Semanteon Capital Management LP Invests $410,000 in Guess?, Inc. (NYSE:GES)

Semanteon Capital Management LP purchased a new position in Guess?, Inc. (NYSE:GES) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 29,176 shares of the company’s stock, valued at approximately $410,000. Semanteon Capital Management LP owned approximately 0.06% of Guess? at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Intech Investment Management LLC lifted its position in shares of Guess? by 202.2% in the fourth quarter. Intech Investment Management LLC now owns 137,810 shares of the company’s stock worth $1,938,000 after purchasing an additional 92,207 shares in the last quarter. Royce & Associates LP raised its position in Guess? by 55.3% during the fourth quarter. Royce & Associates LP now owns 77,366 shares of the company’s stock valued at $1,088,000 after acquiring an additional 27,558 shares in the last quarter. Commonwealth Equity Services LLC bought a new position in Guess? during the fourth quarter valued at approximately $226,000. Swiss National Bank raised its position in Guess? by 24.4% during the fourth quarter. Swiss National Bank now owns 65,700 shares of the company’s stock valued at $924,000 after acquiring an additional 12,900 shares in the last quarter. Finally, AlphaQuest LLC raised its position in Guess? by 17.6% during the fourth quarter. AlphaQuest LLC now owns 20,498 shares of the company’s stock valued at $288,000 after acquiring an additional 3,070 shares in the last quarter. 61.74% of the stock is owned by hedge funds and other institutional investors.

Guess? Trading Down 0.5 %

Shares of GES stock opened at $11.99 on Friday. Guess?, Inc. has a 12 month low of $9.24 and a 12 month high of $33.50. 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 business’s 50 day moving average is $11.96 and its two-hundred day moving average is $15.41. The company has a market cap of $616.76 million, a PE ratio of 10.07 and a beta of 1.87.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on GES shares. Telsey Advisory Group reaffirmed a “market perform” rating and set a $18.00 price objective on shares of Guess? in a research report on Tuesday. UBS Group cut their price objective 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.

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.