Guess?, Inc. (NYSE:GES) Short Interest Down 5.2% in June

Guess?, Inc. (NYSE:GESGet Free Report) was the target of a significant decline in short interest in June. As of June 15th, there was short interest totalling 8,900,000 shares, a decline of 5.2% from the May 31st total of 9,390,000 shares. Based on an average daily trading volume, of 1,540,000 shares, the days-to-cover ratio is presently 5.8 days. Approximately 32.0% of the shares of the stock are sold short.

Analysts Set New Price Targets

Several brokerages recently commented on GES. StockNews.com cut Guess? from a “buy” rating to a “hold” rating in a research report on Monday, June 3rd. Jefferies Financial Group boosted their price objective on Guess? from $24.00 to $29.00 and gave the stock a “hold” rating in a research note on Thursday, March 21st. B. Riley reissued a “buy” rating and set a $37.00 price objective (up previously from $33.00) on shares of Guess? in a research note on Monday, April 8th. UBS Group lowered their price objective on Guess? from $32.00 to $29.00 and set a “neutral” rating on the stock in a research note on Thursday, May 23rd. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $30.00 price target on shares of Guess? in a research note on Wednesday, May 29th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $31.25.

Check Out Our Latest Stock Analysis on Guess?

Insider Activity

In related news, CEO Carlos Alberini sold 211,797 shares of the business’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $30.32, for a total transaction of $6,421,685.04. Following the completion of the sale, the chief executive officer now directly owns 1,269,778 shares in the company, valued at $38,499,668.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 30.30% of the company’s stock.

Institutional Investors Weigh In On Guess?

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in Guess? by 15.7% during the 1st quarter. Vanguard Group Inc. now owns 3,879,570 shares of the company’s stock worth $122,090,000 after purchasing an additional 525,064 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Guess? by 2.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,503,612 shares of the company’s stock valued at $80,795,000 after acquiring an additional 85,562 shares during the last quarter. LSV Asset Management increased its holdings in shares of Guess? by 5.0% in the 4th quarter. LSV Asset Management now owns 1,447,889 shares of the company’s stock valued at $33,388,000 after acquiring an additional 69,500 shares during the last quarter. Hennessy Advisors Inc. increased its holdings in shares of Guess? by 14.1% in the 1st quarter. Hennessy Advisors Inc. now owns 1,141,100 shares of the company’s stock valued at $35,910,000 after acquiring an additional 141,000 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Guess? by 7.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 978,648 shares of the company’s stock valued at $22,568,000 after acquiring an additional 66,578 shares during the last quarter. Hedge funds and other institutional investors own 61.74% of the company’s stock.

Guess? Price Performance

GES opened at $19.94 on Wednesday. The stock’s 50-day moving average price is $23.87 and its 200 day moving average price is $24.78. Guess? has a 12-month low of $17.92 and a 12-month high of $33.50. The company has a current ratio of 1.57, a quick ratio of 0.85 and a debt-to-equity ratio of 0.92. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 5.95 and a beta of 1.92.

Guess? (NYSE:GESGet Free Report) last posted its earnings results on Thursday, May 30th. The company reported ($0.27) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.40) by $0.13. Guess? had a return on equity of 26.92% and a net margin of 7.97%. The firm had revenue of $591.90 million for the quarter, compared to analyst estimates of $574.64 million. During the same quarter in the prior year, the company earned ($0.07) EPS. Guess?’s revenue was up 3.9% on a year-over-year basis. As a group, sell-side analysts expect that Guess? will post 2.91 earnings per share for the current year.

Guess? announced that its Board of Directors has authorized a stock buyback program on Monday, April 1st that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 14.7% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Guess? Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Wednesday, June 12th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, June 12th. This represents a $1.20 annualized dividend and a yield of 6.02%. Guess?’s dividend payout ratio (DPR) is 35.82%.

Guess? Company Profile

(Get Free Report)

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, activewear, knitwear, and intimate apparel.

Read More

Receive News & Ratings for Guess? Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Guess? and related companies with MarketBeat.com's FREE daily email newsletter.