Guess? (NYSE:GES) Hits New 52-Week Low - Here's Why

Guess?, Inc. (NYSE:GES - Get Free Report) shares hit a new 52-week low on Tuesday . The company traded as low as $14.81 and last traded at $14.82, with a volume of 58465 shares. The stock had previously closed at $14.99.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Telsey Advisory Group decreased their target price on shares of Guess? from $21.00 to $18.00 and set a "market perform" rating on the stock in a research report on Wednesday, November 27th. UBS Group dropped their target price on Guess? from $18.00 to $16.00 and set a "neutral" rating for the company in a report 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $25.00.

Guess? Stock Performance

The company's 50-day moving average price is $17.36 and its 200 day moving average price is $19.88. The stock has a market capitalization of $749.21 million, a PE ratio of 12.24 and a beta of 1.89. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.74 and a current ratio of 1.54.

Guess? (NYSE:GES - Get Free Report) last posted its quarterly earnings data on Tuesday, November 26th. The company reported $0.34 earnings per share 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 period in the previous year, the firm posted $0.49 earnings per share. The business's revenue was up 13.4% compared to the same quarter last year. On average, equities research analysts expect that Guess?, Inc. will post 1.92 earnings per share for the current fiscal year.

Guess? Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Wednesday, December 11th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, December 11th. This represents a $1.20 dividend on an annualized basis and a yield of 8.24%. Guess?'s dividend payout ratio (DPR) is 100.84%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Sanctuary Advisors LLC increased its position in Guess? by 8,708.5% during the 3rd quarter. Sanctuary Advisors LLC now owns 691,030 shares of the company's stock valued at $13,910,000 after buying an additional 683,185 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Guess? by 6.8% in the 3rd quarter. Geode Capital Management LLC now owns 311,496 shares of the company's stock worth $6,274,000 after purchasing an additional 19,750 shares during the last quarter. Quarry LP boosted its stake in Guess? by 216.9% in the 3rd quarter. Quarry LP now owns 3,359 shares of the company's stock worth $68,000 after purchasing an additional 2,299 shares in the last quarter. BNP Paribas Financial Markets grew its position in Guess? by 2.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 939,594 shares of the company's stock valued at $18,914,000 after purchasing an additional 20,054 shares during the last quarter. Finally, Quantbot Technologies LP increased its stake in Guess? by 4.0% during the 3rd quarter. Quantbot Technologies LP now owns 112,139 shares of the company's stock valued at $2,257,000 after purchasing an additional 4,284 shares in the last quarter. 61.74% of the stock is owned by hedge funds and other 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.