Guess? (NYSE:GES) Sets New 52-Week Low - Time to Sell?

Shares of Guess?, Inc. (NYSE:GES - Get Free Report) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $11.79 and last traded at $11.94, with a volume of 43424 shares changing hands. The stock had previously closed at $11.90.

Wall Street Analyst Weigh In

A number of brokerages have commented on GES. UBS Group cut their price target on shares of Guess? from $18.00 to $16.00 and set a "neutral" rating on the stock in a research report on Wednesday, November 27th. Telsey Advisory Group decreased their target price on Guess? from $21.00 to $18.00 and set a "market perform" rating for the company in a research note on Wednesday, November 27th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $25.00.

Guess? Price Performance

The business's fifty day simple moving average is $13.05 and its 200 day simple moving average is $16.62. The firm has a market capitalization of $541.58 million, a price-to-earnings ratio of 8.84 and a beta of 1.88. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.54 and a quick ratio of 0.74.

Guess? (NYSE:GES - Get Free Report) last posted its quarterly earnings results on Tuesday, November 26th. The company reported $0.34 earnings per share for the quarter, missing analysts' consensus estimates of $0.37 by ($0.03). Guess? had a return on equity of 23.29% and a net margin of 3.19%. The firm had revenue of $738.52 million for the quarter, compared to analyst estimates of $747.36 million. During the same period last year, the company posted $0.49 earnings per share. The firm's quarterly revenue was up 13.4% compared to the same quarter last year. On average, research analysts forecast that Guess?, Inc. will post 1.92 EPS for the current year.

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Hedge Funds Weigh In On Guess?

Institutional investors have recently modified their holdings of the company. Quarry LP increased its stake in Guess? by 216.9% during the 3rd quarter. Quarry LP now owns 3,359 shares of the company's stock valued at $68,000 after purchasing an additional 2,299 shares in the last quarter. EMC Capital Management grew its holdings in shares of Guess? by 158.0% during the fourth quarter. EMC Capital Management now owns 9,908 shares of the company's stock valued at $139,000 after buying an additional 6,068 shares during the last quarter. Freestone Grove Partners LP bought a new stake in shares of Guess? during the fourth quarter worth about $171,000. Point72 Hong Kong Ltd acquired a new stake in shares of Guess? in the 4th quarter worth about $175,000. Finally, Jump Financial LLC bought a new position in Guess? in the 4th quarter valued at about $191,000. 61.74% of the stock is owned by institutional investors and hedge funds.

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.