Telsey Advisory Group Issues Pessimistic Forecast for Guess? (NYSE:GES) Stock Price

Guess? (NYSE:GES) had its price target lowered by Telsey Advisory Group from $18.00 to $13.00 in a report released on Wednesday,Briefing.com Automated Import reports. The firm presently has a “market perform” rating on the stock. Telsey Advisory Group’s price objective would suggest a potential upside of 10.64% from the company’s current price.

Separately, UBS Group decreased their price objective on Guess? from $15.00 to $12.00 and set a “neutral” rating for the company in a report on Tuesday, March 11th.

Guess? Price Performance

Guess? stock opened at $11.75 on Wednesday. The company has a market capitalization of $604.62 million, a P/E ratio of 9.87 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 fifty-two week low of $9.24 and a fifty-two week high of $33.50. The stock has a 50-day simple moving average of $11.91 and a 200-day simple moving average of $15.24.

Institutional Trading of Guess?

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its stake in shares of Guess? by 7.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,290,336 shares of the company’s stock valued at $46,261,000 after purchasing an additional 228,601 shares during the last quarter. Vanguard Group Inc. lifted its holdings 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 purchasing an additional 231,926 shares during the period. Charles Schwab Investment Management Inc. grew its position in Guess? by 13.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,383,177 shares of the company’s stock valued at $19,447,000 after buying an additional 167,782 shares during the last quarter. Millennium Management LLC increased its stake in Guess? by 160.2% in the 4th quarter. Millennium Management LLC now owns 1,159,249 shares of the company’s stock valued at $16,299,000 after buying an additional 713,666 shares during the period. Finally, BNP Paribas Financial Markets raised its position in Guess? by 8.6% during the 4th quarter. BNP Paribas Financial Markets now owns 1,020,538 shares of the company’s stock worth $14,349,000 after buying an additional 80,944 shares during the last quarter. 61.74% of the stock is owned by hedge funds and other institutional investors.

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.