Guess’, Inc. (GES) to Distribute Quarterly Dividend of $0.30 on June 23rd

Guess’, Inc. (NYSE:GES – Get Rating) announced a quarterly dividend on Wednesday, May 24th, RTT News reports. Stockholders of record on Wednesday, June 7th will be paid a dividend of 0.30 per share on Friday, June 23rd. This represents a $1.20 annualized dividend and a dividend yield of 6.38%. This is an increase from Guess”s previous quarterly dividend of $0.23.

Guess’ has raised its dividend by an average of 17.0% annually over the last three years. Guess’ has a payout ratio of 30.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Guess’ to earn $3.00 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 30.0%.

Guess’ Price Performance

Shares of NYSE:GES opened at $18.80 on Friday. Guess’ has a 52 week low of $14.27 and a 52 week high of $24.15. The company has a 50-day moving average price of $18.72 and a 200 day moving average price of $20.29. The company has a market cap of $1.05 billion, a P/E ratio of 9.95 and a beta of 1.93. The company has a quick ratio of 0.92, a current ratio of 1.59 and a debt-to-equity ratio of 0.52.

Guess’ (NYSE:GES – Get Rating) last posted its quarterly earnings results on Wednesday, May 24th. The company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.28) by $0.21. Guess’ had a return on equity of 29.09% and a net margin of 4.87%. The business had revenue of $569.80 million during the quarter, compared to analysts’ expectations of $555.63 million. During the same period last year, the firm earned $0.24 EPS. The company’s quarterly revenue was down 4.0% compared to the same quarter last year. Research analysts predict that Guess’ will post 2.68 earnings per share for the current year.

Hedge Funds Weigh In On Guess’

Several hedge funds have recently bought and sold shares of GES. PEAK6 Investments LLC acquired a new stake in shares of Guess’ during the first quarter valued at $213,000. Quadrature Capital Ltd purchased a new stake in shares of Guess’ during the third quarter worth about $204,000. Guggenheim Capital LLC acquired a new position in shares of Guess’ in the first quarter valued at approximately $201,000. ExodusPoint Capital Management LP purchased a new position in shares of Guess’ during the second quarter valued at approximately $199,000. Finally, Teachers Retirement System of The State of Kentucky acquired a new stake in Guess’ during the third quarter worth approximately $164,000. Hedge funds and other institutional investors own 58.81% of the company’s stock.

Analyst Upgrades and Downgrades

GES has been the topic of a number of research analyst reports. TheStreet downgraded shares of Guess’ from a “b” rating to a “c+” rating in a report on Wednesday. Telsey Advisory Group reiterated a “market perform” rating and set a $23.00 target price on shares of Guess’ in a research report on Wednesday, March 15th. Small Cap Consu restated a “buy” rating on shares of Guess’ in a research report on Tuesday, March 28th. Finally, StockNews.com upgraded shares of Guess’ from a “hold” rating to a “buy” rating in a research report on Friday. One analyst has rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $26.00.

Guess’ Company Profile

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Guess?, Inc engages in designing, marketing, distributing and licensing contemporary apparel and accessories for men, women and children that reflect the American lifestyle and European fashion sensibilities. It operates through the following segments: Americas Retail, Americas Wholesale, Europe, Asia, and Licensing.