19.62 0.00 (0.00%)
After hours: 4:46PM EDT
|Bid||19.74 x 1800|
|Ask||19.75 x 800|
|Day's Range||19.06 - 19.96|
|52 Week Range||16.41 - 26.95|
|Beta (3Y Monthly)||0.58|
|PE Ratio (TTM)||122.63|
|Earnings Date||May 28, 2019 - Jun 3, 2019|
|Forward Dividend & Yield||0.90 (4.59%)|
|1y Target Est||24.00|
Guess?, Inc. (GES) (the “Company”) announced today the pricing of its previously announced offering of $275 million aggregate principal amount of 2.00% convertible senior notes due 2024 (the “Notes”) in a private placement. In addition, the Company granted the initial purchaser of the Notes the right to purchase up to an additional $25 million aggregate principal amount of the Notes, exercisable within a 30-day period, solely to cover over-allotments. The sale of the Notes to the initial purchaser is expected to settle on April 26, 2019, subject to customary closing conditions, and is expected to result in approximately $270 million in net proceeds to the Company, after deducting the initial purchaser’s discount and estimated offering expenses payable by the Company (assuming no exercise of the initial purchaser’s over-allotment option) but before deducting the net cost of the convertible note hedge and warrant transactions referred to below.
Guess Inc. shares dropped 4% in after-hours trading Monday after the clothier announced that it will cut its dividend in half and sell $250 million of convertible debt in order to fund stock buybacks. Guess disclosed that it will cut its quarterly cash dividend to 11.25 cents from 22.5 cents and offer $250 million in convertible senior notes for an accelerated share-repurchase program that will seek to purchase $200 million or more in shares. After closing with a 2.5% decline at $16.66, shares dropped below $16 in after-hours trades immediately following the announcement.
On March 20, 2019, Guess?, Inc. (GES) (the “Company”) reported preliminary financial results for the three months and twelve months ended February 2, 2019, including the Company’s outlook for the first quarter of Fiscal 2020. Based on current quarter-to-date trends, where the Company has identified relative strengths in Europe and the Americas offset by softness in Asia, compared to its initial outlook, the Company is reaffirming its total Company outlook for the Fiscal 2020 first quarter ending May 4, 2019. The Company’s actual results may differ materially from these estimates due to the time remaining in the quarter, completion of its financial closing procedures, final adjustments and other developments that may arise between now and the time the financial results for the Company’s first quarter are finalized.
Guess?, Inc. (GES) (the “Company”) announced today that it proposes to offer $250.0 million aggregate principal amount of convertible senior notes due 2024 (the “Notes”), subject to market and other customary conditions, in a private placement. In addition, the Company intends to grant to the initial purchaser of the Notes the right to purchase up to an additional $37.5 million aggregate principal amount of the Notes, exercisable within a 30-day period, solely to cover over-allotments. The Company announced that it intends to use substantially all of the net proceeds from the offering of the Notes, after effecting the convertible note hedge transactions described below, to effect share repurchases.
Columbia Sportswear's (COLM) Q1 performance is likely to gain from the Project CONNECT program as well as strong sales channels and brands.
The main aim of stock picking is to find the market-beating stocks. But even the best stock picker will only win with some selections. So we wouldn't blame long term Guess', Inc. (NYSE:GES) shareholders for doubting their dec...
Guess? (GES) grapples with consistent rise in logistics costs across China and Europe. Also, rising SG&A expenses and unfavorable currency rates are headwinds.
GUESS introduces actress, model and global influencer Amy Jackson starring alongside Italian model, DJ and music producer Andrea Damante shot in the new advertising campaign celebrating GUESS 1981 Los Angeles, a new fragrance for men and women.
This summer, GUESS launches an advertising campaign featuring GUESS models Gwen Van Meir, Mishel Gerzig and Arsenii Savitckii shot in the western Mojave Desert surrounded by Joshua Trees and iconic mountains in the distance.
After returning to the company in February, Alberini said last week Guess is forecasting a long-term retail equivalent top-line goal of $7-$9 billion. The CEO expects to see top-line growth driven by a focus on customers, product category expansion particularly in denim, increased store sales productivity and further digital penetration.
