Guess? (NYSE:GES) Hits New 12-Month Low - Here's What Happened

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

Analyst Ratings Changes

A number of analysts have commented on GES shares. UBS Group reduced their price objective on Guess? from $18.00 to $16.00 and set a "neutral" rating for the company in a research report on Wednesday, November 27th. Telsey Advisory Group dropped their price objective on shares of 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 research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $25.00.

Guess? Price Performance

The business has a fifty day moving average of $15.50 and a two-hundred day moving average of $18.72. The firm has a market capitalization of $672.54 million, a price-to-earnings ratio of 10.98 and a beta of 1.90. 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 issued 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). The business had revenue of $738.52 million during the quarter, compared to analyst estimates of $747.36 million. Guess? had a return on equity of 23.29% and a net margin of 3.19%. Guess?'s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.49 EPS. As a group, research analysts predict that Guess?, Inc. will post 1.92 EPS for the current fiscal year.

Guess? Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Wednesday, December 11th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 9.18%. The ex-dividend date of this dividend was Wednesday, December 11th. Guess?'s payout ratio is currently 100.84%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of GES. Sanctuary Advisors LLC boosted its holdings in Guess? by 8,708.5% during the 3rd quarter. Sanctuary Advisors LLC now owns 691,030 shares of the company's stock worth $13,910,000 after acquiring an additional 683,185 shares during the last quarter. Geode Capital Management LLC grew its position in 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 in the last quarter. Quarry LP grew its holdings in shares of Guess? by 216.9% in the third quarter. Quarry LP now owns 3,359 shares of the company's stock valued at $68,000 after acquiring an additional 2,299 shares in the last quarter. BNP Paribas Financial Markets grew its stake in Guess? by 2.2% in 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 period. Finally, Quantbot Technologies LP boosted its holdings in shares of Guess? by 4.0% in the 3rd quarter. Quantbot Technologies LP now owns 112,139 shares of the company's stock worth $2,257,000 after buying an additional 4,284 shares during the last quarter. 61.74% of the stock is 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.