Guess Inc. (GES) Shares Down 3.9%
Shares of Guess Inc. (NYSE:GES) fell 3.9% on Tuesday . The stock 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.
Several brokerages have recently weighed in on GES. B. Riley restated a “buy” rating and issued a $21.00 price objective on shares of Guess in a report on Tuesday. Piper Jaffray Cos. restated a “hold” rating and issued a $15.00 price objective on shares of Guess in a report on Thursday, May 26th. Jefferies Group restated a “hold” rating and issued a $18.00 price objective (down previously from $20.00) on shares of Guess in a report on Thursday, May 26th. Topeka Capital Markets cut their price objective on Guess from $19.00 to $16.00 and set a “hold” rating for the company in a report on Thursday, May 26th. Finally, Telsey Advisory Group cut their price objective on Guess from $21.00 to $19.00 and set a “market perform” rating for the company in a report on Thursday, May 26th. Two 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 a consensus rating of “Hold” and a consensus price target of $18.44.
The stock has a market cap of $1.43 billion and a P/E ratio of 21.55. The firm has a 50-day moving average of $15.15 and a 200 day moving average of $17.02.
Guess (NYSE:GES) last announced its quarterly earnings results on Wednesday, August 24th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.07. During the same period last year, the firm earned $0.21 EPS. The business had revenue of $545 million for the quarter, compared to analyst estimates of $551.53 million. Guess’s quarterly revenue was down .2% compared to the same quarter last year. On average, equities research analysts anticipate that Guess Inc. will post $0.64 earnings per share 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 given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 5.26%. The ex-dividend date of this dividend is Friday, September 2nd.
In other Guess news, Director Anthony Chidoni sold 4,000 shares of the business’s stock in a transaction that occurred on 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 owns 157,744 shares of the company’s stock, valued at $2,451,341.76. The sale was disclosed in a document filed with the SEC, which is available 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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