Guess? (NYSE:GES) Shares Down 5.9% - What's Next?

Guess?, Inc. (NYSE:GES - Get Free Report) shares dropped 5.9% on Monday . The stock traded as low as $10.04 and last traded at $10.37. Approximately 365,364 shares were traded during mid-day trading, a decline of 71% from the average daily volume of 1,239,957 shares. The stock had previously closed at $11.02.

Analysts Set New Price Targets

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

Guess? Stock Performance

The stock's 50-day moving average is $11.16 and its 200-day moving average is $14.38. The company has a current ratio of 1.54, a quick ratio of 0.74 and a debt-to-equity ratio of 1.18. The stock has a market cap of $514.31 million, a price-to-earnings ratio of 8.40 and a beta of 1.43.

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

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Guess? Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Wednesday, April 16th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $1.20 dividend on an annualized basis and a yield of 12.01%. Guess?'s dividend payout ratio (DPR) is presently 187.50%.

Guess? declared that its board has approved a stock buyback plan on Tuesday, March 25th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the company to repurchase up to 38.5% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its stock is undervalued.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in GES. Parallel Advisors LLC grew its position in shares of 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 acquiring an additional 2,467 shares in the last quarter. EMC Capital Management lifted its holdings in shares of Guess? by 158.0% in the 4th quarter. EMC Capital Management now owns 9,908 shares of the company's stock worth $139,000 after purchasing an additional 6,068 shares during the last quarter. Freestone Grove Partners LP acquired a new position in shares of Guess? during the fourth quarter valued at $171,000. Point72 Hong Kong Ltd bought a new position in shares of Guess? during the fourth quarter worth about $175,000. Finally, Jump Financial LLC acquired a new stake in shares of Guess? in the 4th quarter worth about $191,000. 61.74% of the stock is owned by institutional investors and hedge funds.

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.