Guess? (NYSE:GES) Trading Down 3.1% – Here’s What Happened

Guess?, Inc. (NYSE:GES)’s share price was down 3.1% on Friday . The company traded as low as $19.11 and last traded at $19.19. Approximately 139,325 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 1,140,947 shares. The stock had previously closed at $19.81.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on GES shares. Telsey Advisory Group reduced their price objective on shares of Guess? from $26.00 to $21.00 and set a “market perform” rating for the company in a research note on Thursday, August 29th. UBS Group cut their target price on shares of Guess? from $24.00 to $22.00 and set a “neutral” rating for the company in a research note on Friday, August 30th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Guess? presently has a consensus rating of “Hold” and an average price target of $27.25.

Guess? Trading Down 3.2 %

The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 5.91 and a beta of 1.92. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.76 and a current ratio of 1.47. The company’s 50 day moving average is $20.11 and its 200 day moving average is $22.85.

Guess? (NYSE:GES) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.01). The business had revenue of $732.60 million during the quarter, compared to the consensus estimate of $729.96 million. Guess? had a net margin of 6.05% and a return on equity of 24.18%. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period last year, the firm earned $0.72 EPS. On average, research analysts forecast that Guess?, Inc. will post 2.63 EPS for the current fiscal year.

Guess? Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Wednesday, September 11th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 6.26%. The ex-dividend date of this dividend was Wednesday, September 11th. Guess?’s payout ratio is 35.82%.

Institutional Investors Weigh In On Guess?

A number of hedge funds have recently added to or reduced their stakes in GES. SummerHaven Investment Management LLC lifted its position in Guess? by 1.7% during the 2nd quarter. SummerHaven Investment Management LLC now owns 38,433 shares of the company’s stock valued at $784,000 after purchasing an additional 642 shares during the period. Quest Partners LLC raised its stake in shares of Guess? by 186.2% in the 2nd quarter. Quest Partners LLC now owns 1,305 shares of the company’s stock valued at $27,000 after purchasing an additional 849 shares during the period. EMC Capital Management boosted its position in Guess? by 10.0% during the 1st quarter. EMC Capital Management now owns 9,908 shares of the company’s stock worth $312,000 after acquiring an additional 903 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Guess? by 4.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 23,315 shares of the company’s stock valued at $734,000 after purchasing an additional 1,076 shares in the last quarter. Finally, 1620 Investment Advisors Inc. grew its holdings in shares of Guess? by 8.9% in the 2nd quarter. 1620 Investment Advisors Inc. now owns 21,510 shares of the company’s stock valued at $439,000 after acquiring an additional 1,753 shares in the last quarter. Institutional investors own 61.74% of the company’s stock.

About Guess?

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.