Guess? (NYSE:GES) Stock Price Down 4% – Time to Sell?

Guess?, Inc. (NYSE:GES) traded down 4% on Tuesday . The stock traded as low as $10.03 and last traded at $10.01. 146,110 shares traded hands during trading, a decline of 88% from the average session volume of 1,248,865 shares. The stock had previously closed at $10.43.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on GES. UBS Group dropped their price objective on shares of Guess? from $15.00 to $12.00 and set a “neutral” rating for the company in a research report on Tuesday, March 11th. Telsey Advisory Group restated a “market perform” rating and issued a $13.00 price target on shares of Guess? in a report on Friday, April 4th.

Guess? Trading Down 6.7 %

The firm’s 50-day simple moving average is $11.13 and its 200 day simple moving average is $14.28. The stock has a market cap of $500.68 million, a P/E ratio of 8.18 and a beta of 1.43. The company has a current ratio of 1.54, a quick ratio of 0.74 and a debt-to-equity ratio of 1.18.

Guess? (NYSE:GES) last posted its quarterly earnings data on Thursday, April 3rd. The company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.07. Guess? had a net margin of 3.19% and a return on equity of 23.29%. The company had revenue of $932.25 million during the quarter, compared to analyst estimates of $916.75 million. During the same quarter last year, the firm posted $2.01 EPS. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. As a group, equities research analysts anticipate that Guess?, Inc. will post 1.92 earnings per share for the current year.

Guess? Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Wednesday, April 16th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 12.33%. The ex-dividend date of this dividend is Wednesday, April 16th. Guess?’s dividend payout ratio (DPR) is presently 187.50%.

Guess? announced that its board has initiated a stock buyback program on Tuesday, March 25th that permits the company to buyback $200.00 million in shares. This buyback authorization permits the company to repurchase up to 38.5% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of GES. Comerica Bank grew its holdings in shares of Guess? by 6.2% during the 4th quarter. Comerica Bank now owns 31,906 shares of the company’s stock worth $449,000 after purchasing an additional 1,852 shares in the last quarter. GAMMA Investing LLC increased its holdings in Guess? by 713.0% in the 1st quarter. GAMMA Investing LLC now owns 2,317 shares of the company’s stock valued at $26,000 after buying an additional 2,032 shares during the period. Algert Global LLC raised its stake in shares of Guess? by 2.8% in the 4th quarter. Algert Global LLC now owns 89,903 shares of the company’s stock valued at $1,264,000 after buying an additional 2,435 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of Guess? by 9,137.0% during the 1st quarter. Parallel Advisors LLC now owns 2,494 shares of the company’s stock worth $28,000 after acquiring an additional 2,467 shares during the period. Finally, AlphaQuest LLC increased its stake in Guess? by 17.6% in the fourth quarter. AlphaQuest LLC now owns 20,498 shares of the company’s stock valued at $288,000 after acquiring an additional 3,070 shares during the period. Institutional investors and hedge funds 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.