Guess? (NYSE:GES) Given "Market Perform" Rating at Telsey Advisory Group

Telsey Advisory Group reaffirmed their market perform rating on shares of Guess? (NYSE:GES - Free Report) in a research note released on Tuesday morning,Benzinga reports. Telsey Advisory Group currently has a $18.00 price objective on the stock.

Separately, UBS Group reduced their price objective on shares of Guess? from $15.00 to $12.00 and set a "neutral" rating for the company in a research note on Tuesday, March 11th.

Guess? Stock Performance

GES traded down $0.06 during trading on Tuesday, hitting $11.99. The company's stock had a trading volume of 6,526,371 shares, compared to its average volume of 1,216,176. The company has a quick ratio of 0.74, a current ratio of 1.54 and a debt-to-equity ratio of 1.18. Guess? has a one year low of $9.24 and a one year high of $33.50. The firm has a market cap of $616.76 million, a PE ratio of 10.07 and a beta of 1.87. The business's 50 day simple moving average is $11.96 and its 200-day simple moving average is $15.41.

Institutional Trading of Guess?

Hedge funds and other institutional investors have recently modified their holdings of the company. Millennium Management LLC grew its stake in Guess? by 160.2% during the fourth quarter. Millennium Management LLC now owns 1,159,249 shares of the company's stock valued at $16,299,000 after acquiring an additional 713,666 shares in the last quarter. Sanctuary Advisors LLC grew its stake in Guess? by 8,708.5% during the third quarter. Sanctuary Advisors LLC now owns 691,030 shares of the company's stock valued at $13,910,000 after acquiring an additional 683,185 shares in the last quarter. Natixis grew its stake in Guess? by 743.5% during the fourth quarter. Natixis now owns 285,100 shares of the company's stock valued at $4,009,000 after acquiring an additional 251,300 shares in the last quarter. Vanguard Group Inc. grew its stake in Guess? by 7.6% during the fourth quarter. Vanguard Group Inc. now owns 3,274,565 shares of the company's stock valued at $46,040,000 after acquiring an additional 231,926 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Guess? by 7.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,290,336 shares of the company's stock valued at $46,261,000 after acquiring an additional 228,601 shares in the last quarter. 61.74% of the stock is owned by hedge funds and other 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, activewear, knitwear, and intimate apparel.