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

Guess?, Inc. (NYSE:GES) shares reached a new 52-week low during trading on Monday . The stock traded as low as $11.79 and last traded at $11.94, with a volume of 43424 shares changing hands. The stock had previously closed at $11.90.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on GES. UBS Group decreased their target price 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 cut their price target 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. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $25.00.

Guess? Stock Up 0.3 %

The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.74 and a current ratio of 1.54. The company has a market cap of $614.28 million, a price-to-earnings ratio of 10.03 and a beta of 1.88. The business’s 50 day simple moving average is $13.24 and its 200-day simple moving average is $16.85.

Guess? (NYSE:GES) last issued 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). The firm had revenue of $738.52 million during the quarter, compared to analyst estimates of $747.36 million. Guess? had a return on equity of 23.29% and a net margin of 3.19%. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.49 earnings per share. Sell-side analysts expect that Guess?, Inc. will post 1.92 earnings per share for the current year.

Guess? Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Wednesday, December 11th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 10.05%. The ex-dividend date was Wednesday, December 11th. Guess?’s payout ratio is 100.84%.

Institutional Investors Weigh In On Guess?

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. PharVision Advisers LLC acquired a new stake in shares of Guess? in the fourth quarter valued at about $197,000. Point72 Hong Kong Ltd bought a new position in shares of Guess? during the 4th quarter worth about $175,000. Occudo Quantitative Strategies LP acquired a new position in shares of Guess? during the fourth quarter valued at about $798,000. Millennium Management LLC lifted its stake in shares of Guess? by 160.2% in the fourth quarter. Millennium Management LLC now owns 1,159,249 shares of the company’s stock valued at $16,299,000 after buying an additional 713,666 shares during the period. Finally, Cresset Asset Management LLC grew its position in Guess? by 13.2% during the fourth quarter. Cresset Asset Management LLC now owns 67,055 shares of the company’s stock worth $943,000 after buying an additional 7,800 shares in 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.