1620 Investment Advisors Inc. Sells 8,689 Shares of Guess?, Inc. (NYSE:GES)

1620 Investment Advisors Inc. cut its holdings in shares of Guess?, Inc. (NYSE:GES) by 44.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,973 shares of the company’s stock after selling 8,689 shares during the period. 1620 Investment Advisors Inc.’s holdings in Guess? were worth $154,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Quarry LP grew its position in Guess? by 216.9% during the 3rd quarter. Quarry LP now owns 3,359 shares of the company’s stock worth $68,000 after acquiring an additional 2,299 shares during the last quarter. EMC Capital Management grew its position in Guess? by 158.0% during the 4th quarter. EMC Capital Management now owns 9,908 shares of the company’s stock worth $139,000 after acquiring an additional 6,068 shares during the last quarter. Amundi grew its position in Guess? by 109.6% during the 4th quarter. Amundi now owns 14,291 shares of the company’s stock worth $193,000 after acquiring an additional 7,472 shares during the last quarter. Commonwealth Equity Services LLC acquired a new position in Guess? during the 4th quarter worth $226,000. Finally, Versor Investments LP acquired a new position in Guess? during the 4th quarter worth $256,000. 61.74% of the stock is currently owned by institutional investors.

Guess? Stock Performance

GES stock opened at $12.05 on Friday. The business’s fifty day moving average is $11.99 and its 200-day moving average is $15.47. 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 company has a market cap of $619.80 million, a P/E ratio of 10.12 and a beta of 1.87. Guess?, Inc. has a twelve month low of $9.24 and a twelve month high of $33.50.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. UBS Group reduced their price objective on Guess? from $15.00 to $12.00 and set a “neutral” rating on the stock in a report on Tuesday, March 11th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $18.00 price objective on shares of Guess? in a report on Tuesday. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Guess? currently has an average rating of “Hold” and an average price target of $24.00.

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.