Guess?, Inc. (NYSE:GES) traded down 5.5% during mid-day trading on Friday . The stock traded as low as $21.78 and last traded at $21.84. 679,961 shares changed hands during mid-day trading, a decline of 43% from the average session volume of 1,196,304 shares. The stock had previously closed at $23.10.
Several equities research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Guess? from a “buy” rating to a “hold” rating in a research note on Wednesday. Telsey Advisory Group raised their target price on shares of Guess? from $26.00 to $28.00 and gave the stock a “market perform” rating in a report on Thursday, August 30th. Finally, TheStreet raised shares of Guess? from a “c+” rating to a “b” rating in a research note on Thursday, August 30th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Guess? has an average rating of “Hold” and an average price target of $22.60.
The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.95 and a current ratio of 1.93. The stock has a market capitalization of $1.86 billion, a P/E ratio of 31.20, a PEG ratio of 1.28 and a beta of 0.19.
Guess? (NYSE:GES) last released its earnings results on Wednesday, November 28th. The company reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.03). The company had revenue of $605.00 million during the quarter, compared to analysts’ expectations of $603.08 million. Guess? had a negative net margin of 0.32% and a positive return on equity of 8.42%. The firm’s revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.12 earnings per share. On average, equities analysts anticipate that Guess?, Inc. will post 1.02 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Wednesday, December 12th will be paid a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 4.12%. The ex-dividend date of this dividend is Tuesday, December 11th. Guess?’s dividend payout ratio is presently 128.57%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Macquarie Group Ltd. increased its holdings in shares of Guess? by 19.5% in the 2nd quarter. Macquarie Group Ltd. now owns 14,700 shares of the company’s stock worth $315,000 after buying an additional 2,400 shares during the last quarter. Teachers Advisors LLC grew its holdings in shares of Guess? by 2.4% during the 3rd quarter. Teachers Advisors LLC now owns 112,150 shares of the company’s stock valued at $2,535,000 after purchasing an additional 2,635 shares during the last quarter. United Services Automobile Association grew its holdings in Guess? by 27.9% in the 3rd quarter. United Services Automobile Association now owns 14,411 shares of the company’s stock worth $326,000 after acquiring an additional 3,147 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in Guess? by 8.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 40,828 shares of the company’s stock worth $923,000 after acquiring an additional 3,280 shares during the last quarter. Finally, Aperio Group LLC grew its holdings in Guess? by 7.5% in the 3rd quarter. Aperio Group LLC now owns 50,044 shares of the company’s stock worth $1,131,000 after acquiring an additional 3,485 shares during the last quarter. Institutional investors and hedge funds own 70.61% of the company’s stock.
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Guess? Company Profile (NYSE:GES)
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, knitwear, and intimate apparel.
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