Guess? Sees Unusually High Options Volume (GES)

Guess?, Inc. (NYSE:GES) was the recipient of some unusual options trading activity on Thursday. Stock traders purchased 2,255 put options on the company. This is an increase of approximately 1,219% compared to the typical daily volume of 171 put options.

GES has been the topic of a number of research analyst reports. ValuEngine raised shares of Guess? from a “hold” rating to a “buy” rating in a research note on Wednesday, December 26th. Zacks Investment Research raised shares of Guess? from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Friday, November 30th. Finally, TheStreet cut shares of Guess? from a “b” rating to a “c+” rating in a research note on Thursday, November 29th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $22.60.

Shares of GES opened at $21.99 on Friday. Guess? has a 52-week low of $14.17 and a 52-week high of $26.95. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.95 and a current ratio of 1.93. The firm has a market cap of $1.85 billion, a price-to-earnings ratio of 31.41, a price-to-earnings-growth ratio of 1.27 and a beta of 0.39.

Guess? (NYSE:GES) last announced its earnings results on Wednesday, November 28th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.03). Guess? had a positive return on equity of 8.39% and a negative net margin of 0.32%. The business had revenue of $605.00 million for the quarter, compared to analyst estimates of $603.08 million. During the same period last year, the firm earned $0.12 EPS. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. As a group, analysts forecast that Guess? will post 1.02 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 2nd. Shareholders of record on Wednesday, December 12th were paid a dividend of $0.225 per share. The ex-dividend date was Tuesday, December 11th. This represents a $0.90 annualized dividend and a yield of 4.09%. Guess?’s dividend payout ratio (DPR) is presently 128.57%.

In related news, Director Anthony Chidoni sold 12,000 shares of Guess? stock in a transaction on Friday, December 21st. The shares were sold at an average price of $18.87, for a total value of $226,440.00. Following the sale, the director now owns 172,290 shares of the company’s stock, valued at approximately $3,251,112.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 31.30% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in GES. Contravisory Investment Management Inc. purchased a new position in shares of Guess? during the 3rd quarter worth $139,000. Federated Investors Inc. PA raised its holdings in shares of Guess? by 99.8% during the 2nd quarter. Federated Investors Inc. PA now owns 7,725 shares of the company’s stock worth $165,000 after acquiring an additional 3,859 shares during the period. Hartford Investment Management Co. purchased a new position in shares of Guess? during the 3rd quarter worth $204,000. Everence Capital Management Inc. purchased a new position in shares of Guess? during the 3rd quarter worth $209,000. Finally, Bridgewater Associates LP purchased a new position in shares of Guess? during the 2nd quarter worth $210,000. 70.52% of the stock is currently owned by institutional investors.

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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.

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