Guess? (NYSE:GES) Stock Price Down 5.6% - Here's What Happened

Key Points

• Guess?, Inc. (NYSE:GES) experienced a share price decline of 5.6%, trading as low as $13.08 and averaging 113,028 shares in mid-day trading, a significant drop from its usual volume.
• The company recently reported a quarterly revenue increase of 9.4% year-over-year, with earnings per share of ($0.44), exceeding analysts' estimates of ($0.70).
• Guess? announced a $0.30 quarterly dividend with a yield of 9.0% and a payout ratio of -500.00%, amidst changes in institutional holdings from various hedge funds.

Guess?, Inc. (NYSE:GES - Get Free Report)'s share price traded down 5.6% during mid-day trading on Monday . The company traded as low as $13.17 and last traded at $13.08. 113,028 shares changed hands during mid-day trading, a decline of 90% from the average session volume of 1,178,479 shares. The stock had previously closed at $13.85.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on GES. Telsey Advisory Group restated a "market perform" rating and set a $13.00 price target on shares of Guess? in a report on Monday, June 2nd. UBS Group upped their price target on Guess? from $11.00 to $12.00 and gave the stock a "neutral" rating in a report on Thursday, May 22nd.

Guess? Trading Down 3.7%

The company has a market capitalization of $693.48 million, a PE ratio of -55.98 and a beta of 1.24. The company has a current ratio of 1.57, a quick ratio of 0.76 and a debt-to-equity ratio of 1.08. The stock has a fifty day moving average of $12.55 and a two-hundred day moving average of $11.72.

Guess? (NYSE:GES - Get Free Report) last announced its quarterly earnings results on Thursday, June 5th. The company reported ($0.44) EPS for the quarter, topping analysts' consensus estimates of ($0.70) by $0.26. The business had revenue of $647.80 million for the quarter, compared to analysts' expectations of $630.61 million. Guess? had a return on equity of 18.25% and a net margin of 0.47%. The business's quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.27) EPS. As a group, sell-side analysts anticipate that Guess?, Inc. will post 1.92 earnings per share for the current fiscal year.

Guess? Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 18th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 9.0%. The ex-dividend date of this dividend was Wednesday, June 18th. Guess?'s payout ratio is -500.00%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of GES. Millennium Management LLC increased its position in Guess? by 160.2% during the fourth quarter. Millennium Management LLC now owns 1,159,249 shares of the company's stock valued at $16,299,000 after acquiring an additional 713,666 shares during the last quarter. Carolina Wealth Advisors LLC bought a new position in shares of Guess? in the first quarter worth about $5,834,000. Slotnik Capital LLC bought a new position in shares of Guess? in the first quarter worth about $3,257,000. Natixis boosted its stake in shares of Guess? by 743.5% in the fourth quarter. Natixis now owns 285,100 shares of the company's stock worth $4,009,000 after acquiring an additional 251,300 shares during the period. Finally, Vanguard Group Inc. boosted its stake in Guess? by 7.6% during 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 during the last quarter. Hedge funds and other institutional investors own 61.74% of the company's stock.

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.

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