Guess ? (GES) Declares $0.22 Dividend

Guess ? said on March 14, 2023 that its board of directors declared a regular quarterly dividend of $0.22 per share ($0.90 annualized). Previously, the company paid $0.22 per share.

Shares must be purchased before the ex-div date of March 28, 2023 to qualify for the dividend. Shareholders of record as of March 29, 2023 will receive the payment on April 14, 2023.

At the current share price of $20.16 / share, the stock's dividend yield is 4.46%. Looking back five years and taking a sample every week, the average dividend yield has been 3.62%, the lowest has been 1.50%, and the highest has been 7.14%. The standard deviation of yields is 1.25 (n=236).

The current dividend yield is 0.67 standard deviations above the historical average.

Additionally, the company's dividend payout ratio is 0.33. 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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Analyst Price Forecast Suggests 21.43% Upside

As of March 15, 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 21.43% from its latest reported closing price of $20.16.

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The projected annual revenue for Guess ? is $2,668MM, a decrease of 0.72%. The projected annual non-GAAP EPS is $2.37.

What is the Fund Sentiment?

There are 411 funds or institutions reporting positions in Guess ?. This is a decrease of 8 owner(s) or 1.91% in the last quarter. Average portfolio weight of all funds dedicated to GES is 0.12%, an increase of 42.43%. Total shares owned by institutions decreased in the last three months by 1.01% to 36,146K shares. The put/call ratio of GES is 1.34, indicating a bearish outlook.

What are Large Shareholders Doing?

IJR - iShares Core S&P Small-Cap ETF holds 2,259K shares representing 4.15% ownership of the company. In it's prior filing, the firm reported owning 2,439K shares, representing a decrease of 7.97%. The firm increased its portfolio allocation in GES by 18.83% over the last quarter.

Deutsche Bank Ag\ holds 1,817K shares representing 3.34% ownership of the company. No change in the last quarter.

Legion Partners Asset Management holds 1,661K shares representing 3.05% ownership of the company. No change in the last quarter.

Arrowstreet Capital, Limited Partnership holds 1,171K shares representing 2.15% ownership of the company. In it's prior filing, the firm reported owning 453K shares, representing an increase of 61.33%. The firm increased its portfolio allocation in GES by 246.08% over the last quarter.

Goldman Sachs Group holds 921K shares representing 1.69% ownership of the company. In it's prior filing, the firm reported owning 658K shares, representing an increase of 28.59%. The firm increased its portfolio allocation in GES by 91.25% 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.

This story originally appeared on Fintel.