Guess? (NYSE:GES) Stock Price Down 4.4% – Here’s Why

Guess?, Inc. (NYSE:GES) was down 4.4% on Thursday . The company traded as low as $12.76 and last traded at $12.76. Approximately 365,951 shares traded hands during mid-day trading, a decline of 67% from the average daily volume of 1,121,676 shares. The stock had previously closed at $13.35.

Wall Street Analyst Weigh In

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

Guess? Price Performance

The stock has a market capitalization of $644.74 million, a P/E ratio of 10.61 and a beta of 1.90. The company’s 50 day simple moving average is $15.42 and its two-hundred day simple moving average is $18.68. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.54 and a quick ratio of 0.74.

Guess? (NYSE:GES) last released its quarterly earnings results on Tuesday, November 26th. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.03). Guess? had a return on equity of 23.29% and a net margin of 3.19%. The business had revenue of $738.52 million for the quarter, compared to the consensus estimate of $747.36 million. During the same quarter last year, the company earned $0.49 earnings per share. The firm’s revenue was up 13.4% on a year-over-year basis. As a group, equities analysts expect that Guess?, Inc. will post 1.92 EPS for the current fiscal 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 issued a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 9.58%. Guess?’s dividend payout ratio is 100.84%.

Institutional Investors Weigh In On Guess?

Hedge funds have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. acquired a new stake in shares of Guess? in the second quarter valued at approximately $82,286,000. Millennium Management LLC increased its stake in shares of Guess? by 2,180.2% in the 2nd quarter. Millennium Management LLC now owns 1,370,131 shares of the company’s stock valued at $27,951,000 after buying an additional 1,310,042 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Guess? by 4.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,215,395 shares of the company’s stock worth $24,466,000 after acquiring an additional 54,990 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Guess? by 2.2% during the third quarter. BNP Paribas Financial Markets now owns 939,594 shares of the company’s stock valued at $18,914,000 after acquiring an additional 20,054 shares during the period. Finally, Bank of Montreal Can lifted its stake in shares of Guess? by 2.3% during the third quarter. Bank of Montreal Can now owns 935,426 shares of the company’s stock valued at $18,783,000 after acquiring an additional 20,979 shares during the period. 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.