Guess? (NYSE:GES) Hits New 12-Month Low After Earnings Miss

Guess?, Inc. (NYSE:GES) shares reached a new 52-week low during trading on Wednesday following a weaker than expected earnings announcement. The company traded as low as $15.28 and last traded at $15.28, with a volume of 67902 shares changing hands. The stock had previously closed at $17.33.

The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.03). Guess? had a net margin of 6.05% and a return on equity of 24.18%. The business had revenue of $738.52 million for the quarter, compared to analyst estimates of $747.36 million. During the same period last year, the firm earned $0.49 earnings per share. The company’s quarterly revenue was up 13.4% on a year-over-year basis.

Guess? Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Wednesday, December 11th will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, December 11th. This represents a $1.20 dividend on an annualized basis and a yield of 7.32%. Guess?’s dividend payout ratio (DPR) is 48.39%.

Analysts Set New Price Targets

GES has been the topic of a number of recent research reports. UBS Group reduced their price objective on Guess? from $18.00 to $16.00 and set a “neutral” rating on the stock in a research note on Wednesday. Telsey Advisory Group reduced their price target on Guess? from $21.00 to $18.00 and set a “market perform” rating on the stock in a research report on Wednesday. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $25.00.

Hedge Funds Weigh In On Guess?

Institutional investors have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC grew its stake in shares of Guess? by 8,708.5% during the third quarter. Sanctuary Advisors LLC now owns 691,030 shares of the company’s stock valued at $13,910,000 after acquiring an additional 683,185 shares in the last quarter. Geode Capital Management LLC grew its stake in Guess? by 6.8% during the 3rd quarter. Geode Capital Management LLC now owns 311,496 shares of the company’s stock valued at $6,274,000 after purchasing an additional 19,750 shares in the last quarter. Quarry LP increased its holdings in Guess? by 216.9% during the 3rd quarter. Quarry LP now owns 3,359 shares of the company’s stock worth $68,000 after purchasing an additional 2,299 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of Guess? by 2.2% in the 3rd 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. Finally, Quantbot Technologies LP boosted its stake in shares of Guess? by 4.0% during the 3rd quarter. Quantbot Technologies LP now owns 112,139 shares of the company’s stock valued at $2,257,000 after buying an additional 4,284 shares during the last quarter. Institutional investors and hedge funds own 61.74% of the company’s stock.

Guess? Stock Performance

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 has a 50 day moving average price of $18.26 and a 200 day moving average price of $20.74. The company has a market capitalization of $842.77 million, a PE ratio of 6.61 and a beta of 1.94.

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.