Guess? (NYSE:GES) Share Price Crosses Above 200 Day Moving Average – Here’s Why

Guess?, Inc. (NYSE:GES)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $16.28 and traded as high as $16.90. Guess? shares last traded at $16.82, with a volume of 9,099,358 shares.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Guess? in a research report on Monday, December 29th. Zacks Research raised Guess? from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 13th. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $16.75 price target on shares of Guess? in a research note on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Guess? has a consensus rating of “Hold” and a consensus price target of $16.75.

Guess? Trading Down 0.2%

The stock has a 50 day simple moving average of $16.85 and a 200-day simple moving average of $16.28. The company has a current ratio of 1.63, a quick ratio of 0.79 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $877.20 million, a P/E ratio of 15.15 and a beta of 0.96.

Guess? (NYSE:GES) last posted its quarterly earnings data on Tuesday, November 25th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.10. Guess? had a net margin of 2.56% and a return on equity of 16.11%. The company had revenue of $791.43 million for the quarter, compared to the consensus estimate of $767.93 million. During the same quarter last year, the firm posted $0.34 earnings per share. The firm’s revenue was up 7.1% compared to the same quarter last year. On average, equities research analysts forecast that Guess?, Inc. will post 1.92 EPS for the current fiscal year.

Guess? Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Wednesday, December 10th were given a dividend of $0.225 per share. The ex-dividend date was Wednesday, December 10th. This represents a $0.90 annualized dividend and a yield of 5.4%. Guess?’s payout ratio is 81.08%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in GES. Advisory Services Network LLC purchased a new stake in Guess? in the 3rd quarter worth approximately $38,000. FNY Investment Advisers LLC bought a new position in shares of Guess? in the third quarter worth approximately $50,000. Camelot Portfolios LLC purchased a new stake in shares of Guess? in the fourth quarter worth $88,000. Longfellow Investment Management Co. LLC purchased a new stake in shares of Guess? in the third quarter worth $110,000. Finally, Oregon Public Employees Retirement Fund raised its position in shares of Guess? by 9.5% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 6,912 shares of the company’s stock valued at $116,000 after purchasing an additional 600 shares during the period. Institutional investors own 61.74% of the company’s stock.

Guess? Company Profile

Guess?, Inc is a global fashion brand known for its lifestyle apparel, footwear and accessories. The company designs, markets and distributes a portfolio of apparel products under various brands, including its flagship Guess line and the premium Marciano label. Through its vertically integrated business model, Guess? oversees product development, manufacturing arrangements, marketing and distribution across wholesale and retail channels.

Guess?’s product offerings span denim, ready-to-wear, handbags, watches, jewelry and footwear for men, women and children.