Guess Inc. (GES) Shares Down 6%
Guess Inc. (NYSE:GES) shares dropped 6% during trading on Wednesday . The stock traded as low as $14.77 and last traded at $14.93, with a volume of 1,699,945 shares. The stock had previously closed at $15.89.
GES has been the subject of several analyst reports. Piper Jaffray Cos. cut shares of Guess from a “neutral” rating to an “underweight” rating and lowered their price target for the stock from $15.00 to $12.00 in a report on Tuesday, July 19th. Zacks Investment Research upgraded shares of Guess from a “sell” rating to a “hold” rating in a report on Wednesday. Mizuho restated a “neutral” rating and issued a $17.00 target price on shares of Guess in a report on Tuesday, July 12th. Miller Tabak upgraded shares of Guess from a “sell” rating to a “hold” rating in a report on Friday, May 27th. Finally, Standpoint Research upgraded shares of Guess from a “hold” rating to a “buy” rating in a report on Wednesday, May 25th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. Guess presently has an average rating of “Hold” and an average price target of $18.80.
The stock has a market capitalization of $1.53 billion and a P/E ratio of 29.07. The company has a 50-day moving average price of $14.99 and a 200 day moving average price of $17.03.
Guess (NYSE:GES) last issued its quarterly earnings results on Wednesday, August 24th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.07. The company earned $545 million during the quarter, compared to the consensus estimate of $551.53 million. The firm’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter last year, the firm posted $0.21 EPS. Analysts expect that Guess Inc. will post $0.60 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 23rd. Investors of record on Wednesday, September 7th will be paid a $0.225 dividend. The ex-dividend date is Friday, September 2nd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.95%.
In related news, Director Anthony Chidoni sold 4,000 shares of Guess stock in a transaction on Friday, July 15th. The shares were sold at an average price of $15.54, for a total value of $62,160.00. Following the completion of the sale, the director now owns 157,744 shares in the company, valued at $2,451,341.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
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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