Guess? Inc NYSE:GESView full report here! Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low and declining Bearish sentimentShort interest | PositiveShort interest is low for GES with fewer than 5% of shares on loan. Additionally, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on April 4. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold GES had net inflows of $2.85 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Goods sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
For the first time in its brand history, GUESS?, Inc. is introducing the #GUESSVintage program with over 150 authenticated pieces to be sold exclusively at LA based retailer Fred Segal on Sunset Boulevard in West Hollywood. With the successful launch of GUESS Jeans USA, Nicolai Marciano has teamed up with Sean Wotherspoon on a program to buy back vintage GUESS items in order to create a special offering for the nostalgia loving customer. The pieces were curated by Sean Wotherspoon, of Round Two Store notoriety, specifically for Fred Segal Sunset.
The Latest from Intel: New CFO, Layoffs, Server Chips, and MoreIntel appoints CFO Tech giant Intel (INTC) has named George Davis as its new chief financial officer (or CFO). He will be responsible for overseeing Intel’s global finance organization
Guess? (GES) has witnessed a significant price decline in the past four weeks, and is seeing negative earnings estimate revisions as well.
Guess? Inc (NYSE:GES) files its latest 10-K with SEC for the fiscal year ended on January 31, 2019. Guess? Inc designs, markets, distributes and licenses a lifestyle collection of contemporary apparel ...
Everyone loves a strong dividend. They provide a certain (albeit small) degree of safety and it puts money in our pocket. However, it's not enough to Google "dividend stocks" and buy the first few names that pop up. Nor can we just chase high yields because they look attractive.We need to consider the safety of that dividend, the history of the company and its financials. Further, income investors will want to look for companies that consistently increase their dividend yields too. For example, Dividend Aristocrats are stocks that have raised their dividends for 25 consecutive years or more.These stocks are generally considered to have a "safe" payout, which is good for investors. However, we wanted to go a step further and find stocks that were giving big raises to their payouts. Specifically, I combed over the dividend aristocrats that have a compound annual growth rate (CAGR) over 10% for the previous five years and ten years. Finally, we need a payout of at least 1.75%.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Tech Stocks That Transformed Their Business These are the dividend stocks I came up with. Lowe's (LOW)Source: Mike Mozart via Flickr (modified)If you know Home Depot (NYSE:HD), you know Lowe's (NYSE:LOW). This dividend stud has raised its annual payout for an impressive 56 consecutive years and currently pays out 1.83%.Lowe's has a five-year dividend CAGR of 21.25% and a ten-year CAGR of 18.5%. Those are some strong numbers for a company that's often in the shadow of HD. Finally, the company gave a 17.1% boost to its payout last June, so investors can expect another bump in a few months.We like digging out dividend stocks like this because -- not only are the businesses generally consistent -- but it maximizes our odds of getting big boosts in our income.As it stands, analysts expect revenue to grow 1.7% this year and 3.5% next year. On the earnings front though, LOW is forecast to grow 18.8% this year and 15.5% next year. That's pretty impressive and should help keep that dividend yield growing over the next few years. Dover (DOV)Source: Shutterstock Dover (NYSE:DOV) is just a few dollars off its all-time high. With its $13 billion market cap and low profile though, many investors likely miss the fact that it has raised its dividend for a whopping 63 consecutive years.While Dover raised its dividend just 2.1% last August, the company has been massively consistent with its payout bumps. Over the past five and ten years, Dover sports a dividend CAGR of 35.6% and 11.8%. Talk about strong growth! Shares currently yield 2.13% at current levels, about in-line with its five-year average yield of 2.2%.The dividend isn't the only consistent thing about Dover, which is an industrial goods provider. Analysts expect sales to grow 3.2% this year and 3.6% next year, working alongside 15.3% earnings growth this year and 7.3% growth next year. * 3 5G Stocks to Buy That Also Pay Dividends As consistent as Dover is, investors can likely nab this one on a discount. Shares are up almost 50% from the December lows and the valuation is trading at a premium. That said, it's one to keep on the radar. Altria (MO)Source: Peyri Herrera via Flickr (Modified)Some investors disregard this "sin stock," but many simply can't pass up Altria (NYSE:MO) and its 5.7% dividend yield.This company has been known for its dividend and big payouts over the years, even though the