Guess? (NYSE:GES) Hits New 1-Year Low – Here’s What Happened

Guess?, Inc. (NYSE:GES)’s share price reached a new 52-week low on Wednesday . The stock traded as low as $15.15 and last traded at $15.16, with a volume of 228262 shares changing hands. The stock had previously closed at $15.33.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on GES shares. UBS Group decreased their price objective on shares of Guess? from $18.00 to $16.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 27th. Telsey Advisory Group cut their price objective on Guess? from $21.00 to $18.00 and set a “market perform” rating for the company in a research report on Wednesday, November 27th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Guess? has an average rating of “Hold” and an average price target of $25.00.

Guess? Price Performance

The stock has a market capitalization of $806.30 million, a PE ratio of 13.13 and a beta of 1.89. The company’s 50 day simple moving average is $17.70 and its 200 day simple moving average is $20.12. The company has a current ratio of 1.54, a quick ratio of 0.74 and a debt-to-equity ratio of 1.28.

Guess? (NYSE:GES) last released its earnings results 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). Guess? had a return on equity of 23.68% and a net margin of 3.19%. The business had revenue of $738.52 million for the quarter, compared to analysts’ expectations of $747.36 million. During the same quarter last year, the company posted $0.49 earnings per share. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. On average, equities analysts anticipate that Guess?, Inc. will post 1.92 earnings per share for the current year.

Guess? Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Wednesday, December 11th will be paid a dividend of $0.30 per share. The ex-dividend date is Wednesday, December 11th. This represents a $1.20 annualized dividend and a yield of 7.65%. Guess?’s dividend payout ratio is presently 100.84%.

Hedge Funds Weigh In On Guess?

Hedge funds and other institutional investors have recently modified their holdings of the company. Pacer Advisors Inc. acquired a new position in Guess? during the second quarter valued at approximately $82,286,000. Millennium Management LLC raised its stake in shares of 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 acquiring an additional 1,310,042 shares during the period. Sanctuary Advisors LLC lifted its holdings in shares of Guess? by 8,708.5% during the 3rd quarter. Sanctuary Advisors LLC now owns 691,030 shares of the company’s stock valued at $13,910,000 after acquiring an additional 683,185 shares in the last quarter. Hennessy Advisors Inc. boosted its position in Guess? by 41.6% during 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 during the period. Finally, Bank of Montreal Can boosted its position in Guess? by 75.7% during the 2nd quarter. Bank of Montreal Can now owns 914,447 shares of the company’s stock worth $19,039,000 after purchasing an additional 394,023 shares during the period. 61.74% of the stock is 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.