Guess? (NYSE:GES) Hits New 52-Week High at $32.52

Guess?, Inc. (NYSE:GES) shares reached a new 52-week high on Thursday . The stock traded as high as $32.52 and last traded at $31.47, with a volume of 1548636 shares changing hands. The stock had previously closed at $31.20.

Wall Street Analyst Weigh In

GES has been the subject of several research reports. Jefferies Financial Group boosted their price objective on shares of Guess? from $24.00 to $29.00 and gave the company a “hold” rating in a report on Thursday, March 21st. B. Riley reissued a “buy” rating and set a $33.00 price objective (up from $31.00) on shares of Guess? in a report on Wednesday, February 21st. StockNews.com raised shares of Guess? from a “hold” rating to a “buy” rating in a report on Friday, March 22nd. UBS Group upped their target price on shares of Guess? from $26.00 to $32.00 and gave the company a “neutral” rating in a report on Monday. Finally, Telsey Advisory Group upped their target price on shares of Guess? from $23.00 to $30.00 and gave the company a “market perform” rating in a report on Thursday, March 21st. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $31.00.

Guess? Trading Up 0.8 %

The firm has a market capitalization of $1.69 billion, a PE ratio of 10.84 and a beta of 1.96. The company has a quick ratio of 0.96, a current ratio of 1.55 and a debt-to-equity ratio of 0.53. The stock’s fifty day simple moving average is $25.04 and its 200 day simple moving average is $23.30.

Guess? (NYSE:GES) last posted its quarterly earnings results on Wednesday, March 20th. The company reported $2.01 earnings per share for the quarter, topping analysts’ consensus estimates of $1.55 by $0.46. The business had revenue of $891.05 million during the quarter, compared to analyst estimates of $855.54 million. Guess? had a net margin of 7.14% and a return on equity of 30.68%. The company’s revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.74 earnings per share. On average, sell-side analysts predict that Guess?, Inc. will post 2.91 earnings per share for the current year.

Guess? Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Shareholders of record on Wednesday, April 17th will be given a $0.30 dividend. The ex-dividend date is Tuesday, April 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.82%. Guess?’s payout ratio is currently 41.38%.

Hedge Funds Weigh In On Guess?

Hedge funds have recently modified their holdings of the company. Hennessy Advisors Inc. bought a new position in shares of Guess? during the fourth quarter worth $23,062,000. Marshall Wace LLP boosted its position in shares of Guess? by 134.2% during the second quarter. Marshall Wace LLP now owns 1,439,324 shares of the company’s stock worth $27,995,000 after acquiring an additional 824,836 shares during the last quarter. LSV Asset Management boosted its position in shares of Guess? by 147.8% during the third quarter. LSV Asset Management now owns 1,378,389 shares of the company’s stock worth $29,828,000 after acquiring an additional 822,089 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Guess? by 158.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,170,608 shares of the company’s stock worth $24,220,000 after acquiring an additional 717,977 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. bought a new position in shares of Guess? during the third quarter worth $13,335,000. 61.74% of the stock is currently owned by institutional investors.

Guess? Company Profile

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.