Guess?, Inc. (NYSE:GES)’s stock price was up 15.4% during mid-day trading on Wednesday . The company traded as high as $8.96 and last traded at $9.01, approximately 190,405 shares were traded during trading. A decline of 93% from the average daily volume of 2,788,845 shares. The stock had previously closed at $7.81.
Several brokerages have weighed in on GES. Jefferies Financial Group lowered their target price on Guess? from $27.00 to $21.00 and set a “buy” rating on the stock in a research note on Monday, March 9th. Telsey Advisory Group lowered their target price on Guess? from $24.00 to $7.00 and set a “market perform” rating on the stock in a research note on Thursday, March 19th. B. Riley lowered their target price on Guess? from $20.00 to $17.00 and set a “buy” rating on the stock in a research note on Thursday. ValuEngine upgraded Guess? from a “sell” rating to a “hold” rating in a research note on Tuesday, February 25th. Finally, Cowen downgraded Guess? from an “outperform” rating to a “market perform” rating and set a $8.00 target price on the stock. in a research note on Tuesday. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $15.17.
The firm has a 50 day simple moving average of $15.68 and a two-hundred day simple moving average of $18.52. The company has a market capitalization of $512.64 million, a PE ratio of 5.55, a P/E/G ratio of 0.48 and a beta of 0.73. The company has a current ratio of 1.67, a quick ratio of 1.05 and a debt-to-equity ratio of 1.55.
Several institutional investors have recently bought and sold shares of GES. Scopus Asset Management L.P. boosted its stake in shares of Guess? by 55.9% in the fourth quarter. Scopus Asset Management L.P. now owns 1,950,000 shares of the company’s stock valued at $43,641,000 after buying an additional 699,100 shares in the last quarter. Norges Bank purchased a new stake in shares of Guess? in the fourth quarter valued at approximately $14,220,000. Cooper Creek Partners Management LLC purchased a new stake in shares of Guess? in the fourth quarter valued at approximately $6,837,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Guess? in the fourth quarter valued at approximately $3,526,000. Finally, Millennium Management LLC boosted its stake in shares of Guess? by 179.3% in the third quarter. Millennium Management LLC now owns 241,002 shares of the company’s stock valued at $4,465,000 after buying an additional 154,700 shares in the last quarter. Hedge funds and other institutional investors own 74.47% of the company’s stock.
Guess? Company Profile (NYSE:GES)
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, knitwear, and intimate apparel.
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