Guess? (NYSE:GES) Hits New 52-Week Low – Time to Sell?

Guess?, Inc. (NYSE:GES) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $14.81 and last traded at $14.82, with a volume of 58465 shares trading hands. The stock had previously closed at $14.99.

Wall Street Analyst Weigh In

GES has been the subject of several research reports. UBS Group dropped their price objective on shares of Guess? from $18.00 to $16.00 and set a “neutral” rating for the company in a research note on Wednesday, November 27th. Telsey Advisory Group decreased 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 has an average rating of “Hold” and a consensus price target of $25.00.

Guess? Stock Performance

The company has a current ratio of 1.54, a quick ratio of 0.74 and a debt-to-equity ratio of 1.18. The stock has a market capitalization of $757.45 million, a price-to-earnings ratio of 12.61 and a beta of 1.89. The firm’s fifty day moving average price is $17.36 and its 200 day moving average price is $19.88.

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

Guess? Dividend Announcement

The business 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 $0.30 dividend. The ex-dividend date is Wednesday, December 11th. This represents a $1.20 annualized dividend and a yield of 8.15%. Guess?’s dividend payout ratio is currently 100.84%.

Hedge Funds Weigh In On Guess?

A number of hedge funds have recently modified their holdings of GES. Quest Partners LLC grew its position in 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. Quarry LP grew its holdings in Guess? by 216.9% during the 3rd 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 stake in shares of Guess? in the 2nd quarter valued at about $160,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Guess? by 72.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,092 shares of the company’s stock worth $206,000 after acquiring an additional 4,254 shares during the last quarter. Finally, Optimist Retirement Group LLC bought a new stake in shares of Guess? during the second quarter valued at approximately $212,000. 61.74% of the stock is currently owned by hedge funds and other institutional investors.

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.