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

Guess?, Inc. (NYSE:GES) shares reached a new 52-week low during trading on Friday . The company traded as low as $16.77 and last traded at $16.85, with a volume of 86314 shares changing hands. The stock had previously closed at $16.94.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on GES shares. Telsey Advisory Group dropped their price target 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 investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $27.25.

Guess? Stock Down 1.1 %

The firm has a 50 day simple moving average of $18.69 and a two-hundred day simple moving average of $21.39. The company has a market capitalization of $861.29 million, a PE ratio of 6.77 and a beta of 1.94. The company has a current ratio of 1.47, a quick ratio of 0.76 and a debt-to-equity ratio of 1.01.

Guess? (NYSE:GES) last issued its quarterly earnings data on Wednesday, August 28th. The company reported $0.42 earnings per share (EPS) 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 analyst estimates of $729.96 million. Guess? had a return on equity of 24.18% and a net margin of 6.05%. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.72 earnings per share. Research analysts expect that Guess?, Inc. will post 2.63 EPS for the current year.

Guess? Dividend Announcement

The business also recently declared 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 7.16%. The ex-dividend date was Wednesday, September 11th. Guess?’s payout ratio is 48.39%.

Hedge Funds Weigh In On Guess?

Hedge funds have recently bought and sold shares of the stock. SummerHaven Investment Management LLC grew its position in shares of Guess? by 1.7% in the second quarter. SummerHaven Investment Management LLC now owns 38,433 shares of the company’s stock valued at $784,000 after purchasing an additional 642 shares during the period. Quest Partners LLC grew its position in Guess? by 186.2% during the second quarter. Quest Partners LLC now owns 1,305 shares of the company’s stock valued at $27,000 after acquiring an additional 849 shares during the period. EMC Capital Management grew its position in Guess? by 10.0% during the first quarter. EMC Capital Management now owns 9,908 shares of the company’s stock valued at $312,000 after acquiring an additional 903 shares during the period. Price T Rowe Associates Inc. MD grew its position in Guess? by 4.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 23,315 shares of the company’s stock valued at $734,000 after acquiring an additional 1,076 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in Guess? by 11.5% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,627 shares of the company’s stock valued at $334,000 after acquiring an additional 1,720 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.