Guess? (NYSE:GES) Shares Cross Above 200 Day Moving Average - Here's What Happened

Guess?, Inc. (NYSE:GES - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.96 and traded as high as $12.05. Guess? shares last traded at $11.88, with a volume of 1,030,073 shares.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Telsey Advisory Group reissued a "market perform" rating and issued a $13.00 target price on shares of Guess? in a research note on Monday, June 2nd. UBS Group increased their price objective on Guess? from $11.00 to $12.00 and gave the stock a "neutral" rating in a report on Thursday, May 22nd.

Guess? Price Performance

The company has a market cap of $630.69 million, a PE ratio of -50.51 and a beta of 1.20. The business has a 50 day moving average of $11.39 and a 200 day moving average of $11.93. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.57 and a quick ratio of 0.76.

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

Guess? Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 18th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $1.20 annualized dividend and a yield of 9.90%. Guess?'s payout ratio is -500.00%.

Guess? announced that its Board of Directors has authorized a stock buyback program on Tuesday, March 25th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 38.5% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's leadership believes its shares are undervalued.

Hedge Funds Weigh In On Guess?

Several institutional investors and hedge funds have recently added to or reduced their stakes in GES. GAMMA Investing LLC boosted its position in shares of Guess? by 713.0% in the 1st quarter. GAMMA Investing LLC now owns 2,317 shares of the company's stock worth $26,000 after purchasing an additional 2,032 shares in the last quarter. Parallel Advisors LLC increased its position in Guess? by 9,137.0% during the 1st quarter. Parallel Advisors LLC now owns 2,494 shares of the company's stock valued at $28,000 after buying an additional 2,467 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in Guess? by 507.5% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 3,900 shares of the company's stock valued at $43,000 after buying an additional 3,258 shares during the last quarter. CWM LLC boosted its holdings in Guess? by 3,085.0% in the first quarter. CWM LLC now owns 4,236 shares of the company's stock worth $47,000 after acquiring an additional 4,103 shares in the last quarter. Finally, US Bancorp DE boosted its holdings in Guess? by 4,168.7% in the first quarter. US Bancorp DE now owns 4,226 shares of the company's stock worth $47,000 after acquiring an additional 4,127 shares in the last quarter. Hedge funds and other institutional investors own 61.74% of the company's stock.

About Guess?

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.