Guess’ (NYSE:GES) Hits New 1-Year Low on Insider Selling

Guess’, Inc. (NYSE:GES – Get Rating) stock price hit a new 52-week low during Thursday trading after an insider sold shares of the company. The company traded as low as $15.66 and last traded at $15.70 with volume of 11171 shares traded hands. The stock had previously closed at $16.00. Specifically, Director Anthony Chidoni sold 10,000 shares of the company in a transaction that took place on Monday September 19th. The shares were sold at an average price of $16.60 for a total transaction of $166,000.00. Upon completion of the sale, the Director now directly owns 199,552 shares of the Company, valued at $3,312,563.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission available at this link. 41.00% of the shares are currently owned by insiders.

Analysts set new price targets

Several equity analysts have recently commented on GES stock. TheStreet upgraded shares of Guess from a “c” rating to a “b-” rating in a research report on Wednesday, August 24. downgraded shares of Guess from a “buy” rating to a “hold” rating in a research report on Monday, May 30. Finally, B. Riley lowered its price target on Guess shares to $29.00 from $36.00 and gave the company a “buy” rating in a research report on Thursday, May 26.

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Guess’ Trading Down 1.3%

The company has a current ratio of 1.45, a quick ratio of 0.74 and a debt-to-equity ratio of 0.90. The company has a market cap of $859.61 million, a P/E of 8.02 and a beta of 1.90. The company’s 50-day simple moving average is $18.34 and its 200-day simple moving average is $19.65.

Guess (NYSE:GES – Get Rating) last reported its earnings results on Wednesday, August 24th. The company reported earnings per share (EPS) of $0.39 for the quarter, falling short of analyst consensus estimates of $0.41 ($0.02). Guess had a return on equity of 28.40% and a net margin of 4.86%. The company had revenue of $643.00 million for the quarter, compared to analysts’ expectations of $629.52 million. In the same quarter last year, the company earned $0.96 per share. The company’s quarterly revenue increased 2.2% compared to the prior-year quarter. As a group, analysts expect Guess’, Inc. to post 2.63 EPS for the current fiscal year.

Guess dividend announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 23rd. Stockholders of record on Wednesday, September 7 will receive a dividend of $0.225 per share. The ex-dividend date is Tuesday September 6th. That equates to a dividend of $0.90 on an annualized basis and a dividend yield of 5.70%. Guess’ payout ratio is currently 45.92%.

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Institutional inflows and outflows

A number of hedge funds and other institutional investors recently changed their holdings in the company. Rockefeller Capital Management LP acquired a new position in Guess’ valued at $11,512,000 during the fourth quarter. Stormborn Capital Management LLC acquired a new position in Guess’ valued at $4,475,000 during the fourth quarter. Vanguard Group Inc. increased its position in Guess’ by 4.2% in the first quarter. Vanguard Group Inc. now owns 4,555,857 shares of the company’s stock valued at $99,546,000 after purchasing an additional 184,983 shares last quarter. Victory Capital Management Inc. increased its position in Guess’ by 55.2% in the second quarter. Victory Capital Management Inc. now owns 490,837 shares of the company’s stock valued at $8,369,000 after purchasing an additional 174,477 shares last quarter. Finally, Renaissance Technologies LLC acquired a new interest in Guess’ in Q2 valued at $2,082,000. Institutional investors own 57.68% of the company’s shares.

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Company profile of 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: North American Retail, North American Wholesale, Europe, Asia and Licensing. The company’s clothing collection includes jeans, trousers, skirts, dresses, shorts, blouses, shirts, jackets, sportswear, knitwear and underwear.

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