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

Guess?, Inc. (NYSE:GES) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $16.78 and last traded at $16.98, with a volume of 50854 shares changing hands. The stock had previously closed at $17.15.

Wall Street Analysts Forecast Growth

GES has been the subject of several analyst reports. Telsey Advisory Group dropped their target price on Guess? from $26.00 to $21.00 and set a “market perform” rating for the company in a research note on Thursday, August 29th. UBS Group decreased their target price on shares of Guess? from $24.00 to $22.00 and set a “neutral” rating on the stock in a research report on Friday, August 30th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Guess? presently has a consensus rating of “Hold” and a consensus target price of $27.25.

Guess? Trading Down 1.6 %

The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.76 and a current ratio of 1.47. The company has a market capitalization of $867.97 million, a PE ratio of 6.92 and a beta of 1.94. The business has a fifty day moving average price of $19.18 and a 200 day moving average price of $21.82.

Guess? (NYSE:GES) last posted its quarterly earnings results on Wednesday, August 28th. The company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.01). Guess? had a net margin of 6.05% and a return on equity of 24.18%. The business had revenue of $732.60 million during the quarter, compared to analysts’ expectations of $729.96 million. During the same quarter in the previous year, the business posted $0.72 EPS. The company’s quarterly revenue was up 10.2% on a year-over-year basis. Analysts expect that Guess?, Inc. will post 2.63 EPS for the current fiscal year.

Guess? Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Wednesday, September 11th were issued a $0.30 dividend. The ex-dividend date was Wednesday, September 11th. This represents a $1.20 dividend on an annualized basis and a yield of 7.11%. Guess?’s dividend payout ratio is currently 48.39%.

Institutional Investors Weigh In On Guess?

Hedge funds and other institutional investors have recently modified their holdings of the stock. Quest Partners LLC lifted its holdings in Guess? by 186.2% in the second quarter. Quest Partners LLC now owns 1,305 shares of the company’s stock worth $27,000 after acquiring an additional 849 shares during the last quarter. Headlands Technologies LLC bought a new position in Guess? during the 1st quarter worth $60,000. Sanctuary Advisors LLC acquired a new stake in Guess? in the second quarter worth $160,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Guess? by 72.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,092 shares of the company’s stock valued at $206,000 after buying an additional 4,254 shares during the last quarter. Finally, Janney Montgomery Scott LLC acquired a new position in shares of Guess? during the first quarter valued at $208,000. Institutional investors own 61.74% of the company’s stock.

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.