Moors & Cabot Inc. Trims Stake in Guess?, Inc. (NYSE:GES)

Moors & Cabot Inc. reduced its stake in shares of Guess?, Inc. (NYSE:GES - Free Report) by 60.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,449 shares of the company's stock after selling 36,750 shares during the quarter. Moors & Cabot Inc.'s holdings in Guess? were worth $344,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Royce & Associates LP grew its holdings in Guess? by 224.0% in the third quarter. Royce & Associates LP now owns 49,808 shares of the company's stock valued at $1,003,000 after purchasing an additional 34,435 shares during the period. Empowered Funds LLC boosted its stake in shares of Guess? by 52.9% in the third quarter. Empowered Funds LLC now owns 251,166 shares of the company's stock worth $5,056,000 after acquiring an additional 86,940 shares during the last quarter. Quest Partners LLC boosted its stake in shares of Guess? by 1,235.5% in the third quarter. Quest Partners LLC now owns 17,428 shares of the company's stock worth $351,000 after acquiring an additional 16,123 shares during the last quarter. Segall Bryant & Hamill LLC boosted its stake in shares of Guess? by 2.1% in the third quarter. Segall Bryant & Hamill LLC now owns 113,775 shares of the company's stock worth $2,290,000 after acquiring an additional 2,288 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new stake in shares of Guess? in the third quarter worth approximately $918,000. 61.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $18.00 price target on shares of Guess? in a research note on Tuesday. UBS Group lowered their price target on Guess? from $15.00 to $12.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 11th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $24.00.

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Guess? Trading Up 0.6 %

Guess? stock traded up $0.08 during trading on Wednesday, reaching $12.27. 2,045,296 shares of the company were exchanged, compared to its average volume of 1,221,536. Guess?, Inc. has a 52-week low of $9.24 and a 52-week high of $33.50. The company has a market capitalization of $631.12 million, a P/E ratio of 10.31 and a beta of 1.87. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.54 and a quick ratio of 0.74. The stock's 50 day simple moving average is $12.05 and its two-hundred day simple moving average is $15.52.

Guess? 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.