Guess? (NYSE:GES) Price Target Lowered to $22.00 at UBS Group

Guess? (NYSE:GES - Free Report) had its target price lowered by UBS Group from $24.00 to $22.00 in a research report sent to investors on Friday, Benzinga reports. UBS Group currently has a neutral rating on the stock.

Several other research analysts have also recently issued reports on GES. StockNews.com cut Guess? from a buy rating to a hold rating in a research note on Monday, June 3rd. Telsey Advisory Group decreased their target price on Guess? from $26.00 to $21.00 and set a market perform rating for the company in a research note on Thursday. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and an average price target of $27.25.

Guess? Stock Performance

NYSE GES traded up $0.20 during trading hours on Friday, hitting $20.71. The company had a trading volume of 1,473,395 shares, compared to its average volume of 1,224,516. Guess? has a fifty-two week low of $19.58 and a fifty-two week high of $33.50. The firm has a market cap of $1.11 billion, a P/E ratio of 6.18 and a beta of 1.91. The business has a fifty day simple moving average of $21.85 and a 200-day simple moving average of $24.46. The company has a quick ratio of 0.85, a current ratio of 1.57 and a debt-to-equity ratio of 0.92.

Guess? (NYSE:GES - Get Free Report) last released its quarterly 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). Guess? had a return on equity of 26.92% and a net margin of 7.97%. The business had revenue of $732.60 million during the quarter, compared to the consensus estimate of $729.96 million. During the same period in the previous year, the company posted $0.72 EPS. The company's revenue for the quarter was up 10.2% compared to the same quarter last year. Equities analysts predict that Guess? will post 2.88 EPS for the current year.

Guess? Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Wednesday, September 11th will be paid a dividend of $0.30 per share. The ex-dividend date is Wednesday, September 11th. This represents a $1.20 annualized dividend and a yield of 5.79%. Guess?'s dividend payout ratio is currently 35.82%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of GES. Quest Partners LLC boosted its position in shares of Guess? by 186.2% in the 2nd quarter. Quest Partners LLC now owns 1,305 shares of the company's stock valued at $27,000 after purchasing an additional 849 shares during the period. Headlands Technologies LLC acquired a new position in shares of Guess? in the 1st quarter valued at $60,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Guess? by 19.3% in the 4th 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 period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Guess? by 72.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,092 shares of the company's stock valued at $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? in the 1st quarter valued at $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.