Guess’, Inc. Plans Quarterly Dividend of $0.23 (NYSE:GES)

Guess’, Inc. (NYSE:GESGet Rating) announced a quarterly dividend on Tuesday, November 22nd, Zacks reports. Shareholders of record on Wednesday, December 7th will be paid a dividend of 0.225 per share on Friday, December 23rd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.50%. The ex-dividend date is Tuesday, December 6th.

Guess’ has decreased its dividend by an average of 14.5% annually over the last three years and has increased its dividend every year for the last 1 years. Guess’ has a dividend payout ratio of 34.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Guess’ to earn $3.20 per share next year, which means the company should continue to be able to cover its $0.90 annual dividend with an expected future payout ratio of 28.1%.

Guess’ Trading Up 1.2 %

Shares of GES stock traded up $0.23 during trading on Thursday, hitting $19.98. 1,727,660 shares of the stock traded hands, compared to its average volume of 804,598. The firm has a market capitalization of $1.09 billion, a P/E ratio of 10.80 and a beta of 1.89. Guess’ has a 52-week low of $14.27 and a 52-week high of $25.27. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.45 and a quick ratio of 0.74. The firm’s fifty day moving average price is $16.64 and its 200-day moving average price is $18.04.

Guess’ (NYSE:GESGet Rating) last released its quarterly earnings results on Tuesday, November 22nd. The company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.11). The business had revenue of $633.40 million for the quarter, compared to analysts’ expectations of $614.00 million. Guess’ had a return on equity of 27.12% and a net margin of 4.58%. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.62 earnings per share. As a group, research analysts forecast that Guess’ will post 2.63 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Guess’ news, Director Anthony Chidoni sold 10,000 shares of the business’s stock in a transaction on Monday, September 19th. The shares were sold at an average price of $16.60, for a total value of $166,000.00. Following the completion of the transaction, the director now owns 199,552 shares in the company, valued at $3,312,563.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 41.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Guess’

Large investors have recently modified their holdings of the company. PNC Financial Services Group Inc. increased its holdings in shares of Guess’ by 27.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,692 shares of the company’s stock valued at $59,000 after acquiring an additional 581 shares during the last quarter. UBS Asset Management Americas Inc. raised its holdings in Guess’ by 1.9% during the third quarter. UBS Asset Management Americas Inc. now owns 53,288 shares of the company’s stock worth $782,000 after purchasing an additional 971 shares in the last quarter. Captrust Financial Advisors grew its position in shares of Guess’ by 34.7% in the 1st quarter. Captrust Financial Advisors now owns 5,175 shares of the company’s stock valued at $114,000 after buying an additional 1,334 shares during the last quarter. Engineers Gate Manager LP lifted its position in Guess’ by 7.2% in the third quarter. Engineers Gate Manager LP now owns 22,971 shares of the company’s stock valued at $337,000 after acquiring an additional 1,548 shares during the last quarter. Finally, Great West Life Assurance Co. Can boosted its stake in Guess’ by 6.0% in the first quarter. Great West Life Assurance Co. Can now owns 37,147 shares of the company’s stock valued at $833,000 after acquiring an additional 2,112 shares in the last quarter. 57.68% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

GES has been the subject of several research reports. TheStreet downgraded shares of Guess’ from a “b-” rating to a “c” rating in a report on Tuesday. StockNews.com began coverage on Guess’ in a research note on Wednesday, October 12th. They issued a “hold” rating for the company.

About 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: 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.

Further Reading

Dividend History for Guess' (NYSE:GES)

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