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

Guess?, Inc. (NYSE:GES) fell 2.9% on Thursday . The company traded as low as $13.93 and last traded at $13.93. 232,800 shares changed 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.

Analysts Set New Price Targets

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

Guess? Trading Down 1.7 %

The business has a fifty day moving average price of $16.43 and a 200-day moving average price of $19.36. The company has a quick ratio of 0.74, a current ratio of 1.54 and a debt-to-equity ratio of 1.18. The company has a market cap of $702.90 million, a P/E ratio of 11.48 and a beta of 1.90.

Guess? (NYSE:GES) last released 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). The firm had revenue of $738.52 million during the quarter, compared to the consensus estimate of $747.36 million. Guess? had a net margin of 3.19% and a return on equity of 23.29%. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.49 earnings per share. On average, analysts forecast that Guess?, Inc. will post 1.92 earnings per share for the current year.

Guess? Announces Dividend

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

Institutional Trading of Guess?

A number of institutional investors have recently bought and sold shares of GES. Pacer Advisors Inc. bought a new stake in shares of Guess? in the second quarter valued at approximately $82,286,000. LSV Asset Management grew its holdings in shares of Guess? by 0.6% during the 2nd quarter. LSV Asset Management now owns 1,454,320 shares of the company’s stock worth $29,668,000 after purchasing an additional 9,100 shares in the last quarter. Millennium Management LLC increased its position in shares of Guess? by 2,180.2% in the second quarter. Millennium Management LLC now owns 1,370,131 shares of the company’s stock worth $27,951,000 after purchasing an additional 1,310,042 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Guess? by 4.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,215,395 shares of the company’s stock valued at $24,466,000 after purchasing an additional 54,990 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its stake in Guess? by 2.2% in the third quarter. BNP Paribas Financial Markets now owns 939,594 shares of the company’s stock valued at $18,914,000 after purchasing an additional 20,054 shares in the last quarter. Institutional investors own 61.74% of the company’s stock.

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.