Guess?, Inc. (NYSE:GES) was the recipient of a significant decrease in short interest in June. As of June 30th, there was short interest totalling 9,904,600 shares, a decrease of 13.6% from the May 30th total of 11,463,900 shares. Currently, 18.5% of the shares of the stock are short sold. Based on an average daily volume of 2,390,000 shares, the short-interest ratio is presently 4.1 days.
Several equities analysts recently weighed in on the stock. ValuEngine cut shares of Wolverine World Wide from a “hold” rating to a “sell” rating in a research note on Monday, May 20th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $19.00 target price (down from $22.00) on shares of Guess? in a research note on Tuesday, April 23rd. B. Riley set a $2.00 target price on shares of Ascena Retail Group and gave the company a “hold” rating in a research note on Friday, May 17th. Zacks Investment Research cut shares of HENGAN INTL GRP/ADR from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 21st. Finally, Jefferies Financial Group set a $24.00 target price on shares of Guess? and gave the company a “buy” rating in a research note on Thursday, March 21st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $23.50.
In other news, Director Gianluca Bolla acquired 10,000 shares of Guess? stock in a transaction dated Wednesday, June 12th. The stock was purchased at an average cost of $14.73 per share, with a total value of $147,300.00. Following the completion of the purchase, the director now directly owns 85,552 shares in the company, valued at approximately $1,260,180.96. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Carlos Alberini acquired 347,353 shares of Guess? stock in a transaction dated Thursday, June 13th. The stock was purchased at an average cost of $14.32 per share, with a total value of $4,974,094.96. The disclosure for this purchase can be found here. Corporate insiders own 34.90% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Guess? during the first quarter worth $986,000. GAM Holding AG grew its holdings in shares of Guess? by 13.4% during the first quarter. GAM Holding AG now owns 50,647 shares of the company’s stock worth $993,000 after buying an additional 5,984 shares in the last quarter. Piedmont Investment Advisors Inc. grew its holdings in shares of Guess? by 5.7% during the first quarter. Piedmont Investment Advisors Inc. now owns 14,284 shares of the company’s stock worth $280,000 after buying an additional 770 shares in the last quarter. Mason Street Advisors LLC grew its holdings in shares of Guess? by 3.4% during the first quarter. Mason Street Advisors LLC now owns 18,218 shares of the company’s stock worth $357,000 after buying an additional 601 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System grew its holdings in shares of Guess? by 9.3% during the first quarter. State Board of Administration of Florida Retirement System now owns 45,450 shares of the company’s stock worth $891,000 after buying an additional 3,877 shares in the last quarter. Institutional investors own 76.99% of the company’s stock.
GES stock traded up $0.38 during trading on Friday, hitting $16.55. 1,273,400 shares of the company’s stock traded hands, compared to its average volume of 1,727,332. Guess? has a 52 week low of $13.88 and a 52 week high of $26.95. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.42 and a quick ratio of 0.68. The firm has a fifty day simple moving average of $15.66. The firm has a market capitalization of $1.13 billion, a PE ratio of 16.89, a price-to-earnings-growth ratio of 0.72 and a beta of 0.42.
Guess? (NYSE:GES) last released its earnings results on Thursday, June 6th. The company reported ($0.25) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.26) by $0.01. The firm had revenue of $537.00 million during the quarter, compared to analyst estimates of $536.78 million. Guess? had a net margin of 0.53% and a return on equity of 10.10%. The business’s revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the business earned ($0.23) EPS. As a group, analysts expect that Guess? will post 1.26 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 5th. Investors of record on Wednesday, June 19th were issued a dividend of $0.112 per share. The ex-dividend date was Tuesday, June 18th. This represents a $0.45 dividend on an annualized basis and a yield of 2.71%. Guess?’s payout ratio is 45.92%.
Guess? Company Profile
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, knitwear, and intimate apparel.
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