Guess?, Inc. Declares Quarterly Dividend of $0.30 (NYSE:GES)

Guess?, Inc. (NYSE:GES) declared a quarterly dividend on Friday, April 4th, Wall Street Journal reports. Stockholders of record on Wednesday, April 16th will be given a dividend of 0.30 per share on Friday, May 2nd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 12.01%. The ex-dividend date of this dividend is Wednesday, April 16th.

Guess? has raised its dividend by an average of 28.7% per year over the last three years. Guess? has a dividend payout ratio of 65.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Guess? to earn $2.38 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 50.4%.

Guess? Trading Up 1.1 %

Shares of GES stock opened at $10.00 on Monday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.74 and a current ratio of 1.54. The company has a market capitalization of $514.31 million, a price-to-earnings ratio of 8.40 and a beta of 1.43. The company has a 50-day simple moving average of $11.16 and a two-hundred day simple moving average of $14.34. Guess? has a 52-week low of $8.48 and a 52-week high of $27.90.

Guess? (NYSE:GES) last posted its earnings results on Thursday, April 3rd. The company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.41 by $0.07. The business had revenue of $932.25 million during the quarter, compared to analysts’ expectations of $916.75 million. Guess? had a return on equity of 23.29% and a net margin of 3.19%. The firm’s revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the business earned $2.01 earnings per share. Research analysts anticipate that Guess? will post 1.92 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on GES shares. Telsey Advisory Group reissued a “market perform” rating and issued a $13.00 price target on shares of Guess? in a report on Friday, April 4th. UBS Group dropped their price objective on Guess? from $15.00 to $12.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 11th.

Guess? announced that its board has approved a stock repurchase plan on Tuesday, March 25th that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 38.5% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its stock is undervalued.

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.