Guess?, Inc. Declares Quarterly Dividend of $0.23 (GES)
Guess? (NYSE:GES) declared a quarterly dividend on Wednesday, August 27th, AnalystRatingsNetwork reports. Investors of record on Wednesday, September 10th will be given a dividend of 0.225 per share on Friday, September 26th. This represents a $0.90 dividend on an annualized basis and a yield of 3.51%.
A number of analysts have recently weighed in on GES shares. Analysts at Standpoint Research upgraded shares of Guess? from a “hold” rating to a “buy” rating in a research note on Friday, August 22nd. They now have a $32.00 price target on the stock, down previously from $480.00. On the ratings front, analysts at Piper Jaffray downgraded shares of Guess? from an “overweight” rating to a “neutral” rating in a research note on Tuesday, August 19th. They now have a $25.00 price target on the stock, down previously from $29.00. Finally, analysts at Wunderlich initiated coverage on shares of Guess? in a research note on Thursday, August 14th. They set a “buy” rating and a $31.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $30.92.
Shares of Guess? (NYSE:GES) traded down 0.74% on Wednesday, hitting $25.64. 2,146,883 shares of the company’s stock traded hands. Guess? has a 52 week low of $24.60 and a 52 week high of $34.94. The stock has a 50-day moving average of $26.46 and a 200-day moving average of $27.44. The company has a market cap of $2.186 billion and a price-to-earnings ratio of 15.65. Guess? also was the target of unusually large options trading on Tuesday. Stock investors acquired 3,251 put options on the stock. This is an increase of approximately 444% compared to the average volume of 598 put options.
Guess? (NYSE:GES) last announced its earnings results on Wednesday, August 27th. The company reported $0.26 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.29 by $0.03. The company had revenue of $608.60 million for the quarter, compared to the consensus estimate of $617.91 million. During the same quarter in the prior year, the company posted $0.52 earnings per share. On average, analysts predict that Guess? will post $1.46 earnings per share for the current fiscal year.
Guess?, Inc (NYSE:GES) designs, markets, distributes and licenses apparel and accessories for men, women and children.
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