Guess? (NYSE:GES) Stock Price Down 4.4% – Should You Sell?

Shares of Guess?, Inc. (NYSE:GES) fell 4.4% during mid-day trading on Thursday . The stock traded as low as $12.76 and last traded at $12.76. 365,951 shares traded hands during mid-day trading, a decline of 67% from the average session volume of 1,121,676 shares. The stock had previously closed at $13.35.

Analyst Upgrades and Downgrades

A number of research firms recently commented on GES. UBS Group lowered their price objective on shares of Guess? from $18.00 to $16.00 and set a “neutral” rating for the company in a research report on Wednesday, November 27th. Telsey Advisory Group dropped 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 analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $25.00.

Guess? Trading Down 6.1 %

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 company has a market capitalization of $644.74 million, a P/E ratio of 10.61 and a beta of 1.90. The business has a fifty day moving average price of $15.42 and a 200 day moving average price of $18.68.

Guess? (NYSE:GES) last released its earnings results on Tuesday, November 26th. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.03). The firm had revenue of $738.52 million during the quarter, compared to the consensus estimate of $747.36 million. Guess? had a net margin of 3.19% and a return on equity of 23.29%. The company’s revenue was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.49 EPS. On average, analysts expect that Guess?, Inc. will post 1.92 earnings per share for the current fiscal year.

Guess? Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Wednesday, December 11th were paid a $0.30 dividend. The ex-dividend date was Wednesday, December 11th. This represents a $1.20 annualized dividend and a yield of 9.58%. Guess?’s payout ratio is currently 100.84%.

Hedge Funds Weigh In On Guess?

A number of large investors have recently modified their holdings of the business. Quest Partners LLC increased its position in shares of Guess? by 186.2% in the second quarter. Quest Partners LLC now owns 1,305 shares of the company’s stock valued at $27,000 after acquiring an additional 849 shares during the last quarter. Quarry LP grew its stake in Guess? by 216.9% in the third quarter. Quarry LP now owns 3,359 shares of the company’s stock valued at $68,000 after purchasing an additional 2,299 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Guess? during the 2nd quarter worth approximately $160,000. Optimist Retirement Group LLC bought a new stake in shares of Guess? during the 2nd quarter worth approximately $212,000. Finally, Verity Asset Management Inc. boosted its holdings in shares of Guess? by 14.0% in the 3rd quarter. Verity Asset Management Inc. now owns 16,234 shares of the company’s stock valued at $327,000 after buying an additional 1,989 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.