UBS Group Has Lowered Expectations for Guess? (NYSE:GES) Stock Price

Guess? (NYSE:GES) had its price objective reduced by UBS Group from $15.00 to $12.00 in a report released on Tuesday morning,Benzinga reports. They currently have a neutral rating on the stock.

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

Guess? Stock Performance

Shares of GES stock opened at $10.20 on Tuesday. The firm has a market cap of $524.60 million, a price-to-earnings ratio of 8.57 and a beta of 1.87. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.74 and a current ratio of 1.54. Guess? has a 52 week low of $9.40 and a 52 week high of $33.50. The firm’s 50-day simple moving average is $12.37 and its two-hundred day simple moving average is $15.87.

Institutional Trading of Guess?

Several hedge funds and other institutional investors have recently modified their holdings of the business. Comerica Bank raised its position in shares of Guess? by 6.2% in the fourth quarter. Comerica Bank now owns 31,906 shares of the company’s stock valued at $449,000 after purchasing an additional 1,852 shares during the period. Segall Bryant & Hamill LLC raised its position 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 valued at $2,290,000 after purchasing an additional 2,288 shares during the period. Quarry LP raised its position in shares of Guess? by 216.9% in the third quarter. Quarry LP now owns 3,359 shares of the company’s stock valued at $68,000 after purchasing an additional 2,299 shares during the period. Algert Global LLC raised its position in shares of Guess? by 2.8% in the fourth quarter. Algert Global LLC now owns 89,903 shares of the company’s stock valued at $1,264,000 after purchasing an additional 2,435 shares during the period. Finally, AlphaQuest LLC increased its holdings in Guess? by 17.6% during the 4th quarter. AlphaQuest LLC now owns 20,498 shares of the company’s stock worth $288,000 after acquiring an additional 3,070 shares during the period. Institutional investors own 61.74% of the company’s stock.

Guess? Company 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.