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

Guess?, Inc. (NYSE:GES) hit a new 52-week low during trading on Tuesday . The company traded as low as $16.78 and last traded at $16.98, with a volume of 50854 shares changing hands. The stock had previously closed at $17.15.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on GES. UBS Group decreased their target price on Guess? from $24.00 to $22.00 and set a “neutral” rating for the company in a research report on Friday, August 30th. Telsey Advisory Group decreased 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 investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $27.25.

Guess? Stock Up 2.4 %

The firm’s 50-day simple moving average is $19.03 and its 200-day simple moving average is $21.73. The company has a market capitalization of $891.11 million, a price-to-earnings ratio of 6.99 and a beta of 1.94. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.76 and a current ratio of 1.47.

Guess? (NYSE:GES) last released its quarterly earnings data on Wednesday, August 28th. The company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.01). The firm had revenue of $732.60 million for the quarter, compared to the consensus estimate of $729.96 million. Guess? had a net margin of 6.05% and a return on equity of 24.18%. The business’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 earnings per share. Sell-side analysts forecast that Guess?, Inc. will post 2.63 earnings per share for the current year.

Guess? Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Wednesday, September 11th were paid a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, September 11th. This represents a $1.20 annualized dividend and a dividend yield of 6.92%. Guess?’s dividend payout ratio is currently 48.39%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Pacer Advisors Inc. acquired a new stake in shares of Guess? during the second quarter worth approximately $82,286,000. Vanguard Group Inc. increased its holdings in Guess? by 15.7% during the 1st quarter. Vanguard Group Inc. now owns 3,879,570 shares of the company’s stock valued at $122,090,000 after purchasing an additional 525,064 shares in the last quarter. Hennessy Advisors Inc. raised its position in Guess? by 41.6% in the 2nd quarter. Hennessy Advisors Inc. now owns 1,615,800 shares of the company’s stock valued at $32,962,000 after purchasing an additional 474,700 shares during the last quarter. LSV Asset Management boosted its stake in Guess? by 0.6% in the second quarter. LSV Asset Management now owns 1,454,320 shares of the company’s stock worth $29,668,000 after purchasing an additional 9,100 shares in the last quarter. Finally, Millennium Management LLC grew its holdings in shares of Guess? by 2,180.2% during the second quarter. Millennium Management LLC now owns 1,370,131 shares of the company’s stock worth $27,951,000 after purchasing an additional 1,310,042 shares during the last quarter. 61.74% of the stock is currently owned by institutional investors and hedge funds.

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.