Guess? (NYSE:GES) Shares Down 4.4% – Here’s Why

Guess?, Inc. (NYSE:GES)’s share price traded down 4.4% on Thursday . The company traded as low as $12.76 and last traded at $12.76. 365,951 shares were traded during trading, a decline of 67% from the average session volume of 1,121,676 shares. The stock had previously closed at $13.35.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Telsey Advisory Group reduced their target price on shares of Guess? from $21.00 to $18.00 and set a “market perform” rating for the company in a research report on Wednesday, November 27th. UBS Group reduced their target price 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. 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.com, the stock presently has an average rating of “Hold” and an average price target of $25.00.

Guess? Stock Up 1.3 %

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 firm has a market capitalization of $648.60 million, a PE ratio of 10.59 and a beta of 1.90. The company’s 50 day simple moving average is $15.23 and its 200-day simple moving average is $18.59.

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

Guess? Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Wednesday, December 11th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 9.52%. The ex-dividend date was Wednesday, December 11th. Guess?’s dividend payout ratio is currently 100.84%.

Institutional Investors Weigh In On Guess?

Several institutional investors and hedge funds have recently modified their holdings of the stock. Pacer Advisors Inc. purchased a new position in Guess? during the 2nd quarter valued at about $82,286,000. Millennium Management LLC lifted its position in Guess? by 2,180.2% during the 2nd quarter. Millennium Management LLC now owns 1,370,131 shares of the company’s stock valued at $27,951,000 after acquiring an additional 1,310,042 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Guess? by 4.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,215,395 shares of the company’s stock valued at $24,466,000 after acquiring an additional 54,990 shares during the period. BNP Paribas Financial Markets lifted its position in Guess? by 2.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 939,594 shares of the company’s stock valued at $18,914,000 after acquiring an additional 20,054 shares during the period. Finally, Bank of Montreal Can lifted its position in Guess? by 2.3% during the 3rd quarter. Bank of Montreal Can now owns 935,426 shares of the company’s stock valued at $18,783,000 after acquiring an additional 20,979 shares during the period. 61.74% of the stock is 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.