Guess? (NYSE:GES) Hits New 12-Month Low – Time to Sell?

Guess?, Inc. (NYSE:GES) shares hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $13.29 and last traded at $13.32, with a volume of 77592 shares changing hands. The stock had previously closed at $13.79.

Analyst Upgrades and Downgrades

GES has been the topic of a number of recent analyst reports. UBS Group decreased their target price 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 reduced their target price on shares of Guess? from $21.00 to $18.00 and set a “market perform” rating on the stock in a report on Wednesday, November 27th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Guess? currently has a consensus rating of “Hold” and an average price target of $25.00.

Guess? Trading Up 0.9 %

The company has a market cap of $701.87 million, a price-to-earnings ratio of 11.46 and a beta of 1.90. The company has a quick ratio of 0.74, a current ratio of 1.54 and a debt-to-equity ratio of 1.18. The business’s fifty day simple moving average is $15.73 and its two-hundred day simple moving average is $18.90.

Guess? (NYSE:GES) last released its quarterly earnings results 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). Guess? had a return on equity of 23.29% and a net margin of 3.19%. The firm had revenue of $738.52 million for the quarter, compared to analysts’ expectations of $747.36 million. During the same quarter in the prior year, the business earned $0.49 EPS. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. On average, equities analysts predict that Guess?, Inc. will post 1.92 EPS for the current year.

Guess? Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Wednesday, December 11th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 8.80%. The ex-dividend date of this dividend was Wednesday, December 11th. Guess?’s dividend payout ratio (DPR) is presently 100.84%.

Institutional Trading of Guess?

Hedge funds have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. purchased a new stake in shares of Guess? during the second quarter worth approximately $82,286,000. Millennium Management LLC raised its position in Guess? by 2,180.2% during the 2nd quarter. Millennium Management LLC now owns 1,370,131 shares of the company’s stock worth $27,951,000 after buying an additional 1,310,042 shares during the last quarter. Sanctuary Advisors LLC lifted its stake in shares of Guess? by 8,708.5% in the 3rd quarter. Sanctuary Advisors LLC now owns 691,030 shares of the company’s stock worth $13,910,000 after acquiring an additional 683,185 shares during the period. Bank of Montreal Can lifted its stake in shares of Guess? by 75.7% in the 2nd quarter. Bank of Montreal Can now owns 914,447 shares of the company’s stock worth $19,039,000 after acquiring an additional 394,023 shares during the period. Finally, WINTON GROUP Ltd boosted its holdings in shares of Guess? by 423.1% in the second quarter. WINTON GROUP Ltd now owns 191,982 shares of the company’s stock valued at $3,916,000 after acquiring an additional 155,281 shares in the last quarter. 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.