Short Interest in Guess?, Inc. (NYSE:GES) Decreases By 20.4%

by · The Cerbat Gem

Guess?, Inc. (NYSE:GESGet Free Report) was the target of a significant 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. Currently, 10.8% of the shares of the company are sold short. Based on an average daily trading volume, of 585,658 shares, the short-interest ratio is currently 6.4 days. Based on an average daily trading volume, of 585,658 shares, the short-interest ratio is currently 6.4 days. Currently, 10.8% of the shares of the company are sold short.

Guess? Stock Performance

NYSE GES opened at $16.76 on Tuesday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.63 and a quick ratio of 0.79. The company has a market cap of $873.77 million, a P/E ratio of 15.09 and a beta of 1.03. The stock has a 50-day moving average of $16.92 and a two-hundred day moving average of $15.51. Guess? has a 1-year low of $8.48 and a 1-year high of $17.15.

Guess? (NYSE:GESGet Free Report) last posted its quarterly earnings data on Tuesday, November 25th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.25 by $0.10. The business had revenue of $791.43 million during the quarter, compared to analyst estimates of $767.93 million. Guess? had a net margin of 2.56% and a return on equity of 16.11%. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.34 earnings per share. As a group, analysts anticipate that Guess? will post 1.92 EPS for the current year.

Guess? Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Wednesday, December 10th were paid a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 5.4%. The ex-dividend date was Wednesday, December 10th. Guess?’s dividend payout ratio (DPR) is presently 81.08%.

Institutional Investors Weigh In On Guess?

A number of hedge funds have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Guess? during the second quarter worth approximately $11,727,000. Senvest Management LLC purchased a new stake in shares of Guess? in the 2nd quarter valued at approximately $8,251,000. ABC Arbitrage SA acquired a new stake in shares of Guess? in the 3rd quarter valued at $6,079,000. Alpine Associates Management Inc. purchased a new stake in shares of Guess? during the 3rd quarter worth $5,772,000. Finally, Alberta Investment Management Corp purchased a new stake in shares of Guess? during the 3rd quarter worth $5,479,000. Institutional investors and hedge funds own 61.74% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Guess? in a report on Tuesday, December 23rd. Zacks Research lowered shares of Guess? from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 12th. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $16.75 price objective on shares of Guess? in a report on Wednesday, November 26th. Five equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $16.75.

Check Out Our Latest Stock Report on Guess?

About Guess?

(Get Free Report)

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.

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