Guess? (NYSE:GES) Trading Down 6.5% After Analyst Downgrade

Guess?, Inc. (NYSE:GES)’s share price was down 6.5% during trading on Tuesday after UBS Group lowered their price target on the stock from $15.00 to $12.00. UBS Group currently has a neutral rating on the stock. Guess? traded as low as $10.66 and last traded at $10.54. Approximately 188,411 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 1,180,208 shares. The stock had previously closed at $11.27.

Separately, Telsey Advisory Group dropped their price objective on shares of Guess? from $21.00 to $18.00 and set a “market perform” rating for the company in a report on Wednesday, November 27th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $24.00.

Institutional Investors Weigh In On Guess?

Several institutional investors and hedge funds have recently made changes to their positions in GES. Millennium Management LLC increased its position in Guess? by 160.2% during the 4th quarter. Millennium Management LLC now owns 1,159,249 shares of the company’s stock valued at $16,299,000 after purchasing an additional 713,666 shares during the period. Sanctuary Advisors LLC boosted its stake 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 valued at $13,910,000 after purchasing an additional 683,185 shares during the last quarter. Natixis boosted its stake in shares of Guess? by 743.5% in the 4th quarter. Natixis now owns 285,100 shares of the company’s stock valued at $4,009,000 after purchasing an additional 251,300 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Guess? by 7.6% during the fourth quarter. Vanguard Group Inc. now owns 3,274,565 shares of the company’s stock worth $46,040,000 after buying an additional 231,926 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Guess? by 7.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,290,336 shares of the company’s stock valued at $46,261,000 after buying an additional 228,601 shares during the period. Institutional investors and hedge funds own 61.74% of the company’s stock.

Guess? Stock Down 7.2 %

The company has a quick ratio of 0.74, a current ratio of 1.54 and a debt-to-equity ratio of 1.18. The stock’s 50-day simple moving average is $12.45 and its 200 day simple moving average is $15.95. The firm has a market cap of $537.98 million, a P/E ratio of 8.81 and a beta of 1.87.

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.