Guess? (NYSE:GES) Hits New 1-Year Low - Time to Sell?

Guess?, Inc. (NYSE:GES - Get Free Report) shares hit a new 52-week low during trading on Tuesday . The stock traded as low as $18.46 and last traded at $18.47, with a volume of 188831 shares traded. The stock had previously closed at $18.82.

Analyst Upgrades and Downgrades

GES has been the topic of several recent research reports. UBS Group lowered their target price 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 decreased their price objective 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. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $27.25.

Guess? Price Performance

The business's 50 day moving average is $19.92 and its 200-day moving average is $22.46. The firm has a market capitalization of $987.02 million, a P/E ratio of 5.50 and a beta of 1.92. The company has a quick ratio of 0.76, a current ratio of 1.47 and a debt-to-equity ratio of 1.01.

Guess? (NYSE:GES - Get Free Report) last posted its earnings results on Wednesday, August 28th. The company reported $0.42 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.01). The company had revenue of $732.60 million for the quarter, compared to the consensus estimate of $729.96 million. Guess? had a return on equity of 24.18% and a net margin of 6.05%. The business's quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.72 EPS. As a group, sell-side analysts predict that Guess?, Inc. will post 2.63 EPS for the current fiscal year.

Guess? Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Wednesday, September 11th were paid a dividend of $0.30 per share. The ex-dividend date was Wednesday, September 11th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.51%. Guess?'s payout ratio is presently 35.82%.

Institutional Trading of Guess?

A number of hedge funds and other institutional investors have recently modified their holdings of GES. Quest Partners LLC lifted its holdings in shares of Guess? by 186.2% during the second quarter. Quest Partners LLC now owns 1,305 shares of the company's stock worth $27,000 after purchasing an additional 849 shares during the period. Headlands Technologies LLC acquired a new position in shares of Guess? during the first quarter worth $60,000. Sanctuary Advisors LLC acquired a new position in shares of Guess? during the second quarter worth $160,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Guess? by 72.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,092 shares of the company's stock worth $206,000 after purchasing an additional 4,254 shares during the period. Finally, Janney Montgomery Scott LLC acquired a new position in shares of Guess? during the first quarter worth $208,000. Institutional investors own 61.74% of the company's stock.

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.