Guess? (NYSE:GES) Given "Market Perform" Rating at Telsey Advisory Group

Telsey Advisory Group restated their market perform rating on shares of Guess? (NYSE:GES - Free Report) in a research note issued to investors on Friday,Benzinga reports. They currently have a $13.00 price objective on the stock.

Separately, UBS Group cut their price target on shares of Guess? from $15.00 to $12.00 and set a "neutral" rating for the company in a research note on Tuesday, March 11th.

Guess? Stock Performance

NYSE GES traded up $1.06 during midday trading on Friday, hitting $9.72. The company had a trading volume of 890,816 shares, compared to its average volume of 1,253,891. The firm has a fifty day simple moving average of $11.35 and a two-hundred day simple moving average of $14.60. Guess? has a fifty-two week low of $8.23 and a fifty-two week high of $30.78. The company has a quick ratio of 0.74, a current ratio of 1.54 and a debt-to-equity ratio of 1.18. The stock has a market cap of $500.16 million, a price-to-earnings ratio of 8.17 and a beta of 1.43.

Guess? (NYSE:GES - Get Free Report) last released its earnings results 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. Guess? had a return on equity of 23.29% and a net margin of 3.19%. The business had revenue of $932.25 million for the quarter, compared to the consensus estimate of $916.75 million. During the same period last year, the business earned $2.01 earnings per share. The firm's revenue for the quarter was up 4.6% compared to the same quarter last year. Equities analysts forecast that Guess? will post 1.92 earnings per share for the current fiscal year.

Remove Ads

Guess? announced that its Board of Directors has approved a stock repurchase program on Tuesday, March 25th that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the company to buy up to 38.5% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its shares are undervalued.

Guess? Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Wednesday, April 16th will be issued 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 12.35%. Guess?'s dividend payout ratio is 187.50%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Millennium Management LLC increased its position in Guess? by 160.2% in the 4th quarter. Millennium Management LLC now owns 1,159,249 shares of the company's stock valued at $16,299,000 after acquiring an additional 713,666 shares in the last quarter. Sanctuary Advisors LLC increased its stake in shares of Guess? by 8,708.5% in the 3rd quarter. Sanctuary Advisors LLC now owns 691,030 shares of the company's stock valued at $13,910,000 after buying an additional 683,185 shares during the period. Natixis lifted its stake in shares of Guess? by 743.5% during the fourth quarter. Natixis now owns 285,100 shares of the company's stock valued at $4,009,000 after acquiring an additional 251,300 shares during the period. Vanguard Group Inc. boosted its holdings in Guess? by 7.6% in the fourth quarter. Vanguard Group Inc. now owns 3,274,565 shares of the company's stock valued at $46,040,000 after acquiring an additional 231,926 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Guess? by 7.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,290,336 shares of the company's stock worth $46,261,000 after purchasing an additional 228,601 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.