Short Interest in Guess?, Inc. (NYSE:GES) Declines By 6.1%

Guess?, Inc. (NYSE:GES - Get Free Report) was the target of a significant decrease in short interest in July. As of July 31st, there was short interest totalling 9,490,000 shares, a decrease of 6.1% from the July 15th total of 10,110,000 shares. Currently, 34.0% of the shares of the stock are short sold. Based on an average daily volume of 1,360,000 shares, the short-interest ratio is presently 7.0 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Pacer Advisors Inc. purchased a new position in Guess? in the second quarter valued at $82,286,000. Vanguard Group Inc. boosted its holdings in Guess? by 15.7% in the first quarter. Vanguard Group Inc. now owns 3,879,570 shares of the company's stock valued at $122,090,000 after purchasing an additional 525,064 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Guess? by 2.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,503,612 shares of the company's stock valued at $80,795,000 after purchasing an additional 85,562 shares during the period. Hennessy Advisors Inc. boosted its holdings in Guess? by 41.6% in the second quarter. Hennessy Advisors Inc. now owns 1,615,800 shares of the company's stock valued at $32,962,000 after purchasing an additional 474,700 shares during the period. Finally, LSV Asset Management boosted its holdings in Guess? by 0.6% in the second quarter. LSV Asset Management now owns 1,454,320 shares of the company's stock valued at $29,668,000 after purchasing an additional 9,100 shares during the period. 61.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on GES. UBS Group cut their price target on Guess? from $32.00 to $29.00 and set a "neutral" rating for the company in a report on Thursday, May 23rd. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $30.00 price target on shares of Guess? in a report on Wednesday, May 29th. Finally, StockNews.com cut Guess? from a "buy" rating to a "hold" rating in a report on Monday, June 3rd. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Guess? currently has a consensus rating of "Hold" and a consensus price target of $31.25.

Guess? Trading Down 4.8 %

Guess? stock traded down $1.08 during mid-day trading on Monday, hitting $21.42. The company's stock had a trading volume of 1,133,310 shares, compared to its average volume of 1,234,335. The firm has a market capitalization of $1.15 billion, a PE ratio of 6.72 and a beta of 1.91. Guess? has a 1 year low of $17.92 and a 1 year 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 stock's fifty day moving average is $21.95 and its two-hundred day moving average is $24.62.

Guess? (NYSE:GES - Get Free Report) last issued its quarterly earnings data on Thursday, May 30th. The company reported ($0.27) earnings per share for the quarter, topping the consensus estimate of ($0.40) by $0.13. The company had revenue of $591.90 million during the quarter, compared to analyst estimates of $574.64 million. Guess? had a return on equity of 26.92% and a net margin of 7.97%. The firm's revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.07) earnings per share. On average, analysts anticipate that Guess? will post 2.88 EPS for the current year.

Guess? Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Wednesday, June 12th were given 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 dividend yield of 5.60%. Guess?'s dividend payout ratio is currently 35.82%.

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, activewear, knitwear, and intimate apparel.