Guess? (NYSE:GES) Reaches New 1-Year Low – Time to Sell?

Guess?, Inc. (NYSE:GES) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $18.46 and last traded at $18.47, with a volume of 188831 shares trading hands. The stock had previously closed at $18.82.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. UBS Group reduced their price target on shares of Guess? from $24.00 to $22.00 and set a “neutral” rating for the company in a report on Friday, August 30th. Telsey Advisory Group reduced their price target on shares of Guess? from $26.00 to $21.00 and set a “market perform” rating for the company in a report on Thursday, August 29th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Guess? has a consensus rating of “Hold” and an average price target of $27.25.

Guess? Trading Down 2.0 %

The business’s 50 day moving average is $19.99 and its two-hundred day moving average is $22.55. The company has a quick ratio of 0.76, a current ratio of 1.47 and a debt-to-equity ratio of 1.01. The firm has a market capitalization of $987.02 million, a P/E ratio of 5.62 and a beta of 1.92.

Guess? (NYSE:GES) last issued its quarterly earnings data on Wednesday, August 28th. The company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.01). Guess? had a net margin of 6.05% and a return on equity of 24.18%. The company had revenue of $732.60 million for the quarter, compared to the consensus estimate of $729.96 million. During the same quarter in the prior year, the firm earned $0.72 earnings per share. Guess?’s revenue for the quarter was up 10.2% compared to the same quarter last year. Analysts expect that Guess?, Inc. will post 2.63 EPS for the current year.

Guess? Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Wednesday, September 11th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 6.51%. The ex-dividend date of this dividend was Wednesday, September 11th. Guess?’s dividend payout ratio (DPR) is presently 35.82%.

Institutional Investors Weigh In On Guess?

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Pacer Advisors Inc. purchased a new position in Guess? in the 2nd quarter worth about $82,286,000. Vanguard Group Inc. increased its stake in Guess? by 15.7% in the 1st quarter. Vanguard Group Inc. now owns 3,879,570 shares of the company’s stock worth $122,090,000 after purchasing an additional 525,064 shares in the last quarter. Hennessy Advisors Inc. increased its stake in Guess? by 41.6% in the 2nd quarter. Hennessy Advisors Inc. now owns 1,615,800 shares of the company’s stock worth $32,962,000 after purchasing an additional 474,700 shares in the last quarter. LSV Asset Management grew its stake in Guess? by 0.6% during the 2nd quarter. LSV Asset Management now owns 1,454,320 shares of the company’s stock valued at $29,668,000 after acquiring an additional 9,100 shares in the last quarter. Finally, Millennium Management LLC grew its stake 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 in the last quarter. 61.74% of the stock is currently owned by 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.