Intech Investment Management LLC Acquires 92,207 Shares of Guess?, Inc. (NYSE:GES)

Intech Investment Management LLC increased its stake in shares of Guess?, Inc. (NYSE:GES - Free Report) by 202.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 137,810 shares of the company's stock after purchasing an additional 92,207 shares during the quarter. Intech Investment Management LLC owned about 0.27% of Guess? worth $1,938,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Sanctuary Advisors LLC lifted its holdings in Guess? by 8,708.5% during the 3rd quarter. Sanctuary Advisors LLC now owns 691,030 shares of the company's stock worth $13,910,000 after buying an additional 683,185 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Guess? by 13.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,383,177 shares of the company's stock worth $19,447,000 after acquiring an additional 167,782 shares during the last quarter. KBC Group NV acquired a new position in shares of Guess? during the fourth quarter valued at $2,349,000. Atlas Legacy Advisors LLC bought a new position in Guess? in the fourth quarter valued at about $2,191,000. Finally, Foundry Partners LLC increased its position in Guess? by 41.7% in the third quarter. Foundry Partners LLC now owns 266,779 shares of the company's stock worth $5,370,000 after purchasing an additional 78,451 shares during the period. 61.74% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on GES. UBS Group cut their target price on shares of Guess? from $15.00 to $12.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 11th. Telsey Advisory Group restated a "market perform" rating and issued a $18.00 price objective on shares of Guess? in a report on Tuesday, March 18th.

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Guess? Price Performance

NYSE GES remained flat at $11.75 on Tuesday. The company had a trading volume of 2,337,201 shares, compared to its average volume of 1,213,452. Guess?, Inc. has a fifty-two week low of $9.24 and a fifty-two week high of $33.50. The company has a 50 day moving average of $11.93 and a 200 day moving average of $15.29. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.74 and a current ratio of 1.54. The company has a market capitalization of $604.62 million, a PE ratio of 9.87 and a beta of 1.87.

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.