Guess?, Inc. (NYSE:GES) Shares Bought by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd lifted its position in Guess?, Inc. (NYSE:GES - Free Report) by 139.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,265 shares of the company's stock after acquiring an additional 36,287 shares during the period. Dynamic Technology Lab Private Ltd owned 0.12% of Guess? worth $1,253,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in GES. SummerHaven Investment Management LLC boosted its holdings in shares of Guess? by 1.7% during the 2nd quarter. SummerHaven Investment Management LLC now owns 38,433 shares of the company's stock worth $784,000 after purchasing an additional 642 shares during the last quarter. Quest Partners LLC boosted its stake in Guess? by 186.2% during the second quarter. Quest Partners LLC now owns 1,305 shares of the company's stock worth $27,000 after buying an additional 849 shares during the last quarter. EMC Capital Management grew its holdings in Guess? by 10.0% in the 1st quarter. EMC Capital Management now owns 9,908 shares of the company's stock valued at $312,000 after buying an additional 903 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Guess? by 4.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 23,315 shares of the company's stock worth $734,000 after acquiring an additional 1,076 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Guess? by 11.5% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,627 shares of the company's stock worth $334,000 after acquiring an additional 1,720 shares during the period. 61.74% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Telsey Advisory Group cut their price objective on shares of Guess? from $21.00 to $18.00 and set a "market perform" rating for the company in a research report on Wednesday. UBS Group cut their price target on shares of Guess? from $18.00 to $16.00 and set a "neutral" rating for the company in a report on Wednesday. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $25.00.

Guess? Stock Down 5.1 %

NYSE GES traded down $0.88 during trading hours on Wednesday, hitting $16.45. 1,445,229 shares of the company were exchanged, compared to its average volume of 1,115,213. The company has a 50 day moving average of $18.32 and a two-hundred day moving average of $20.77. The company has a quick ratio of 0.76, a current ratio of 1.47 and a debt-to-equity ratio of 1.01. The firm has a market cap of $845.86 million, a price-to-earnings ratio of 6.68 and a beta of 1.94. Guess?, Inc. has a 52-week low of $15.24 and a 52-week high of $33.50.

Guess? (NYSE:GES - Get Free Report) last issued its earnings results on Tuesday, November 26th. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.03). Guess? had a net margin of 6.05% and a return on equity of 24.18%. The firm had revenue of $738.52 million during the quarter, compared to analyst estimates of $747.36 million. During the same period last year, the business earned $0.49 EPS. The firm's revenue was up 13.4% compared to the same quarter last year. Equities research analysts anticipate that Guess?, Inc. will post 2.63 earnings per share for the current year.

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, activewear, knitwear, and intimate apparel.