Guess? (NYSE:GES) Sets New 52-Week Low - Here's What Happened

Shares of Guess?, Inc. (NYSE:GES - Get Free Report) reached a new 52-week low during trading on Friday . The stock traded as low as $16.77 and last traded at $16.85, with a volume of 86314 shares trading hands. The stock had previously closed at $16.94.

Analyst Ratings Changes

Several equities analysts have recently issued reports on GES shares. Telsey Advisory Group decreased their price objective on Guess? from $26.00 to $21.00 and set a "market perform" rating for the company in a report on Thursday, August 29th. UBS Group decreased their price target on Guess? from $24.00 to $22.00 and set a "neutral" rating for the company in a report on Friday, August 30th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $27.25.

Guess? Stock Performance

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 firm has a market capitalization of $862.31 million, a PE ratio of 6.76 and a beta of 1.94. The firm's 50 day moving average price is $18.64 and its 200-day moving average price is $21.32.

Guess? (NYSE:GES - Get Free Report) last issued its quarterly earnings results on Wednesday, August 28th. The company reported $0.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by ($0.01). The business had revenue of $732.60 million for the quarter, compared to analysts' expectations of $729.96 million. Guess? had a return on equity of 24.18% and a net margin of 6.05%. The business's revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.72 EPS. On average, research analysts expect that Guess?, Inc. will post 2.63 EPS for the current year.

Guess? Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Wednesday, September 11th were given a $0.30 dividend. The ex-dividend date was Wednesday, September 11th. This represents a $1.20 annualized dividend and a dividend yield of 7.16%. Guess?'s dividend payout ratio (DPR) is 48.39%.

Institutional Investors Weigh In On Guess?

Several large investors have recently bought and sold shares of the company. Pacer Advisors Inc. acquired a new stake in Guess? during the 2nd quarter worth $82,286,000. Millennium Management LLC boosted its position in Guess? by 2,180.2% during the second quarter. Millennium Management LLC now owns 1,370,131 shares of the company's stock worth $27,951,000 after acquiring an additional 1,310,042 shares during the last quarter. Vanguard Group Inc. grew its stake in Guess? by 15.7% during the 1st quarter. Vanguard Group Inc. now owns 3,879,570 shares of the company's stock valued at $122,090,000 after acquiring an additional 525,064 shares in the last quarter. Hennessy Advisors Inc. raised its holdings in Guess? by 41.6% in the 2nd quarter. Hennessy Advisors Inc. now owns 1,615,800 shares of the company's stock valued at $32,962,000 after acquiring an additional 474,700 shares during the last quarter. Finally, Bank of Montreal Can lifted its stake in Guess? by 75.7% in the 2nd quarter. Bank of Montreal Can now owns 914,447 shares of the company's stock worth $19,039,000 after purchasing an additional 394,023 shares in the last quarter. 61.74% of the stock is currently owned by hedge funds and other 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.