Guess? (NYSE:GES) Hits New 12-Month Low – Here’s What Happened

Shares of Guess?, Inc. (NYSE:GES) hit a new 52-week low during trading on Tuesday . The stock traded as low as $12.90 and last traded at $13.06, with a volume of 1196106 shares. The stock had previously closed at $13.55.

Wall Street Analyst Weigh In

GES has been the subject of several research reports. UBS Group dropped their target price on shares of Guess? from $18.00 to $16.00 and set a “neutral” rating for the company in a report on Wednesday, November 27th. Telsey Advisory Group dropped their price objective on Guess? from $21.00 to $18.00 and set a “market perform” rating for the company in a research note on Wednesday, November 27th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Guess? presently has a consensus rating of “Hold” and a consensus price target of $25.00.

Guess? Price Performance

The stock’s 50 day moving average is $15.58 and its two-hundred day moving average is $18.77. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.54 and a quick ratio of 0.74. The stock has a market capitalization of $672.03 million, a PE ratio of 10.97 and a beta of 1.90.

Guess? (NYSE:GES) last announced its quarterly earnings data on Tuesday, November 26th. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.03). The firm had revenue of $738.52 million during the quarter, compared to analyst estimates of $747.36 million. Guess? had a net margin of 3.19% and a return on equity of 23.29%. Guess?’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.49 earnings per share. As a group, sell-side analysts forecast that Guess?, Inc. will post 1.92 earnings per share for the current fiscal year.

Guess? Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Wednesday, December 11th were given a dividend of $0.30 per share. The ex-dividend date was Wednesday, December 11th. This represents a $1.20 annualized dividend and a dividend yield of 9.19%. Guess?’s dividend payout ratio is currently 100.84%.

Institutional Investors Weigh In On Guess?

Hedge funds and other institutional investors have recently made changes to their positions in the business. Victory Capital Management Inc. increased its stake in Guess? by 25.8% in the second quarter. Victory Capital Management Inc. now owns 48,718 shares of the company’s stock valued at $994,000 after purchasing an additional 9,993 shares during the last quarter. Quest Partners LLC grew its position in shares of Guess? by 186.2% in the 2nd quarter. Quest Partners LLC now owns 1,305 shares of the company’s stock valued at $27,000 after buying an additional 849 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Guess? by 16.4% in the 2nd quarter. Renaissance Technologies LLC now owns 116,850 shares of the company’s stock valued at $2,384,000 after buying an additional 16,450 shares during the last quarter. Edgestream Partners L.P. purchased a new stake in Guess? in the second quarter valued at $385,000. Finally, Hsbc Holdings PLC boosted its stake in Guess? by 25.5% in the second quarter. Hsbc Holdings PLC now owns 57,149 shares of the company’s stock valued at $1,163,000 after acquiring an additional 11,628 shares in the last quarter. Institutional investors and hedge funds 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.