Guess? (GES) Hits New 1-Year High Following Better-Than-Expected Earnings
Guess?, Inc. (NYSE:GES) shares hit a new 52-week high on Thursday following a better than expected earnings announcement. The stock traded as high as $20.12 and last traded at $20.09, with a volume of 9736711 shares changing hands. The stock had previously closed at $15.52.
The company reported $0.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.08. Guess? had a negative net margin of 0.10% and a positive return on equity of 4.35%. The company had revenue of $792.00 million for the quarter, compared to analyst estimates of $755.64 million. During the same quarter last year, the firm earned $0.41 EPS. The firm’s quarterly revenue was up 17.5% compared to the same quarter last year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 20th. Investors of record on Wednesday, April 4th will be issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 4.52%. The ex-dividend date is Tuesday, April 3rd. Guess?’s dividend payout ratio is currently -2,250.00%.
A number of institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC grew its holdings in Guess? by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 500,533 shares of the company’s stock worth $8,448,000 after acquiring an additional 3,832 shares during the last quarter. Augustine Asset Management Inc. grew its holdings in Guess? by 3.9% in the 4th quarter. Augustine Asset Management Inc. now owns 112,700 shares of the company’s stock worth $1,902,000 after acquiring an additional 4,224 shares during the last quarter. Legal & General Group Plc grew its holdings in Guess? by 2.3% in the 3rd quarter. Legal & General Group Plc now owns 188,205 shares of the company’s stock worth $3,208,000 after acquiring an additional 4,309 shares during the last quarter. Suntrust Banks Inc. grew its holdings in Guess? by 2.7% in the 4th quarter. Suntrust Banks Inc. now owns 183,797 shares of the company’s stock worth $3,102,000 after acquiring an additional 4,751 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. bought a new stake in Guess? in the 4th quarter worth $133,000. 82.39% of the stock is currently owned by institutional investors and hedge funds.
The stock has a market capitalization of $1,232.47, a price-to-earnings ratio of -497.75, a PEG ratio of 0.97 and a beta of 0.54. The company has a quick ratio of 1.36, a current ratio of 2.58 and a debt-to-equity ratio of 0.04.
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Guess? Company Profile
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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