximately $212,000. Finally, Verity Asset Management Inc. raised its holdings in shares of Guess? by 14.0% in the 3rd 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 in the last quarter. 61.74% of the stock is currently owned by institutional investors and hedge funds.

Guess? Company Profile

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.