Royce & Associates LP boosted its holdings in Guess?, Inc. (NYSE:GES - Free Report) by 55.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,366 shares of the company's stock after purchasing an additional 27,558 shares during the period. Royce & Associates LP owned about 0.15% of Guess? worth $1,088,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GES. Foundry Partners LLC raised its stake in shares of 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 purchasing an additional 78,451 shares in the last quarter. KBC Group NV acquired a new position in Guess? during the fourth quarter worth $2,349,000. Atlas Legacy Advisors LLC bought a new stake in Guess? during the fourth quarter worth $2,191,000. Charles Schwab Investment Management Inc. lifted its stake in Guess? by 4.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,215,395 shares of the company's stock valued at $24,466,000 after acquiring an additional 54,990 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd grew its position in shares of Guess? by 139.7% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 62,265 shares of the company's stock valued at $1,253,000 after acquiring an additional 36,287 shares during the period. 61.74% of the stock is currently owned by institutional investors and hedge funds.
Guess? Stock Performance
Shares of NYSE:GES traded down $0.21 during trading on Wednesday, reaching $11.48. 1,186,708 shares of the stock were exchanged, compared to its average volume of 1,215,082. Guess?, Inc. has a 12 month low of $9.24 and a 12 month high of $33.50. The stock has a 50-day moving average price of $11.91 and a 200-day moving average price of $15.24. The company has a current ratio of 1.54, a quick ratio of 0.74 and a debt-to-equity ratio of 1.18. The firm has a market cap of $590.78 million, a PE ratio of 9.65 and a beta of 1.87.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on the stock. UBS Group dropped their target price on shares of Guess? from $15.00 to $12.00 and set a "neutral" rating on the stock in a report on Tuesday, March 11th. Telsey Advisory Group cut their price target on Guess? from $18.00 to $13.00 and set a "market perform" rating for the company in a report on Wednesday.
View Our Latest Stock Report on GES
Guess? Company Profile
(
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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