Guess’ (NYSE:GES – Get Rating) posted its quarterly earnings data on Tuesday. The company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.11), RTT News reports. The firm had revenue of $633.40 million during the quarter, compared to analyst estimates of $614.00 million. Guess’ had a net margin of 4.58% and a return on equity of 27.12%. Guess”s revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.62 earnings per share.
Guess’ Price Performance
Shares of GES traded up $0.23 during trading hours on Thursday, reaching $19.98. 1,727,660 shares of the company traded hands, compared to its average volume of 804,598. The company has a quick ratio of 0.74, a current ratio of 1.45 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $1.09 billion, a PE ratio of 10.80 and a beta of 1.89. Guess’ has a fifty-two week low of $14.27 and a fifty-two week high of $25.27. The stock has a fifty day simple moving average of $16.64 and a 200 day simple moving average of $18.04.
Guess’ Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 23rd. Investors of record on Wednesday, December 7th will be paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.50%. The ex-dividend date of this dividend is Tuesday, December 6th. Guess”s payout ratio is currently 48.65%.
Insiders Place Their Bets
Institutional Trading of Guess’
A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Guess’ by 4.2% in the 1st quarter. Vanguard Group Inc. now owns 4,555,857 shares of the company’s stock worth $99,546,000 after buying an additional 184,983 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Guess’ by 1.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,970,545 shares of the company’s stock worth $86,760,000 after buying an additional 50,371 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Guess’ by 3.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 589,343 shares of the company’s stock worth $12,878,000 after buying an additional 19,787 shares during the last quarter. Two Sigma Advisers LP raised its holdings in shares of Guess’ by 2.0% in the 3rd quarter. Two Sigma Advisers LP now owns 419,402 shares of the company’s stock worth $6,153,000 after purchasing an additional 8,400 shares during the period. Finally, Renaissance Technologies LLC purchased a new position in shares of Guess’ in the 2nd quarter worth about $2,082,000. 57.68% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities research analysts have recently commented on GES shares. StockNews.com started coverage on Guess’ in a research note on Wednesday, October 12th. They set a “hold” rating for the company. TheStreet cut Guess’ from a “b-” rating to a “c” rating in a research report on Tuesday.
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.
- Get a free copy of the StockNews.com research report on Guess’ (GES)
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