Guess? (NYSE:GES) Reaches New 52-Week Low at $19.46

Guess?, Inc. (NYSE:GES - Get Free Report) shares hit a new 52-week low on Wednesday . The stock traded as low as $19.46 and last traded at $19.56, with a volume of 568236 shares. The stock had previously closed at $19.97.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. UBS Group dropped their price objective on shares of Guess? from $24.00 to $22.00 and set a "neutral" rating on the stock in a report on Friday, August 30th. Telsey Advisory Group dropped their price target on shares of Guess? from $26.00 to $21.00 and set a "market perform" rating on the stock in a research note on Thursday, August 29th. Finally, StockNews.com lowered shares of Guess? from a "buy" rating to a "hold" rating in a research note on Monday, June 3rd. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $27.25.

Guess? Stock Performance

The business's fifty day moving average price is $21.84 and its 200-day moving average price is $24.41. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.47 and a quick ratio of 0.85. The stock has a market capitalization of $1.06 billion, a PE ratio of 5.88 and a beta of 1.91.

Guess? (NYSE:GES - Get Free Report) last posted 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). The firm had revenue of $732.60 million during the quarter, compared to analysts' expectations of $729.96 million. Guess? had a return on equity of 24.59% and a net margin of 6.05%. The business's revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.72 earnings per share. As a group, equities research analysts expect that Guess?, Inc. will post 2.63 EPS for the current year.

Guess? Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Wednesday, September 11th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, September 11th. This represents a $1.20 annualized dividend and a dividend yield of 6.08%. Guess?'s payout ratio is currently 35.82%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Guess? by 19.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,838 shares of the company's stock valued at $135,000 after purchasing an additional 944 shares during the last quarter. New York State Common Retirement Fund grew its position in Guess? by 388.9% in the fourth quarter. New York State Common Retirement Fund now owns 62,448 shares of the company's stock worth $1,440,000 after acquiring an additional 49,675 shares in the last quarter. Yousif Capital Management LLC increased its stake in Guess? by 20.1% in the fourth quarter. Yousif Capital Management LLC now owns 16,427 shares of the company's stock valued at $379,000 after acquiring an additional 2,747 shares during the last quarter. Russell Investments Group Ltd. purchased a new stake in Guess? during the fourth quarter valued at about $422,000. Finally, Victory Capital Management Inc. lifted its stake in Guess? by 90.1% during the fourth quarter. Victory Capital Management Inc. now owns 324,777 shares of the company's stock worth $7,489,000 after purchasing an additional 153,954 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.