Guess’ (NYSE:GES) Releases Quarterly Earnings Results

Guess’ (NYSE:GESGet Rating) announced its quarterly earnings results on Tuesday. The company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.11), RTT News reports. Guess’ had a net margin of 4.58% and a return on equity of 27.12%. The business had revenue of $633.40 million during the quarter, compared to analysts’ expectations of $614.00 million. During the same period last year, the company earned $0.62 EPS. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis.

Guess’ Trading Up 1.2 %

GES stock traded up $0.23 on Thursday, hitting $19.98. 1,727,660 shares of the company were exchanged, compared to its average volume of 804,598. Guess’ has a twelve month low of $14.27 and a twelve month high of $25.27. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.45 and a quick ratio of 0.74. The business’s fifty day moving average is $16.64 and its two-hundred day moving average is $18.04. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 10.80 and a beta of 1.89.

Guess’ Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 23rd. Investors of record on Wednesday, December 7th will be given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 4.50%. The ex-dividend date is Tuesday, December 6th. Guess”s dividend payout ratio (DPR) is 48.65%.

Analysts Set New Price Targets

GES has been the topic of several recent research reports. StockNews.com began coverage on shares of Guess’ in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. TheStreet lowered shares of Guess’ from a “b-” rating to a “c” rating in a research report on Tuesday.

Insider Buying and Selling

In other news, Director Anthony Chidoni sold 10,000 shares of the stock in a transaction on Monday, September 19th. The shares were sold at an average price of $16.60, for a total value of $166,000.00. Following the completion of the sale, the director now owns 199,552 shares of the company’s stock, valued at $3,312,563.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 41.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Guess’

Large investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Guess’ by 4.2% in the first quarter. Vanguard Group Inc. now owns 4,555,857 shares of the company’s stock valued at $99,546,000 after purchasing an additional 184,983 shares during the period. Dimensional Fund Advisors LP boosted its stake in Guess’ by 1.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,970,545 shares of the company’s stock valued at $86,760,000 after acquiring an additional 50,371 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Guess’ by 3.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 589,343 shares of the company’s stock valued at $12,878,000 after acquiring an additional 19,787 shares during the last quarter. Two Sigma Advisers LP boosted its stake in Guess’ by 2.0% during the 3rd quarter. Two Sigma Advisers LP now owns 419,402 shares of the company’s stock valued at $6,153,000 after acquiring an additional 8,400 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new position in Guess’ during the 2nd quarter valued at $2,082,000. Institutional investors and hedge funds own 57.68% of the company’s stock.

Guess’ Company Profile

(Get Rating)

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.

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Earnings History for Guess' (NYSE:GES)

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