stock has been coming under pressure lately. The increase in volatility comes as MO looks for ways diversify its business and generate growth. For example, it's made recent investments in companies like Juul, as well as Cronos Group (NASDAQ:CRON).In August, MO increased its dividend by more than 14%, up from last year's 8.2% increase. This year's increase will be extra special though, as it will put MO in the 50-year club for consecutive annual dividend increases.On a CAGR basis, MO sports five-year and ten-year figures of 10.3% and 10%. Simply put, love MO or hate it, this company has been a dividend stud and later this summer, that streak will extend to five decades. Hormel (HRL)Source: Mike Mozart via Flickr (Modified)Perhaps it's not the first stock that comes to an investor's mind when they're looking for dividend stocks, but Hormel (NYSE:HRL) certainly fits the bill.Yielding just under 2%, it doesn't have a big payout. However, that hasn't stopped management from increasing its payout in recent years.In November, HRL gave a 12% bump to the dividend, following a 10.3% increase in the prior year. HRL's dividend sports a five-year and ten-year CAGR of 17.25% and 15.2%, respectively. For a company that's not only paid but raised its dividend for 52 years, that's pretty darn impressive. * 7 Mid-Cap Growth Stocks That Could Be the Next Amazon or Netflix While current expectations call for 1.8% sales growth this year and a 3.7% decline in earnings, estimates for next year are better. Analysts expect sales to jump 2.8% and for earnings to climb 6.6%. Perhaps on a pullback into the low-$40s, investors will be more interested in the name. 3M Co (MMM)Source: Shutterstock Analysts at Deutsche Bank recently suggested investors sell 3M Co (NYSE:MMM) and buy Honeywell (NYSE:HON) instead. There's nothing wrong with that, although income-only investors may want to think twice before engaging in that strategy.3M has not only paid but raised its dividend for six decades and also yields more than 2.8%.In February, investors got a modest ~6% dividend increase. That may have been a bit disappointing after the company gave a 16% bump to its quarterly payout a year before. In either case, MMM management remains intent on giving its investors a notable raise each year.Over the last five years, MMM's dividend has a CAGR of 16.8%, while its ten-year CAGR stands at 10.9%. 3M Co. may not be operating in the prime of its business cycle right now, but its dividend is certainly one reason to stick with it. Earnings expectations call for just 1.3% growth this year and more than 8% growth next year. Should the Chinese and global economies pick up pace, MMM should benefit. Target (TGT)Source: Mike Mozart via Flickr (Modified)Unlike some of the names of this list, nearly every reader is familiar with Target (NYSE:TGT). The company is doing all it can to compete with Walmart (NYSE:WMT) and Amazon (NASDAQ:AMZN), and still run a profitable outfit. That said, it's also looking to keep up the solid dividend work.Shares currently yield 3.26%, but because of the company's other technology investments, it has not upped its dividend at the same rate as some of the other companies on this list. Make no mistake though, TGT is anything but disappointing with its five-year and ten-year dividend CAGR of 9.96% and 15.8%, respectively. * The 7 Best Bond Funds to Buy for a Shift in Interest Rates TGT stock trades at roughly 13.5 times this year's earnings, where analysts expect growth of 8.3%. Next year, estimates call for 6.7% growth. That's a reasonable price to pay for solid growth and a company that's raised its dividend 51 consecutive years. Target stock may be one to buy on dips going forward. VFC Corp (VFC)Source: Andy Via FlickrShares of VFC Corp (NASDAQ:VFC) have been plateauing after a strong earnings report in January. Perhaps it's feeling pressure from the poor earnings results of Guess (NYSE:GES) and the recent Levi Strauss (NYSE:LEVI) IPO.In any regard, the stock is still $12 below its 52-week high of $97. That gives VFC stock a 2.4% dividend yield, which is not bad for a company that's set to grow earnings almost 20% this year and is forecast to grow that figure another 13% next year.That's even more true considering the dependability of that payout. Through multiple recessions, periods of high inflation and otherwise, VFC has found a way to raise its dividend for an impressive 46 consecutive years. In October, management gave investors a 10.9% dividend increase. That follows the 9.5% increase from the prior year.In all, VFC has a five-year dividend CAGR of 15.7%. Its ten-year CAGR sits a little lower at 12.7%. Impressive figures for a company that's still finding ways to drum up strong growth.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 7 Best Bond Funds to Buy for a Shift in Interest Rates * 10 Tech Stocks With Key Products That Face an Uncertain Future * 7 SaaS Stocks to Buy for Long-Term Gains Compare Brokers The post 7 Dividend Stocks With Double-Digit Increases appeared first on InvestorPlace.