Guess? (NYSE:GES) Stock Price Down 4% - Time to Sell?

Guess?, Inc. (NYSE:GES - Get Free Report) dropped 4% on Tuesday . The company traded as low as $10.03 and last traded at $10.01. Approximately 146,110 shares were traded during trading, a decline of 88% from the average daily volume of 1,248,865 shares. The stock had previously closed at $10.43.

Analysts Set New Price Targets

A number of research firms have recently issued reports on GES. Telsey Advisory Group reissued a "market perform" rating and set a $13.00 price target on shares of Guess? in a research report on Friday, April 4th. UBS Group dropped their target price on shares of Guess? from $15.00 to $12.00 and set a "neutral" rating on the stock in a report on Tuesday, March 11th.

Guess? Stock Performance

The company has a debt-to-equity ratio of 1.18, a current ratio of 1.54 and a quick ratio of 0.74. The company has a market cap of $498.98 million, a PE ratio of 8.15 and a beta of 1.43. The business has a fifty day simple moving average of $10.91 and a two-hundred day simple moving average of $14.07.

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

Guess? Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Wednesday, April 16th will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, April 16th. This represents a $1.20 dividend on an annualized basis and a yield of 12.37%. Guess?'s payout ratio is 187.50%.

Guess? declared that its board has initiated a stock buyback program on Tuesday, March 25th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 38.5% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's management believes its shares are undervalued.

Institutional Trading of Guess?

Hedge funds and other institutional investors have recently made changes to their positions in the business. Comerica Bank increased its position in Guess? by 6.2% during the 4th quarter. Comerica Bank now owns 31,906 shares of the company's stock valued at $449,000 after buying an additional 1,852 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Guess? by 713.0% during the first quarter. GAMMA Investing LLC now owns 2,317 shares of the company's stock worth $26,000 after acquiring an additional 2,032 shares during the last quarter. Algert Global LLC raised its position in shares of Guess? by 2.8% in the 4th quarter. Algert Global LLC now owns 89,903 shares of the company's stock valued at $1,264,000 after purchasing an additional 2,435 shares during the last quarter. Parallel Advisors LLC boosted its stake in Guess? by 9,137.0% in the 1st quarter. Parallel Advisors LLC now owns 2,494 shares of the company's stock worth $28,000 after purchasing an additional 2,467 shares in the last quarter. Finally, AlphaQuest LLC grew its position in Guess? by 17.6% during the 4th quarter. AlphaQuest LLC now owns 20,498 shares of the company's stock worth $288,000 after purchasing an additional 3,070 shares during the last quarter. Hedge funds and other 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.