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

Shares of Guess?, Inc. (NYSE:GES - Get Free Report) hit a new 52-week low on Tuesday . The stock traded as low as $16.78 and last traded at $16.98, with a volume of 50854 shares traded. The stock had previously closed at $17.15.

Analyst Ratings Changes

GES has been the subject of several research reports. Telsey Advisory Group lowered their target price 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 reduced their price target on Guess? from $24.00 to $22.00 and set a "neutral" rating for the company in a research report on Friday, August 30th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $27.25.

Guess? Trading Down 1.2 %

The stock has a market capitalization of $871.05 million, a P/E ratio of 6.83 and a beta of 1.94. The company has a current ratio of 1.47, a quick ratio of 0.76 and a debt-to-equity ratio of 1.01. The company has a 50-day moving average price of $19.09 and a 200 day moving average price of $21.76.

Guess? (NYSE:GES - Get Free Report) last announced its earnings results on Wednesday, August 28th. The company reported $0.42 earnings per share (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 for the quarter, compared to analyst estimates of $729.96 million. During the same period in the prior year, the company earned $0.72 earnings per share. The company's quarterly revenue was up 10.2% on a year-over-year basis. On average, research analysts forecast that Guess?, Inc. will post 2.63 earnings per share for the current fiscal year.

Guess? Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Wednesday, September 11th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 7.08%. The ex-dividend date was Wednesday, September 11th. Guess?'s dividend payout ratio is currently 48.39%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in shares of Guess? in the first quarter valued at about $4,029,000. Natixis purchased a new stake in shares of Guess? in the first quarter worth about $963,000. Vanguard Group Inc. boosted its stake in shares of Guess? by 15.7% in the first quarter. Vanguard Group Inc. now owns 3,879,570 shares of the company's stock worth $122,090,000 after buying an additional 525,064 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Guess? by 76.2% in the first quarter. BNP Paribas Financial Markets now owns 776,859 shares of the company's stock worth $24,448,000 after buying an additional 335,947 shares during the last quarter. Finally, TCW Group Inc. boosted its stake in shares of Guess? by 110.6% in the second quarter. TCW Group Inc. now owns 78,693 shares of the company's stock worth $1,605,000 after buying an additional 41,331 shares during the last quarter. 61.74% of the stock is owned by institutional investors and hedge funds.

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.