Guess? (NYSE:GES) Hits New 12-Month Low – Should You Sell?

Guess?, Inc. (NYSE:GES)’s stock price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $11.79 and last traded at $11.94, with a volume of 43424 shares traded. The stock had previously closed at $11.90.

Analyst Upgrades and Downgrades

A number of research analysts have commented on GES shares. Telsey Advisory Group lowered their target price on Guess? from $21.00 to $18.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 27th. UBS Group reduced their price target on Guess? from $18.00 to $16.00 and set a “neutral” rating for the company in a report on Wednesday, November 27th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $25.00.

Guess? Price Performance

The company’s 50-day simple moving average is $13.11 and its 200 day simple moving average is $16.66. The company has a quick ratio of 0.74, a current ratio of 1.54 and a debt-to-equity ratio of 1.18. The stock has a market capitalization of $568.86 million, a price-to-earnings ratio of 9.29 and a beta of 1.88.

Guess? (NYSE:GES) last issued its quarterly earnings data on Tuesday, November 26th. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.03). Guess? had a net margin of 3.19% and a return on equity of 23.29%. The company had revenue of $738.52 million for the quarter, compared to analyst estimates of $747.36 million. During the same period in the prior year, the company posted $0.49 EPS. The business’s revenue was up 13.4% on a year-over-year basis. Equities research analysts forecast that Guess?, Inc. will post 1.92 EPS for the current year.

Hedge Funds Weigh In On Guess?

A number of institutional investors have recently modified their holdings of the company. Quarry LP grew its stake in Guess? by 216.9% in the 3rd quarter. Quarry LP now owns 3,359 shares of the company’s stock valued at $68,000 after buying an additional 2,299 shares during the last quarter. EMC Capital Management boosted its holdings in Guess? by 158.0% during the fourth quarter. EMC Capital Management now owns 9,908 shares of the company’s stock valued at $139,000 after acquiring an additional 6,068 shares during the period. Freestone Grove Partners LP acquired a new stake in shares of Guess? in the fourth quarter valued at about $171,000. Point72 Hong Kong Ltd acquired a new stake in shares of Guess? in the fourth quarter valued at about $175,000. Finally, Jump Financial LLC bought a new position in shares of Guess? in the fourth quarter worth about $191,000. Institutional investors own 61.74% of the company’s stock.

About Guess?

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.