Short Interest in Guess?, Inc. (NYSE:GES) Decreases By 20.4%
by Sarita Garza · The Markets DailyGuess?, Inc. (NYSE:GES – Get Free Report) saw a large drop in short interest during the month of December. As of December 15th, there was short interest totaling 3,745,563 shares, a drop of 20.4% from the November 30th total of 4,704,141 shares. Based on an average daily volume of 585,658 shares, the short-interest ratio is presently 6.4 days. Approximately 10.8% of the shares of the stock are sold short. Approximately 10.8% of the shares of the stock are sold short. Based on an average daily volume of 585,658 shares, the short-interest ratio is presently 6.4 days.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on GES. Weiss Ratings restated a “hold (c)” rating on shares of Guess? in a research report on Monday. Telsey Advisory Group reissued a “market perform” rating and issued a $16.75 target price on shares of Guess? in a report on Wednesday, November 26th. Finally, Zacks Research downgraded shares of Guess? from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 12th. Five analysts have rated the stock with a Hold rating, According to MarketBeat.com, Guess? currently has a consensus rating of “Hold” and a consensus target price of $16.75.
Check Out Our Latest Research Report on GES
Institutional Investors Weigh In On Guess?
A number of large investors have recently bought and sold shares of the stock. Oregon Public Employees Retirement Fund grew its position in Guess? by 9.5% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 6,912 shares of the company’s stock valued at $116,000 after purchasing an additional 600 shares during the period. Creative Planning lifted its stake in shares of Guess? by 3.8% in the third quarter. Creative Planning now owns 23,928 shares of the company’s stock valued at $400,000 after buying an additional 881 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Guess? by 4.7% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 20,277 shares of the company’s stock valued at $245,000 after buying an additional 915 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Guess? by 0.4% during the third quarter. JPMorgan Chase & Co. now owns 261,185 shares of the company’s stock worth $4,364,000 after acquiring an additional 925 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its holdings in shares of Guess? by 9.3% in the 3rd quarter. Louisiana State Employees Retirement System now owns 14,100 shares of the company’s stock worth $236,000 after acquiring an additional 1,200 shares during the last quarter. 61.74% of the stock is currently owned by institutional investors and hedge funds.
Guess? Price Performance
Shares of Guess? stock remained flat at $16.75 during midday trading on Wednesday. The company had a trading volume of 182,707 shares, compared to its average volume of 359,490. The stock’s fifty day moving average is $16.91 and its two-hundred day moving average is $15.55. Guess? has a one year low of $8.48 and a one year high of $17.15. The stock has a market capitalization of $873.51 million, a price-to-earnings ratio of 15.09 and a beta of 1.03. The company has a current ratio of 1.63, a quick ratio of 0.79 and a debt-to-equity ratio of 1.14.
Guess? (NYSE:GES – Get Free Report) last released its quarterly earnings results on Tuesday, November 25th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.10. Guess? had a net margin of 2.56% and a return on equity of 16.11%. The firm had revenue of $791.43 million during the quarter, compared to analyst estimates of $767.93 million. During the same quarter last year, the business earned $0.34 EPS. The company’s revenue was up 7.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Guess? will post 1.92 EPS for the current year.
Guess? Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Wednesday, December 10th were issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date was Wednesday, December 10th. Guess?’s payout ratio is presently 81.08%.
Guess? Company Profile
Guess?, Inc is a global fashion brand known for its lifestyle apparel, footwear and accessories. The company designs, markets and distributes a portfolio of apparel products under various brands, including its flagship Guess line and the premium Marciano label. Through its vertically integrated business model, Guess? oversees product development, manufacturing arrangements, marketing and distribution across wholesale and retail channels.
Guess?’s product offerings span denim, ready-to-wear, handbags, watches, jewelry and footwear for men, women and children.