Guess? (NYSE:GES) Hits New 12-Month Low – Time to Sell?

Guess?, Inc. (NYSE:GES)’s share price hit a new 52-week low on Tuesday . The stock traded as low as $11.94 and last traded at $12.04, with a volume of 47362 shares changing hands. The stock had previously closed at $12.11.

Analyst Ratings Changes

Several research analysts recently commented on GES shares. Telsey Advisory Group cut their price target on Guess? from $21.00 to $18.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 27th. UBS Group reduced their target price on Guess? from $18.00 to $16.00 and set a “neutral” rating for the company in a research note on Wednesday, November 27th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, Guess? currently has an average rating of “Hold” and a consensus price target of $25.00.

Guess? Price Performance

The stock has a market cap of $617.78 million, a price-to-earnings ratio of 10.09 and a beta of 1.88. The company has a 50 day simple moving average of $13.92 and a 200-day simple moving average of $17.49. The company has a quick ratio of 0.74, a current ratio of 1.54 and a debt-to-equity ratio of 1.18.

Guess? (NYSE:GES) last announced its quarterly earnings data on Tuesday, November 26th. 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 3.19% and a return on equity of 23.29%. The business had revenue of $738.52 million for the quarter, compared to the consensus estimate of $747.36 million. During the same period in the prior year, the company earned $0.49 EPS. Guess?’s quarterly revenue was up 13.4% on a year-over-year basis. As a group, research analysts anticipate that Guess?, Inc. will post 1.92 EPS for the current fiscal year.

Guess? Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Wednesday, December 11th were given a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $1.20 dividend on an annualized basis and a yield of 10.00%. Guess?’s dividend payout ratio (DPR) is 100.84%.

Institutional Investors Weigh In On Guess?

Hedge funds and other institutional investors have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. lifted its stake in Guess? by 13.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,383,177 shares of the company’s stock valued at $19,447,000 after buying an additional 167,782 shares in the last quarter. BNP Paribas Financial Markets lifted 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 acquiring an additional 20,054 shares in the last quarter. Bank of Montreal Can boosted its stake in Guess? by 2.3% in the 3rd quarter. Bank of Montreal Can now owns 935,426 shares of the company’s stock worth $18,783,000 after purchasing an additional 20,979 shares during the period. Sanctuary Advisors LLC grew its position in Guess? by 3.5% during the 4th quarter. Sanctuary Advisors LLC now owns 715,343 shares of the company’s stock worth $9,514,000 after purchasing an additional 24,313 shares in the last quarter. Finally, Geode Capital Management LLC raised 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 during the period. 61.74% of the stock is currently owned by institutional investors.

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.