Guess Inc. (GES) Stock Price Down 2.1%
Guess Inc. (NYSE:GES) fell 2.1% during mid-day trading on Tuesday . The stock traded as low as $14.64 and last traded at $14.66, with a volume of 340,875 shares. The stock had previously closed at $14.98.
Several brokerages recently weighed in on GES. Zacks Investment Research lowered Guess from a “buy” rating to a “hold” rating in a research report on Thursday, September 8th. B. Riley reaffirmed a “buy” rating and issued a $21.00 target price on shares of Guess in a research report on Tuesday, August 30th. Jefferies Group increased their target price on Guess from $16.00 to $17.00 and gave the stock a “hold” rating in a research report on Thursday, August 25th. Telsey Advisory Group increased their target price on Guess from $16.00 to $17.00 and gave the stock a “market perform” rating in a research report on Thursday, August 25th. Finally, Piper Jaffray Cos. set a $12.00 target price on Guess and gave the stock a “sell” rating in a research report on Sunday, August 21st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $18.44.
The firm has a market capitalization of $1.24 billion, a P/E ratio of 18.48 and a beta of 0.85. The firm’s 50 day moving average is $15.44 and its 200 day moving average is $16.55.
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Guess (NYSE:GES) last posted its quarterly earnings data on Wednesday, August 24th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.07. Guess had a net margin of 3.10% and a return on equity of 5.16%. The firm had revenue of $545 million for the quarter, compared to analysts’ expectations of $551.53 million. During the same period in the previous year, the company posted $0.21 EPS. The company’s quarterly revenue was down .2% compared to the same quarter last year. Analysts predict that Guess Inc. will post $0.65 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 23rd. Shareholders of record on Wednesday, September 7th will be given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 6.13%. The ex-dividend date of this dividend is Friday, September 2nd. Guess’s payout ratio is 112.50%.
In other Guess news, Director Anthony Chidoni sold 4,000 shares of Guess stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $15.54, for a total transaction of $62,160.00. Following the transaction, the director now directly owns 157,744 shares in the company, valued at approximately $2,451,341.76. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 28.80% of the company’s stock.
A number of institutional investors have recently bought and sold shares of GES. Teacher Retirement System of Texas boosted its position in Guess by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 8,989 shares of the company’s stock valued at $135,000 after buying an additional 1,089 shares in the last quarter. Sei Investments Co. boosted its position in Guess by 0.6% in the second quarter. Sei Investments Co. now owns 9,587 shares of the company’s stock valued at $144,000 after buying an additional 60 shares in the last quarter. Bank of Montreal Can bought a new position in Guess during the second quarter valued at approximately $161,000. Northwestern Mutual Investment Management Company LLC boosted its position in Guess by 0.7% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 11,062 shares of the company’s stock valued at $166,000 after buying an additional 78 shares in the last quarter. Finally, Clinton Group Inc. bought a new position in Guess during the second quarter valued at approximately $188,000. Hedge funds and other institutional investors own 77.69% of the company’s stock.
Guess Company Profile
Guess?, Inc designs, markets, distributes and licenses a lifestyle collection of apparel and accessories for men, women and children. The Company operates through five segments: Americas Retail, which includes its retail and e-commerce operations in North and Central America and its retail operations in South America; Europe, which includes its wholesale, retail and e-commerce operations in Europe and the Middle East; Asia, which includes its retail, e-commerce and wholesale operations in Asia; Americas Wholesale, which includes its wholesale operations in the Americas, and Licensing, which includes licensing operations of the Company across the world.
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