UBS Group Lowers Guess? (NYSE:GES) Price Target to $16.00

Guess? (NYSE:GES) had its target price lowered by UBS Group from $18.00 to $16.00 in a research report released on Wednesday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

Separately, Telsey Advisory Group decreased their target price on shares of Guess? from $21.00 to $18.00 and set a “market perform” rating on the stock in a research note on Wednesday. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Guess? currently has an average rating of “Hold” and a consensus price target of $25.00.

Guess? Stock Down 5.4 %

Shares of GES opened at $16.39 on Wednesday. Guess? has a 1 year low of $15.24 and a 1 year high of $33.50. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.47 and a quick ratio of 0.76. The stock has a 50 day simple moving average of $18.26 and a two-hundred day simple moving average of $20.74. The firm has a market cap of $842.77 million, a P/E ratio of 6.61 and a beta of 1.94.

Guess? (NYSE:GES) last announced its quarterly earnings data on Tuesday, November 26th. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.03). The business had revenue of $738.52 million during the quarter, compared to analysts’ expectations of $747.36 million. Guess? had a net margin of 6.05% and a return on equity of 24.18%. Guess?’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period last year, the company posted $0.49 EPS. On average, analysts forecast that Guess? will post 2.63 earnings per share for the current fiscal year.

Guess? Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Wednesday, December 11th will be given a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, December 11th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.32%. Guess?’s dividend payout ratio is currently 48.39%.

Hedge Funds Weigh In On Guess?

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in Guess? by 15.7% in the first quarter. Vanguard Group Inc. now owns 3,879,570 shares of the company’s stock valued at $122,090,000 after acquiring an additional 525,064 shares in the last quarter. Quadrature Capital Ltd bought a new stake in shares of Guess? during the 1st quarter valued at about $352,000. Price T Rowe Associates Inc. MD increased its position in shares of 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 buying an additional 1,076 shares during the period. Comerica Bank raised its stake in Guess? by 73.8% in the first quarter. Comerica Bank now owns 21,886 shares of the company’s stock worth $689,000 after buying an additional 9,294 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in Guess? in the first quarter worth about $717,000. Institutional investors own 61.74% of the company’s stock.

Guess? Company Profile

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.