Guess Inc. (GES) Stock Price Down 3.9%
Guess Inc. (NYSE:GES) shares were down 3.9% during mid-day trading on Tuesday . The company traded as low as $17.07 and last traded at $17.20, with a volume of 996,028 shares trading hands. The stock had previously closed at $17.89.
A number of research analysts have issued reports on GES shares. Telsey Advisory Group lifted their target price on Guess from $16.00 to $17.00 and gave the company a “market perform” rating in a research report on Thursday, August 25th. Mizuho restated a “neutral” rating and set a $17.00 price target on shares of Guess in a report on Tuesday, July 12th. Jefferies Group restated a “hold” rating and set a $18.00 price target (down from $20.00) on shares of Guess in a report on Thursday, May 26th. Standpoint Research upgraded Guess from a “hold” rating to a “buy” rating in a report on Wednesday, May 25th. Finally, Piper Jaffray Cos. restated a “hold” rating and set a $15.00 price target on shares of Guess in a report on Thursday, May 26th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $18.44.
The firm has a market cap of $1.36 billion and a PE ratio of 20.50. The stock’s 50-day moving average is $15.23 and its 200 day moving average is $17.01.
Guess (NYSE:GES) last released its quarterly earnings results on Wednesday, August 24th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.07. The business earned $545 million during the quarter, compared to analysts’ expectations of $551.53 million. The business’s revenue was down .2% on a year-over-year basis. During the same period in the previous year, the business earned $0.21 EPS. On average, equities research analysts anticipate that Guess Inc. will post $0.64 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 23rd. Shareholders of record on Wednesday, September 7th will be issued a $0.225 dividend. The ex-dividend date of this dividend is Friday, September 2nd. This represents a $0.90 annualized dividend and a dividend yield of 5.41%.
In other news, Director Anthony Chidoni sold 4,000 shares of the stock in a transaction dated Friday, July 15th. The stock was 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
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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