Guess?, Inc. (NYSE:GES) Short Interest Down 13.6% in June

Guess?, Inc. (NYSE:GES) was the target 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 company’s stock are short sold. Based on an average daily volume of 2,390,000 shares, the days-to-cover ratio is currently 4.1 days.

Guess? stock traded up $0.38 during mid-day trading on Friday, hitting $16.55. The company had a trading volume of 1,273,400 shares, compared to its average volume of 1,727,332. The stock has a market cap 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? has a 1 year low of $13.88 and a 1 year high of $26.95. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.68 and a current ratio of 1.42. The business has a fifty day moving average of $15.66.

Guess? (NYSE:GES) last announced its earnings results on Thursday, June 6th. The company reported ($0.25) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.01. The business had revenue of $537.00 million for 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 company’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period last year, the firm posted ($0.23) earnings per share. As a group, equities analysts expect that Guess? will post 1.26 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 5th. Stockholders of record on Wednesday, June 19th were given a dividend of $0.112 per share. The ex-dividend date of this dividend was Tuesday, June 18th. This represents a $0.45 dividend on an annualized basis and a dividend yield of 2.71%. Guess?’s dividend payout ratio (DPR) is presently 45.92%.

In other Guess? news, CEO Carlos Alberini purchased 347,353 shares of Guess? stock in a transaction dated Thursday, June 13th. The shares were acquired at an average price of $14.32 per share, with a total value of $4,974,094.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gianluca Bolla purchased 10,000 shares of Guess? stock in a transaction dated Wednesday, June 12th. The shares were acquired at an average cost of $14.73 per share, for a total transaction of $147,300.00. Following the transaction, the director now directly 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. 34.90% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. grew its position in shares of Guess? by 31.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,516 shares of the company’s stock worth $52,000 after acquiring an additional 598 shares during the last quarter. Mason Street Advisors LLC grew its position 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 acquiring an additional 601 shares during the last quarter. Piedmont Investment Advisors Inc. grew its position 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 acquiring an additional 770 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its position in shares of Guess? by 1.5% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 57,150 shares of the company’s stock worth $1,187,000 after acquiring an additional 858 shares during the last quarter. Finally, Comerica Bank grew its position in shares of Guess? by 2.3% during the first quarter. Comerica Bank now owns 56,154 shares of the company’s stock worth $1,039,000 after acquiring an additional 1,248 shares during the last quarter. Institutional investors and hedge funds own 76.99% of the company’s stock.

GES has been the topic of several research reports. Zacks Investment Research cut shares of HENGAN INTL GRP/ADR from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 21st. Telsey Advisory Group reiterated a “market perform” rating and issued a $19.00 price target (down from $22.00) on shares of Guess? in a research note on Tuesday, April 23rd. B. Riley set a $2.00 price target on shares of Ascena Retail Group and gave the company a “hold” rating in a research note on Friday, May 17th. Jefferies Financial Group set a $24.00 price target on shares of Guess? and gave the company a “buy” rating in a research note on Thursday, March 21st. Finally, ValuEngine lowered shares of Wolverine World Wide from a “hold” rating to a “sell” rating in a research note on Monday, May 20th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $23.50.

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.

Further Reading: What is an Initial Public Offering (IPO)?

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