Bank of New York Mellon Corp Decreases Stake in Guess?, Inc. (NYSE:GES)

Bank of New York Mellon Corp cut its position in shares of Guess?, Inc. (NYSE:GES - Free Report) by 69.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 187,512 shares of the company's stock after selling 423,013 shares during the period. Bank of New York Mellon Corp owned 0.36% of Guess? worth $2,636,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GES. Quarry LP boosted its stake in shares of Guess? by 216.9% during the 3rd quarter. Quarry LP now owns 3,359 shares of the company's stock worth $68,000 after acquiring an additional 2,299 shares in the last quarter. EMC Capital Management boosted its position in Guess? by 158.0% during the fourth quarter. EMC Capital Management now owns 9,908 shares of the company's stock worth $139,000 after purchasing an additional 6,068 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in Guess? by 23.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,533 shares of the company's stock worth $280,000 after purchasing an additional 3,906 shares in the last quarter. Verity Asset Management Inc. grew its holdings in Guess? by 41.5% in the fourth quarter. Verity Asset Management Inc. now owns 22,972 shares of the company's stock valued at $323,000 after purchasing an additional 6,738 shares during the period. Finally, Quest Partners LLC increased its position in shares of Guess? by 1,235.5% in the third quarter. Quest Partners LLC now owns 17,428 shares of the company's stock valued at $351,000 after buying an additional 16,123 shares in the last quarter. Institutional investors and hedge funds own 61.74% of the company's stock.

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Guess? Price Performance

Shares of NYSE GES traded down $0.23 during midday trading on Monday, hitting $11.75. The stock had a trading volume of 1,698,168 shares, compared to its average volume of 1,213,487. The company has a quick ratio of 0.74, a current ratio of 1.54 and a debt-to-equity ratio of 1.18. The stock has a 50 day simple moving average of $11.96 and a 200-day simple moving average of $15.35. The company has a market capitalization of $604.36 million, a PE ratio of 9.87 and a beta of 1.87. Guess?, Inc. has a 1 year low of $9.24 and a 1 year high of $33.50.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. UBS Group decreased their target price on Guess? from $15.00 to $12.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 11th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $18.00 price objective on shares of Guess? in a report on Tuesday, March 18th.

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.