Guess? (GES) Hits New 52-Week Low at $17.72

Guess?, Inc. (NYSE:GES)’s share price reached a new 52-week low during trading on Monday . The stock traded as low as $17.72 and last traded at $17.72, with a volume of 56516 shares changing hands. The stock had previously closed at $18.17.

Several equities analysts recently commented on GES shares. Jefferies Financial Group set a $24.00 price objective on Guess? and gave the company a “buy” rating in a research note on Thursday, March 21st. ValuEngine upgraded Guess? from a “hold” rating to a “buy” rating in a research note on Friday, February 8th. Finally, Zacks Investment Research downgraded Guess? from a “hold” rating to a “sell” rating in a research note on Tuesday, January 29th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $24.67.

The company has a debt-to-equity ratio of 0.04, a current ratio of 2.00 and a quick ratio of 1.14. The company has a market cap of $1.43 billion, a P/E ratio of 18.12, a P/E/G ratio of 0.85 and a beta of 0.21.

Guess? (NYSE:GES) last posted its quarterly earnings data on Wednesday, March 20th. The company reported $0.70 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.05). Guess? had a net margin of 0.54% and a return on equity of 9.39%. The firm had revenue of $837.00 million during the quarter, compared to analysts’ expectations of $831.15 million. During the same quarter in the previous year, the company posted $0.62 EPS. Guess?’s revenue for the quarter was up 5.7% on a year-over-year basis. Analysts expect that Guess?, Inc. will post 1.18 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 18th. Investors of record on Wednesday, April 3rd will be paid a $0.225 dividend. The ex-dividend date is Tuesday, April 2nd. This represents a $0.90 annualized dividend and a yield of 5.07%. Guess?’s payout ratio is 91.84%.

A number of institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its position in shares of Guess? by 238.0% during the third quarter. JPMorgan Chase & Co. now owns 53,743 shares of the company’s stock worth $1,215,000 after acquiring an additional 37,844 shares in the last quarter. BlackRock Inc. lifted its position in shares of Guess? by 1.8% during the third quarter. BlackRock Inc. now owns 8,116,668 shares of the company’s stock worth $183,437,000 after acquiring an additional 140,223 shares in the last quarter. United Services Automobile Association lifted its position in shares of Guess? by 27.9% during the third quarter. United Services Automobile Association now owns 14,411 shares of the company’s stock worth $326,000 after acquiring an additional 3,147 shares in the last quarter. Verition Fund Management LLC purchased a new stake in shares of Guess? during the third quarter worth $894,000. Finally, Putnam Investments LLC purchased a new stake in shares of Guess? during the third quarter worth $2,460,000. Institutional investors and hedge funds own 70.61% of the company’s stock.

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About Guess? (NYSE:GES)

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, knitwear, and intimate apparel.

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