Versor Investments LP Acquires New Holdings in Guess?, Inc. (NYSE:GES)

Versor Investments LP bought a new position in shares of Guess?, Inc. (NYSE:GES) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 18,200 shares of the company’s stock, valued at approximately $256,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Atlas Legacy Advisors LLC acquired a new position in shares of Guess? during the fourth quarter worth $2,191,000. Sanctuary Advisors LLC raised its position in Guess? by 3.5% during the 4th quarter. Sanctuary Advisors LLC now owns 715,343 shares of the company’s stock worth $9,514,000 after purchasing an additional 24,313 shares during the last quarter. Empowered Funds LLC lifted its holdings in Guess? by 5.1% during the 4th quarter. Empowered Funds LLC now owns 263,961 shares of the company’s stock worth $3,711,000 after buying an additional 12,795 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Guess? by 23.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,533 shares of the company’s stock valued at $280,000 after buying an additional 3,906 shares during the last quarter. Finally, Verity Asset Management Inc. increased its stake in shares of Guess? by 41.5% in the fourth quarter. Verity Asset Management Inc. now owns 22,972 shares of the company’s stock valued at $323,000 after buying an additional 6,738 shares during the period. 61.74% of the stock is owned by institutional investors.

Analysts Set New Price Targets

GES has been the topic of a number of recent analyst reports. Telsey Advisory Group cut their price objective on Guess? from $21.00 to $18.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 27th. UBS Group lowered their price target on shares of Guess? from $18.00 to $16.00 and set a “neutral” rating for the company in a report on Wednesday, November 27th. Four equities research 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, Guess? has an average rating of “Hold” and a consensus price target of $25.00.

Guess? Stock Down 4.8 %

Shares of Guess? stock opened at $9.67 on Tuesday. The stock’s 50-day moving average is $12.80 and its 200 day moving average is $16.33. Guess?, Inc. has a one year low of $9.65 and a one year high of $33.50. The firm has a market cap of $497.59 million, a price-to-earnings ratio of 8.13 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.

About Guess?

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.