Guess? (NYSE:GES) Shares Down 2.9% – Here’s What Happened

Guess?, Inc. (NYSE:GES) fell 2.9% during mid-day trading on Thursday . The stock traded as low as $13.93 and last traded at $13.93. 232,800 shares traded hands during trading, a decline of 79% from the average session volume of 1,122,388 shares. The stock had previously closed at $14.35.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on GES. UBS Group decreased their price objective on shares of Guess? from $18.00 to $16.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 27th. Telsey Advisory Group decreased their price target on Guess? from $21.00 to $18.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 27th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $25.00.

Guess? Stock Performance

The firm has a market capitalization of $702.90 million, a price-to-earnings ratio of 11.48 and a beta of 1.90. 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’s 50-day moving average is $16.43 and its 200-day moving average is $19.36.

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

Guess? Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Wednesday, December 11th were given a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $1.20 annualized dividend and a yield of 8.78%. Guess?’s dividend payout ratio is presently 100.84%.

Institutional Investors Weigh In On Guess?

Institutional investors have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Guess? by 72.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,092 shares of the company’s stock worth $206,000 after purchasing an additional 4,254 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in Guess? during the 2nd quarter worth about $588,000. Versor Investments LP grew its position in shares of Guess? by 25.6% in the 2nd quarter. Versor Investments LP now owns 11,900 shares of the company’s stock valued at $243,000 after buying an additional 2,424 shares during the last quarter. Range Financial Group LLC increased its stake in shares of Guess? by 4.4% in the second quarter. Range Financial Group LLC now owns 59,181 shares of the company’s stock valued at $1,207,000 after buying an additional 2,500 shares during the period. Finally, Victory Capital Management Inc. raised its position in shares of Guess? by 25.8% during the second quarter. Victory Capital Management Inc. now owns 48,718 shares of the company’s stock worth $994,000 after acquiring an additional 9,993 shares during the last quarter. 61.74% of the stock is owned by 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.