Guess said on May 24, 2023 that its board of directors declared a regular quarterly dividend of $0.30 per share ($1.20 annualized). Previously, the company paid $0.22 per share.
Shares must be purchased before the ex-div date of June 6, 2023 to qualify for the dividend. Shareholders of record as of June 7, 2023 will receive the payment on June 23, 2023.
At the current share price of $18.80 / share, the stock’s dividend yield is 6.38%.
Looking back five years and taking a sample every week, the average dividend yield has been 3.65%, the lowest has been 1.50%, and the highest has been 7.14%. The standard deviation of yields is 1.26 (n=236).
The current dividend yield is 2.17 standard deviations above the historical average.
Additionally, the company’s dividend payout ratio is 0.32. The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company’s income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company’s 3-Year dividend growth rate is 1.00%, demonstrating that it has increased its dividend over time.
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What is the Fund Sentiment?
There are 407 funds or institutions reporting positions in Guess. This is a decrease of 3 owner(s) or 0.73% in the last quarter. Average portfolio weight of all funds dedicated to GES is 0.15%, an increase of 0.38%. Total shares owned by institutions decreased in the last three months by 2.92% to 35,427K shares. The put/call ratio of GES is 1.62, indicating a bearish outlook.
Analyst Price Forecast Suggests 30.21% Upside
As of May 11, 2023, the average one-year price target for Guess is 24.48. The forecasts range from a low of 23.23 to a high of $26.25. The average price target represents an increase of 30.21% from its latest reported closing price of 18.80.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Guess is 2,772MM, an increase of 3.15%. The projected annual non-GAAP EPS is 3.44.
What are Other Shareholders Doing?
IJR – iShares Core S&P Small-Cap ETF holds 2,219K shares representing 4.15% ownership of the company. In it’s prior filing, the firm reported owning 2,259K shares, representing a decrease of 1.83%. The firm decreased its portfolio allocation in GES by 10.25% over the last quarter.
Deutsche Bank Ag holds 2,081K shares representing 3.89% ownership of the company. In it’s prior filing, the firm reported owning 1,817K shares, representing an increase of 12.71%. The firm decreased its portfolio allocation in GES by 87.27% over the last quarter.
Legion Partners Asset Management holds 1,461K shares representing 2.73% ownership of the company. In it’s prior filing, the firm reported owning 1,661K shares, representing a decrease of 13.69%. The firm decreased its portfolio allocation in GES by 20.60% over the last quarter.
Charles Schwab Investment Management holds 1,005K shares representing 1.88% ownership of the company. In it’s prior filing, the firm reported owning 552K shares, representing an increase of 45.12%. The firm increased its portfolio allocation in GES by 42.16% over the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 822K shares representing 1.54% ownership of the company. In it’s prior filing, the firm reported owning 967K shares, representing a decrease of 17.66%. The firm increased its portfolio allocation in GES by 10.70% over the last quarter.
Guess Background Information
(This description is provided by the company.)
Established in 1981, GUESS began as a jeans company and has since successfully grown into a global lifestyle brand. Guess?, Inc. designs, markets, distributes and licenses a lifestyle collection of contemporary apparel, denim, handbags, watches, eyewear, footwear and other related consumer products. Guess? products are distributed through branded Guess? stores as well as better department and specialty stores around the world. As of October 31, 2020, the Company directly operated 1,068 retail stores in the Americas, Europe and Asia. The Company’s partners and distributors operated 536 additional retail stores worldwide. As of October 31, 2020, the Company and its partners and distributors operated in approximately 100 countries worldwide.
Key filings for this company:
This story originally appeared on Fintel.
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