Guess Inc. (GES) Trading Down 5.5%
Guess Inc. (NYSE:GES)’s share price was down 5.5% during trading on Tuesday . The stock traded as low as $14.33 and last traded at $14.53, with a volume of 859,798 shares changing hands. The stock had previously closed at $15.38.
Several equities analysts have recently commented on GES shares. Standpoint Research upgraded Guess from a “hold” rating to a “buy” rating in a research report on Wednesday, May 25th. Wunderlich reiterated a “buy” rating and set a $27.00 price objective on shares of Guess in a research report on Monday, May 23rd. Vetr lowered Guess from a “strong-buy” rating to a “buy” rating and set a $19.82 price objective on the stock. in a research report on Tuesday, April 19th. TheStreet lowered Guess from a “buy” rating to a “hold” rating in a research report on Friday, April 15th. Finally, Miller Tabak upgraded Guess from a “sell” rating to a “hold” rating in a research report on Friday, May 27th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the stock. Guess has a consensus rating of “Hold” and a consensus target price of $18.62.
The stock has a market capitalization of $1.20 billion and a P/E ratio of 22.83. The company’s 50-day moving average price is $15.29 and its 200-day moving average price is $17.64.
Guess (NYSE:GES) last posted its earnings results on Wednesday, May 25th. The company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by $0.04. The company earned $448.80 million during the quarter, compared to the consensus estimate of $464.84 million. During the same quarter in the prior year, the company earned $0.04 EPS. The company’s quarterly revenue was down 6.3% compared to the same quarter last year. On average, equities analysts expect that Guess Inc. will post $0.61 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, June 24th. Investors of record on Wednesday, June 8th were given a $0.225 dividend. The ex-dividend date was Monday, June 6th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.30%.
Other large investors recently modified their holdings of the company. GAM Holding AG increased its stake in shares of Guess by 13.7% in the fourth quarter. GAM Holding AG now owns 82,980 shares of the company’s stock worth $1,567,000 after buying an additional 10,000 shares during the period. Trexquant Investment LP bought a new stake in shares of Guess during the fourth quarter worth about $1,835,000. California State Teachers Retirement System increased its stake in shares of Guess by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 114,748 shares of the company’s stock worth $2,166,000 after buying an additional 1,870 shares during the period. Russell Frank Co increased its stake in shares of Guess by 236.0% in the fourth quarter. Russell Frank Co now owns 130,942 shares of the company’s stock worth $2,501,000 after buying an additional 91,976 shares during the period. Finally, Rhumbline Advisers increased its stake in shares of Guess by 2.0% in the fourth quarter. Rhumbline Advisers now owns 139,603 shares of the company’s stock worth $2,636,000 after buying an additional 2,707 shares during the period.
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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