Investors Purchase High Volume of Guess? Put Options (GES)

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Guess?, Inc. (NYSE:GES) was the target of unusually large options trading on Thursday. Stock traders bought 2,255 put options on the stock. This represents an increase of approximately 1,219% compared to the typical daily volume of 171 put options.

Shares of Guess? stock opened at $22.01 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.93 and a quick ratio of 0.95. The stock has a market capitalization of $1.85 billion, a P/E ratio of 31.44, a PEG ratio of 1.27 and a beta of 0.39. Guess? has a fifty-two week low of $14.17 and a fifty-two week high of $26.95.

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

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 2nd. Investors of record on Wednesday, December 12th were issued a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 4.09%. The ex-dividend date was Tuesday, December 11th. Guess?’s dividend payout ratio is currently 128.57%.

In related news, Director Anthony Chidoni sold 12,000 shares of the business’s stock in a transaction dated Friday, December 21st. The stock was sold at an average price of $18.87, for a total value of $226,440.00. Following the transaction, the director now owns 172,290 shares in the company, valued at $3,251,112.30. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 31.30% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc increased its holdings in Guess? by 1.8% in the third quarter. Vanguard Group Inc now owns 5,839,117 shares of the company’s stock valued at $131,965,000 after buying an additional 104,828 shares during the last quarter. Marshall Wace LLP bought a new stake in Guess? in the third quarter valued at about $6,852,000. Vanguard Group Inc. increased its holdings in Guess? by 1.8% in the third quarter. Vanguard Group Inc. now owns 5,839,117 shares of the company’s stock valued at $131,965,000 after buying an additional 104,828 shares during the last quarter. Legal & General Group Plc increased its holdings in Guess? by 6.3% in the third quarter. Legal & General Group Plc now owns 175,433 shares of the company’s stock valued at $3,965,000 after buying an additional 10,341 shares during the last quarter. Finally, Teachers Advisors LLC increased its holdings in Guess? by 2.4% in the third quarter. Teachers Advisors LLC now owns 112,150 shares of the company’s stock valued at $2,535,000 after buying an additional 2,635 shares during the last quarter. 70.52% of the stock is owned by hedge funds and other institutional investors.

GES has been the topic of several recent analyst reports. Zacks Investment Research upgraded 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. TheStreet cut Guess? from a “b” rating to a “c+” rating in a research note on Thursday, November 29th. Finally, ValuEngine cut Guess? from a “buy” rating to a “hold” rating in a research note on Thursday, December 13th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $22.60.

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About Guess?

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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