Guess? (NYSE:GES) Reaches New 12-Month Low Following Weak Earnings

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

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

Guess? Announces Dividend

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

Analyst Ratings Changes

Several analysts recently issued reports on the company. UBS Group cut their target price 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 dropped their price target on Guess? from $21.00 to $18.00 and set a “market perform” rating for the company in a research note on Wednesday. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $25.00.

Hedge Funds Weigh In On Guess?

A number of institutional investors have recently added to or reduced their stakes in GES. Quest Partners LLC grew its position in shares of Guess? by 186.2% in the 2nd quarter. Quest Partners LLC now owns 1,305 shares of the company’s stock worth $27,000 after buying an additional 849 shares during the period. Quarry LP grew its holdings in Guess? by 216.9% in the third 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 period. Sanctuary Advisors LLC bought a new position in shares of Guess? during the second quarter valued at approximately $160,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Guess? by 72.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,092 shares of the company’s stock worth $206,000 after purchasing an additional 4,254 shares in the last quarter. Finally, Optimist Retirement Group LLC purchased a new stake in shares of Guess? in the 2nd quarter worth approximately $212,000. Institutional investors own 61.74% of the company’s stock.

Guess? Trading Down 5.4 %

The stock has a 50-day moving average of $18.19 and a two-hundred day moving average of $20.71. The company has a market cap of $842.81 million, a P/E ratio of 6.61 and a beta of 1.94. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.76 and a current ratio of 1.47.

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.