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. Approximately 18.5% of the company’s stock are sold short. Based on an average daily volume of 2,390,000 shares, the days-to-cover ratio is presently 4.1 days.
A number of brokerages have weighed in on GES. B. Riley set a $2.00 price objective on Ascena Retail Group and gave the company a “hold” rating in a research note on Friday, May 17th. ValuEngine cut Wolverine World Wide from a “hold” rating to a “sell” rating in a research note on Monday, May 20th. Zacks Investment Research cut HENGAN INTL GRP/ADR from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 21st. Telsey Advisory Group reiterated a “market perform” rating and issued a $19.00 price objective (down previously from $22.00) on shares of Guess? in a research note on Tuesday, April 23rd. Finally, Jefferies Financial Group set a $24.00 price objective on Guess? and gave the company a “buy” rating in a research note on Thursday, March 21st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $23.50.
NYSE GES traded up $0.38 on Friday, reaching $16.55. The stock had a trading volume of 1,273,481 shares, compared to its average volume of 2,153,460. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.68 and a current ratio of 1.42. Guess? has a 12-month low of $13.88 and a 12-month high of $26.95. The company’s 50-day moving average is $15.66. The firm has a market capitalization of $1.19 billion, a PE ratio of 16.89, a P/E/G ratio of 0.75 and a beta of 0.42.
Guess? (NYSE:GES) last released its quarterly earnings results on Thursday, June 6th. The company reported ($0.25) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.26) by $0.01. Guess? had a return on equity of 10.10% and a net margin of 0.53%. The business had revenue of $537.00 million during the quarter, compared to analysts’ expectations of $536.78 million. During the same quarter in the prior year, the business earned ($0.23) earnings per share. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. On average, equities research analysts anticipate that Guess? will post 1.26 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, July 5th. Stockholders of record on Wednesday, June 19th were paid a dividend of $0.112 per share. This represents a $0.45 annualized dividend and a dividend yield of 2.71%. The ex-dividend date of this dividend was Tuesday, June 18th. Guess?’s dividend payout ratio (DPR) is presently 45.92%.
In other news, CEO Carlos Alberini acquired 347,353 shares of Guess? stock in a transaction on Thursday, June 13th. The stock was bought at an average price of $14.32 per share, for a total transaction of $4,974,094.96. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gianluca Bolla acquired 10,000 shares of Guess? stock in a transaction on Wednesday, June 12th. The stock was purchased at an average price of $14.73 per share, with a total value of $147,300.00. Following the purchase, the director now owns 85,552 shares of the company’s stock, valued at approximately $1,260,180.96. The disclosure for this purchase can be found here. Corporate insiders own 34.90% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its stake in shares of Guess? by 2.5% during the fourth quarter. BlackRock Inc. now owns 8,317,868 shares of the company’s stock worth $172,762,000 after purchasing an additional 201,200 shares during the last quarter. Norges Bank purchased a new stake in shares of Guess? during the fourth quarter worth approximately $22,055,000. Geode Capital Management LLC raised its stake in shares of Guess? by 5.9% during the fourth quarter. Geode Capital Management LLC now owns 605,215 shares of the company’s stock worth $12,570,000 after purchasing an additional 33,856 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Guess? by 0.8% during the fourth quarter. Principal Financial Group Inc. now owns 462,295 shares of the company’s stock worth $9,602,000 after purchasing an additional 3,551 shares during the last quarter. Finally, Kornitzer Capital Management Inc. KS purchased a new stake in shares of Guess? during the first quarter worth approximately $7,133,000. Institutional investors and hedge funds own 76.99% of the company’s stock.
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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