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

Guess?, Inc. (NYSE:GES - Get Free Report) reached a new 52-week low on Wednesday . The stock traded as low as $8.55 and last traded at $8.68, with a volume of 2551493 shares. The stock had previously closed at $9.74.

Analyst Ratings Changes

Several brokerages recently weighed in on GES. UBS Group decreased their target price on Guess? from $15.00 to $12.00 and set a "neutral" rating for the company in a research note on Tuesday, March 11th. Telsey Advisory Group restated a "market perform" rating and issued a $13.00 price objective on shares of Guess? in a research note on Friday, April 4th.

Guess? Trading Up 3.8 %

The firm has a market capitalization of $531.04 million, a price-to-earnings ratio of 8.67 and a beta of 1.43. The company has a quick ratio of 0.74, a current ratio of 1.54 and a debt-to-equity ratio of 1.18. The business has a 50-day moving average of $11.16 and a two-hundred day moving average of $14.34.

Guess? (NYSE:GES - Get Free Report) last announced its quarterly earnings results on Thursday, April 3rd. The company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.07. The firm had revenue of $932.25 million for the quarter, compared to analyst estimates of $916.75 million. Guess? had a net margin of 3.19% and a return on equity of 23.29%. The business's revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.01 EPS. Research analysts predict that Guess?, Inc. will post 1.92 EPS for the current fiscal year.

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Guess? Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Wednesday, April 16th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 11.63%. The ex-dividend date is Wednesday, April 16th. Guess?'s dividend payout ratio is 187.50%.

Guess? declared that its board has approved a share buyback plan on Tuesday, March 25th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 38.5% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Geode Capital Management LLC grew its holdings in Guess? by 6.8% during the 3rd quarter. Geode Capital Management LLC now owns 311,496 shares of the company's stock worth $6,274,000 after acquiring an additional 19,750 shares during the last quarter. Wedge Capital Management L L P NC lifted its position in shares of Guess? by 8.9% during the fourth quarter. Wedge Capital Management L L P NC now owns 72,396 shares of the company's stock worth $1,018,000 after purchasing an additional 5,906 shares in the last quarter. KBC Group NV bought a new stake in shares of Guess? during the fourth quarter valued at approximately $2,349,000. EMC Capital Management increased its holdings in shares of Guess? by 158.0% in the fourth quarter. EMC Capital Management now owns 9,908 shares of the company's stock valued at $139,000 after purchasing an additional 6,068 shares in the last quarter. Finally, Verity Asset Management Inc. raised its position in Guess? by 41.5% in the 4th quarter. Verity Asset Management Inc. now owns 22,972 shares of the company's stock worth $323,000 after purchasing an additional 6,738 shares during the last quarter. Institutional investors own 61.74% of the company's stock.

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.