Guess?, Inc. (NYSE:GES - Get Free Report) shares gapped up before the market opened on Monday . The stock had previously closed at $9.70, but opened at $12.17. Guess? shares last traded at $12.35, with a volume of 1,347,245 shares.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on the stock. UBS Group lowered their target price 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. Telsey Advisory Group reiterated a "market perform" rating and set a $18.00 price target on shares of Guess? in a report on Tuesday. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $24.00.
Read Our Latest Analysis on GES
Guess? Trading Down 0.5 %
The firm's 50-day moving average price is $11.99 and its 200 day moving average price is $15.47. The company has a market cap of $616.76 million, a price-to-earnings ratio of 10.07 and a beta of 1.87. The company has a current ratio of 1.54, a quick ratio of 0.74 and a debt-to-equity ratio of 1.18.
Hedge Funds Weigh In On Guess?
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Foundry Partners LLC raised its stake in Guess? by 41.7% during the 3rd quarter. Foundry Partners LLC now owns 266,779 shares of the company's stock worth $5,370,000 after buying an additional 78,451 shares during the period. KBC Group NV bought a new stake in shares of Guess? during the fourth quarter valued at approximately $2,349,000. Atlas Legacy Advisors LLC acquired a new position in shares of Guess? during the fourth quarter worth approximately $2,191,000. Charles Schwab Investment Management Inc. raised its position in shares of Guess? by 4.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,215,395 shares of the company's stock worth $24,466,000 after purchasing an additional 54,990 shares during the period. Finally, Sanctuary Advisors LLC lifted its holdings in shares of Guess? by 8,708.5% in the 3rd quarter. Sanctuary Advisors LLC now owns 691,030 shares of the company's stock worth $13,910,000 after purchasing an additional 683,185 shares in the last quarter. Institutional investors own 61.74% of the company's stock.
Guess? Company Profile
(
Get 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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