Guess?, Inc. (NYSE:GES – Get Free Report) was the target of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 8,340,000 shares, a growth of 5.2% from the October 15th total of 7,930,000 shares. Based on an average daily volume of 1,020,000 shares, the short-interest ratio is currently 8.2 days. Approximately 31.4% of the company’s shares are sold short.
Insider Activity at Guess?
In other Guess? news, Director Deborah Weinswig sold 6,896 shares of the company’s stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $23.03, for a total value of $158,814.88. Following the sale, the director now owns 19,173 shares in the company, valued at approximately $441,554.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 49.10% of the stock is currently owned by company insiders.
Institutional Trading of Guess?
Several institutional investors and hedge funds have recently modified their holdings of GES. Vanguard Group Inc. raised its holdings in shares of Guess? by 4.2% in the first quarter. Vanguard Group Inc. now owns 4,555,857 shares of the company’s stock valued at $99,546,000 after purchasing an additional 184,983 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Guess? by 1.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,970,545 shares of the company’s stock valued at $86,760,000 after buying an additional 50,371 shares during the last quarter. State Street Corp lifted its position in shares of Guess? by 2.2% during the 2nd quarter. State Street Corp now owns 1,499,678 shares of the company’s stock worth $29,169,000 after buying an additional 32,367 shares in the last quarter. Marshall Wace LLP boosted its stake in shares of Guess? by 134.2% in the 2nd quarter. Marshall Wace LLP now owns 1,439,324 shares of the company’s stock worth $27,995,000 after buying an additional 824,836 shares during the last quarter. Finally, LSV Asset Management grew its holdings in shares of Guess? by 147.8% in the third quarter. LSV Asset Management now owns 1,378,389 shares of the company’s stock valued at $29,828,000 after acquiring an additional 822,089 shares in the last quarter. 61.74% of the stock is owned by hedge funds and other institutional investors.
Guess? Stock Up 4.4 %
Guess? (NYSE:GES – Get Free Report) last posted its quarterly earnings results on Wednesday, August 23rd. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.32. Guess? had a net margin of 5.40% and a return on equity of 31.02%. The business had revenue of $664.51 million during the quarter, compared to the consensus estimate of $640.50 million. During the same quarter last year, the firm posted $0.39 EPS. Guess?’s revenue was up 3.4% compared to the same quarter last year. On average, equities research analysts expect that Guess? will post 3.01 EPS for the current fiscal year.
Guess? Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Wednesday, September 6th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, September 5th. This represents a $1.20 dividend on an annualized basis and a yield of 5.02%. Guess?’s dividend payout ratio (DPR) is currently 56.34%.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on the stock. Telsey Advisory Group reissued a “market perform” rating and set a $23.00 target price on shares of Guess? in a research note on Thursday. TheStreet upgraded Guess? from a “c+” rating to a “b” rating in a research report on Wednesday, August 23rd. B. Riley assumed coverage on Guess? in a report on Monday, September 11th. They issued a “buy” rating and a $31.00 target price for the company. Finally, StockNews.com started coverage on Guess? in a report on Thursday, October 5th. They set a “buy” rating on the stock. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Guess? has a consensus rating of “Moderate Buy” and a consensus price target of $25.33.
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.
- Five stocks we like better than Guess?
- Basic Materials Stocks Investing
- 3 large caps with red hot RSIs with upside
- How to Invest in Pharmaceutical Companies
- Johnson Controls International: Nothing but upside for investors
- What is a Special Dividend?
- Unity Software’s resilient rebound post-earnings setback
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.