TheStreet Lowers Guess’ (NYSE:GES) to C

TheStreet downgraded shares of Guess’ (NYSE:GESGet Rating) from a b- rating to a c rating in a report published on Tuesday, TheStreetRatingsTable reports.

Separately, started coverage on shares of Guess’ in a research note on Wednesday, October 12th. They issued a hold rating on the stock.

Guess’ Price Performance

Guess’ stock opened at $19.98 on Tuesday. The company has a market cap of $1.09 billion, a price-to-earnings ratio of 10.80 and a beta of 1.89. The firm’s fifty day moving average is $16.71 and its 200 day moving average is $18.05. The company has a quick ratio of 0.74, a current ratio of 1.45 and a debt-to-equity ratio of 0.90. Guess’ has a 52-week low of $14.27 and a 52-week high of $25.27.

Guess’ (NYSE:GESGet Rating) last announced its earnings results on Tuesday, November 22nd. The company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.11). Guess’ had a net margin of 4.58% and a return on equity of 27.12%. The firm had revenue of $633.40 million during the quarter, compared to analysts’ expectations of $614.00 million. During the same period in the prior year, the company posted $0.62 EPS. The company’s revenue was down 1.5% compared to the same quarter last year. Sell-side analysts forecast that Guess’ will post 2.63 EPS for the current fiscal year.

Guess’ Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 23rd. Investors of record on Wednesday, December 7th will be paid a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 4.50%. The ex-dividend date is Tuesday, December 6th. Guess”s dividend payout ratio is presently 48.65%.

Insider Buying and Selling

In related news, Director Anthony Chidoni sold 10,000 shares of the firm’s stock in a transaction dated Monday, September 19th. The shares were sold at an average price of $16.60, for a total value of $166,000.00. Following the transaction, the director now owns 199,552 shares of the company’s stock, valued at approximately $3,312,563.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 41.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in GES. Vanguard Group Inc. increased its stake in Guess’ by 4.2% in the 1st quarter. Vanguard Group Inc. now owns 4,555,857 shares of the company’s stock worth $99,546,000 after buying an additional 184,983 shares during the period. Victory Capital Management Inc. grew its holdings in Guess’ by 55.2% during the 2nd quarter. Victory Capital Management Inc. now owns 490,837 shares of the company’s stock worth $8,369,000 after acquiring an additional 174,477 shares in the last quarter. LSV Asset Management grew its holdings in Guess’ by 109.8% during the 3rd quarter. LSV Asset Management now owns 311,800 shares of the company’s stock worth $4,574,000 after acquiring an additional 163,200 shares in the last quarter. Renaissance Technologies LLC bought a new position in Guess’ during the 2nd quarter worth about $2,082,000. Finally, Nomura Holdings Inc. bought a new position in Guess’ during the 1st quarter worth about $2,593,000. Hedge funds and other institutional investors own 57.68% of the company’s stock.

About Guess’

(Get Rating)

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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