Guess?, Inc. (GES) to Issue Quarterly Dividend of $0.23 on September 28th
Guess?, Inc. (NYSE:GES) announced a quarterly dividend on Wednesday, August 29th, RTT News reports. Shareholders of record on Wednesday, September 12th will be paid a dividend of 0.225 per share on Friday, September 28th. This represents a $0.90 annualized dividend and a yield of 4.06%. The ex-dividend date is Tuesday, September 11th.
Guess? has decreased its dividend payment by an average of 8.3% annually over the last three years. Guess? has a payout ratio of 86.5% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Analysts expect Guess? to earn $1.38 per share next year, which means the company should continue to be able to cover its $0.90 annual dividend with an expected future payout ratio of 65.2%.
Shares of GES stock opened at $22.18 on Monday. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of 31.69, a P/E/G ratio of 1.22 and a beta of 0.13. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.25 and a current ratio of 2.24. Guess? has a 52 week low of $14.17 and a 52 week high of $26.95.
In other Guess? news, Director Gianluca Bolla bought 2,832 shares of Guess? stock in a transaction dated Thursday, August 30th. The stock was purchased at an average price of $26.00 per share, for a total transaction of $73,632.00. Following the completion of the purchase, the director now directly owns 63,936 shares of the company’s stock, valued at $1,662,336. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 31.30% of the stock is owned by company insiders.
GES has been the topic of several research reports. ValuEngine lowered shares of Guess? from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 1st. Telsey Advisory Group lifted their price objective on shares of Guess? from $25.00 to $26.00 and gave the stock a “market perform” rating in a research report on Thursday, May 31st. Zacks Investment Research raised shares of Guess? from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research report on Wednesday, August 1st. Finally, TheStreet raised shares of Guess? from a “c+” rating to a “b” rating in a research report on Thursday, August 30th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $22.80.
Guess? Company Profile
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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