Guess? (NYSE:GES) Sets New 52-Week Low – Time to Sell?

Shares of Guess?, Inc. (NYSE:GES) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $12.90 and last traded at $13.06, with a volume of 1196106 shares changing hands. The stock had previously closed at $13.55.

Analyst Upgrades and Downgrades

GES has been the subject of a number of analyst reports. UBS Group cut their price target on Guess? from $18.00 to $16.00 and set a “neutral” rating for the company in a report on Wednesday, November 27th. Telsey Advisory Group cut their target price on Guess? from $21.00 to $18.00 and set a “market perform” rating for the company in a research note on Wednesday, November 27th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $25.00.

Guess? Stock Up 2.0 %

The company has a fifty day moving average price of $15.42 and a 200 day moving average price of $18.68. The company has a market cap of $687.51 million, a PE ratio of 11.23 and a beta of 1.90. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.54 and a quick ratio of 0.74.

Guess? (NYSE:GES) last announced its quarterly earnings data on Tuesday, November 26th. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.03). Guess? had a net margin of 3.19% and a return on equity of 23.29%. The firm had revenue of $738.52 million for the quarter, compared to the consensus estimate of $747.36 million. During the same quarter last year, the company posted $0.49 earnings per share. Guess?’s revenue for the quarter was up 13.4% compared to the same quarter last year. As a group, analysts anticipate that Guess?, Inc. will post 1.92 EPS for the current year.

Guess? Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Wednesday, December 11th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 8.98%. The ex-dividend date of this dividend was Wednesday, December 11th. Guess?’s dividend payout ratio (DPR) is presently 100.84%.

Hedge Funds Weigh In On Guess?

Institutional investors and hedge funds have recently bought and sold shares of the stock. Pacer Advisors Inc. bought a new stake in Guess? during the 2nd quarter valued at $82,286,000. Millennium Management LLC grew its holdings in Guess? by 2,180.2% in the second quarter. Millennium Management LLC now owns 1,370,131 shares of the company’s stock worth $27,951,000 after purchasing an additional 1,310,042 shares during the period. Sanctuary Advisors LLC lifted its holdings 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 purchasing an additional 683,185 shares during the last quarter. Bank of Montreal Can raised its stake in Guess? by 75.7% during the second quarter. Bank of Montreal Can now owns 914,447 shares of the company’s stock valued at $19,039,000 after buying an additional 394,023 shares during the last quarter. Finally, Algert Global LLC purchased a new stake in shares of Guess? in the second quarter worth $1,862,000. 61.74% of the stock is currently owned by institutional investors.

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.