Guess? (NYSE:GES) Releases Earnings Results, Misses Estimates By $0.01 EPS

Guess? (NYSE:GES) announced its quarterly earnings results on Wednesday. The company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.01), Briefing.com reports. The business had revenue of $732.60 million during the quarter, compared to the consensus estimate of $729.96 million. Guess? had a return on equity of 26.92% and a net margin of 7.97%. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.72 EPS.

Guess? Trading Up 1.9 %

Shares of NYSE GES traded up $0.38 during midday trading on Friday, hitting $20.89. The company’s stock had a trading volume of 295,392 shares, compared to its average volume of 1,217,214. Guess? has a 12-month low of $19.58 and a 12-month high of $33.50. The company has a current ratio of 1.57, a quick ratio of 0.85 and a debt-to-equity ratio of 0.92. The firm has a market cap of $1.12 billion, a P/E ratio of 6.22 and a beta of 1.91. The business’s 50 day moving average is $21.85 and its two-hundred day moving average is $24.48.

Guess? Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Wednesday, September 11th will be paid a dividend of $0.30 per share. The ex-dividend date is Wednesday, September 11th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.74%. Guess?’s dividend payout ratio is 35.82%.

Institutional Trading of Guess?

Several institutional investors and hedge funds have recently made changes to their positions in GES. Pacer Advisors Inc. bought a new position in shares of Guess? in the second quarter worth about $82,286,000. Millennium Management LLC boosted its position in 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 position in shares of Guess? during the fourth quarter worth approximately $23,062,000. Vanguard Group Inc. increased its position in shares of Guess? by 15.7% during the first quarter. Vanguard Group Inc. now owns 3,879,570 shares of the company’s stock worth $122,090,000 after acquiring an additional 525,064 shares during the period. Finally, Bank of Montreal Can raised its stake in shares of Guess? by 75.7% during the second quarter. Bank of Montreal Can now owns 914,447 shares of the company’s stock valued at $19,039,000 after acquiring an additional 394,023 shares in the last quarter. 61.74% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on GES. UBS Group reduced their price objective on Guess? from $24.00 to $22.00 and set a “neutral” rating on the stock in a research note on Friday. Telsey Advisory Group cut their target price on Guess? from $26.00 to $21.00 and set a “market perform” rating on the stock in a research report on Thursday. Finally, StockNews.com downgraded Guess? from a “buy” rating to a “hold” rating in a research report on Monday, June 3rd. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Guess? has a consensus rating of “Hold” and an average target price of $27.25.

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.