Guess? (GES) Sees Strong Trading Volume After Dividend Announcement

Shares of Guess?, Inc. (NYSE:GES) saw strong trading volume on Friday after the company announced a dividend. 4,587,868 shares were traded during trading, an increase of 184% from the previous session’s volume of 1,615,645 shares.The stock last traded at $20.66 and had previously closed at $19.91.

The newly announced dividend which will be paid on Friday, April 20th. Shareholders of record on Wednesday, April 4th will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 4.42%. The ex-dividend date of this dividend is Tuesday, April 3rd. Guess?’s dividend payout ratio (DPR) is presently -818.18%.

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A number of equities analysts have weighed in on the company. Jefferies Group set a $17.00 price target on Guess? and gave the stock a “hold” rating in a research report on Thursday. Cowen reissued a “hold” rating and set a $18.00 price target on shares of Guess? in a research report on Thursday. Telsey Advisory Group boosted their price target on Guess? from $17.00 to $18.00 and gave the stock a “market perform” rating in a research report on Thursday. Zacks Investment Research downgraded Guess? from a “hold” rating to a “sell” rating in a research report on Tuesday, January 23rd. Finally, B. Riley set a $20.00 price target on Guess? and gave the stock a “buy” rating in a research report on Thursday. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Guess? presently has an average rating of “Buy” and an average target price of $17.11.

The company has a current ratio of 2.58, a quick ratio of 1.36 and a debt-to-equity ratio of 0.04. The company has a market cap of $1,276.89, a PE ratio of -185.09, a P/E/G ratio of 1.00 and a beta of 0.54.

Guess? (NYSE:GES) last posted its earnings results on Wednesday, March 21st. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.54 by $0.08. Guess? had a positive return on equity of 6.15% and a negative net margin of 0.33%. The company had revenue of $792.00 million for the quarter, compared to the consensus estimate of $755.64 million. During the same quarter in the prior year, the business earned $0.41 earnings per share. The firm’s revenue for the quarter was up 17.5% on a year-over-year basis. analysts forecast that Guess?, Inc. will post 0.88 EPS for the current year.

Institutional investors have recently bought and sold shares of the company. Teacher Retirement System of Texas acquired a new position in shares of Guess? in the fourth quarter valued at approximately $356,000. Macquarie Group Ltd. acquired a new position in shares of Guess? in the third quarter valued at approximately $1,767,000. Smith Graham & Co. Investment Advisors LP grew its position in shares of Guess? by 11.5% in the fourth quarter. Smith Graham & Co. Investment Advisors LP now owns 312,514 shares of the company’s stock valued at $5,275,000 after purchasing an additional 32,310 shares during the last quarter. WINTON GROUP Ltd acquired a new position in shares of Guess? in the third quarter valued at approximately $2,310,000. Finally, Unison Advisors LLC acquired a new position in shares of Guess? in the fourth quarter valued at approximately $365,000. 82.39% of the stock is currently owned by institutional investors.

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About Guess?

Guess?, Inc designs, markets, distributes and licenses a lifestyle collections of apparel and accessories for men, women and children. The Company operates through five segments: Americas Retail, Europe, Asia, Americas Wholesale and Licensing. The Americas Retail segment includes the Company’s retail and e-commerce operations in North and Central America and its retail operations in South America.

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