Guess? (NYSE:GES) Earns "Market Perform" Rating from Telsey Advisory Group

Telsey Advisory Group reissued their market perform rating on shares of Guess? (NYSE:GES - Free Report) in a research report sent to investors on Monday,Benzinga reports. Telsey Advisory Group currently has a $13.00 price objective on the stock.

Separately, UBS Group raised their target price on shares of Guess? from $11.00 to $12.00 and gave the stock a "neutral" rating in a report on Thursday, May 22nd.

Guess? Stock Performance

NYSE:GES traded up $0.38 during mid-day trading on Monday, hitting $11.15. The stock had a trading volume of 959,074 shares, compared to its average volume of 1,211,469. Guess? has a twelve month low of $8.48 and a twelve month high of $24.64. The stock has a market cap of $579.92 million, a price-to-earnings ratio of 9.37 and a beta of 1.20. The company's 50 day simple moving average is $10.84 and its 200 day simple moving average is $12.47. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.74 and a current ratio of 1.54.

Guess? (NYSE:GES - Get Free Report) last issued its quarterly earnings data on Thursday, April 3rd. The company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.07. The firm had revenue of $932.25 million during the quarter, compared to the consensus estimate of $916.75 million. Guess? had a net margin of 3.19% and a return on equity of 23.29%. The business's revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period last year, the business posted $2.01 earnings per share. On average, equities research analysts forecast that Guess? will post 1.92 earnings per share for the current year.

Guess? Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 2nd. Investors of record on Wednesday, April 16th were paid a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, April 16th. This represents a $1.20 dividend on an annualized basis and a yield of 10.76%. Guess?'s dividend payout ratio (DPR) is 187.50%.

Guess? declared that its Board of Directors has initiated a share repurchase plan on Tuesday, March 25th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 38.5% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's board of directors believes its stock is undervalued.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in GES. Dimensional Fund Advisors LP boosted its position in Guess? by 7.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,290,336 shares of the company's stock valued at $46,261,000 after buying an additional 228,601 shares in the last quarter. Vanguard Group Inc. boosted its position in Guess? by 7.6% in the fourth quarter. Vanguard Group Inc. now owns 3,274,565 shares of the company's stock valued at $46,040,000 after buying an additional 231,926 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Guess? by 13.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,383,177 shares of the company's stock valued at $19,447,000 after buying an additional 167,782 shares in the last quarter. Millennium Management LLC boosted its position in Guess? by 160.2% in the fourth quarter. Millennium Management LLC now owns 1,159,249 shares of the company's stock valued at $16,299,000 after buying an additional 713,666 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its position in Guess? by 8.6% in the fourth quarter. BNP Paribas Financial Markets now owns 1,020,538 shares of the company's stock valued at $14,349,000 after buying an additional 80,944 shares in the last quarter. 61.74% of the stock is owned by institutional investors.

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, activewear, knitwear, and intimate apparel.