Charles Schwab Investment Management Inc. raised its position in Guess?, Inc. (NYSE:GES - Free Report) by 13.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,383,177 shares of the company's stock after acquiring an additional 167,782 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 2.69% of Guess? worth $19,447,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of GES. Versor Investments LP purchased a new position in shares of Guess? in the 4th quarter valued at about $256,000. Atlas Legacy Advisors LLC purchased a new position in shares of Guess? in the 4th quarter valued at about $2,191,000. Sanctuary Advisors LLC boosted its stake in shares of Guess? by 3.5% in the 4th quarter. Sanctuary Advisors LLC now owns 715,343 shares of the company's stock valued at $9,514,000 after buying an additional 24,313 shares during the period. Empowered Funds LLC boosted its stake in shares of Guess? by 5.1% in the 4th quarter. Empowered Funds LLC now owns 263,961 shares of the company's stock valued at $3,711,000 after buying an additional 12,795 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Guess? by 23.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,533 shares of the company's stock valued at $280,000 after buying an additional 3,906 shares during the period. 61.74% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
GES has been the subject of several recent research reports. Telsey Advisory Group reiterated a "market perform" rating and issued a $18.00 price objective on shares of Guess? in a research note on Tuesday, March 18th. UBS Group decreased their target price on Guess? from $15.00 to $12.00 and set a "neutral" rating for the company in a research note on Tuesday, March 11th.
View Our Latest Stock Report on Guess?
Guess? Stock Down 0.5 %
GES stock traded down $0.06 during trading on Friday, hitting $11.99. 6,526,371 shares of the company's stock were exchanged, compared to its average volume of 1,211,542. The business has a 50-day moving average price of $11.96 and a two-hundred day moving average price of $15.38. The stock has a market capitalization of $616.76 million, a price-to-earnings ratio of 10.07 and a beta of 1.87. Guess?, Inc. has a 52-week low of $9.24 and a 52-week high of $33.50. The company has a current ratio of 1.54, a quick ratio of 0.74 and a debt-to-equity ratio of 1.18.
About Guess?
(
Free Report)
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.
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