Shares of Guess?, Inc. (NYSE:GES) were down 6.4% on Thursday . The company traded as low as $15.49 and last traded at $15.77, approximately 1,637,190 shares changed hands during trading. A decline of 1% from the average daily volume of 1,661,454 shares. The stock had previously closed at $16.85.
Several analysts have weighed in on GES shares. ValuEngine lowered Guess? from a “hold” rating to a “sell” rating in a report on Monday, May 20th. B. Riley set a $29.00 target price on Guess? and gave the company a “buy” rating in a report on Friday, May 17th. Telsey Advisory Group reissued a “market perform” rating and issued a $19.00 target price (down previously from $22.00) on shares of Guess? in a report on Tuesday, April 23rd. Finally, Zacks Investment Research raised Guess? from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 21st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. Guess? has an average rating of “Hold” and a consensus price target of $23.50.
The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.68 and a current ratio of 1.42. The stock has a market capitalization of $1.21 billion, a P/E ratio of 16.78, a price-to-earnings-growth ratio of 0.77 and a beta of 0.41. The stock’s fifty day simple moving average is $15.96.
Guess? (NYSE:GES) last posted its earnings results on Thursday, June 6th. The company reported ($0.25) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.26) by $0.01. The company had revenue of $537.00 million for the quarter, compared to analyst estimates of $536.78 million. Guess? had a return on equity of 10.10% and a net margin of 0.53%. Guess?’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.23) earnings per share. Sell-side analysts forecast that Guess?, Inc. will post 1.26 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Wednesday, June 19th were issued a $0.112 dividend. This represents a $0.45 annualized dividend and a yield of 2.73%. The ex-dividend date was Tuesday, June 18th. Guess?’s dividend payout ratio (DPR) is 45.92%.
In other news, CEO Carlos Alberini bought 347,353 shares of the stock in a transaction on Thursday, June 13th. The shares were bought at an average price of $14.32 per share, with a total value of $4,974,094.96. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gianluca Bolla bought 10,000 shares of the stock in a transaction on Wednesday, June 12th. The stock was purchased at an average cost of $14.73 per share, for a total transaction of $147,300.00. Following the acquisition, the director now directly owns 85,552 shares of the company’s stock, valued at approximately $1,260,180.96. The disclosure for this purchase can be found here. 34.90% of the stock is currently owned by corporate insiders.
Large investors have recently modified their holdings of the company. Metropolitan Life Insurance Co. NY lifted its position in shares of Guess? by 336.5% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 18,670 shares of the company’s stock valued at $388,000 after acquiring an additional 14,393 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of Guess? in the first quarter valued at $29,000. SG Americas Securities LLC purchased a new stake in shares of Guess? in the first quarter valued at $289,000. Norges Bank purchased a new stake in shares of Guess? in the fourth quarter valued at $22,055,000. Finally, Bank of America Corp DE lifted its position in shares of Guess? by 111.2% in the fourth quarter. Bank of America Corp DE now owns 174,291 shares of the company’s stock valued at $3,620,000 after acquiring an additional 91,773 shares in the last quarter. Institutional investors and hedge funds own 75.99% of the company’s stock.
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.
Further Reading: Buy-Side Analysts
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