Guess’ (NYSE:GES) Releases Quarterly Earnings Results

Guess’ (NYSE:GES – Get Rating) announced its quarterly earnings results on Tuesday. The company reported $1.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.44, Briefing.com reports. Guess’ had a net margin of 4.58% and a return on equity of 27.89%. The company had revenue of $817.78 million for the quarter, compared to the consensus estimate of $772.00 million. During the same quarter in the prior year, the firm earned $1.14 earnings per share. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year.

Guess’ Stock Performance

NYSE:GES opened at $20.16 on Thursday. The firm has a 50 day simple moving average of $22.11 and a 200-day simple moving average of $19.40. The company has a debt-to-equity ratio of 2.15, a current ratio of 1.57 and a quick ratio of 0.79. The firm has a market cap of $1.10 billion, a PE ratio of 10.90 and a beta of 1.87. Guess’ has a 1-year low of $14.27 and a 1-year high of $24.66.

Guess’ Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 14th. Stockholders of record on Wednesday, March 29th will be given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.46%. The ex-dividend date is Tuesday, March 28th. Guess”s dividend payout ratio is presently 48.65%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $23.00 price target on shares of Guess’ in a report on Wednesday. TheStreet raised shares of Guess’ from a “c” rating to a “b” rating in a report on Tuesday. Finally, StockNews.com initiated coverage on shares of Guess’ in a report on Thursday. They issued a “hold” rating on the stock.

Hedge Funds Weigh In On Guess’

Institutional investors have recently modified their holdings of the company. Arrowstreet Capital Limited Partnership increased its position in Guess’ by 158.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,170,608 shares of the company’s stock worth $24,220,000 after purchasing an additional 717,977 shares during the last quarter. Norges Bank acquired a new position in Guess’ during the fourth quarter worth approximately $6,088,000. Vanguard Group Inc. increased its position in Guess’ by 4.2% during the first quarter. Vanguard Group Inc. now owns 4,555,857 shares of the company’s stock worth $99,546,000 after purchasing an additional 184,983 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in Guess’ during the fourth quarter worth approximately $3,718,000. Finally, Two Sigma Investments LP increased its position in Guess’ by 56.6% during the fourth quarter. Two Sigma Investments LP now owns 485,937 shares of the company’s stock worth $10,054,000 after purchasing an additional 175,627 shares during the last quarter. Institutional investors and hedge funds own 58.81% of the company’s stock.

Guess’ Company Profile

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Guess?, Inc engages in designing, marketing, distributing and licensing of contemporary apparel and accessories for men, women and children that reflect the American lifestyle and European fashion sensibilities. It operates through the following segments: Americas Retail, Americas Wholesale, Europe, Asia, and Licensing.