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

Guess? (NYSE:GES) had its target price reduced by analysts at UBS Group from $15.00 to $12.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s target price would suggest a potential upside of 19.23% from the company’s previous close.

Separately, Telsey Advisory Group dropped their price objective on Guess? from $21.00 to $18.00 and set a “market perform” rating for the company in a report on Wednesday, November 27th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $24.00.

Guess? Trading Down 1.2 %

NYSE GES opened at $10.07 on Tuesday. The stock has a 50-day simple moving average of $12.29 and a 200 day simple moving average of $15.83. The company has a market capitalization of $517.91 million, a PE ratio of 8.46 and a beta of 1.87. The company has a current ratio of 1.54, a quick ratio of 0.74 and a debt-to-equity ratio of 1.18. Guess? has a 12 month low of $9.40 and a 12 month high of $33.50.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Comerica Bank boosted its position in shares of Guess? by 6.2% during the fourth quarter. Comerica Bank now owns 31,906 shares of the company’s stock worth $449,000 after buying an additional 1,852 shares during the period. Segall Bryant & Hamill LLC boosted its position in shares of Guess? by 2.1% during the third quarter. Segall Bryant & Hamill LLC now owns 113,775 shares of the company’s stock worth $2,290,000 after buying an additional 2,288 shares during the period. Quarry LP boosted its position in shares of Guess? by 216.9% during the third quarter. Quarry LP now owns 3,359 shares of the company’s stock worth $68,000 after buying an additional 2,299 shares during the period. Algert Global LLC boosted its position in shares of Guess? by 2.8% during the fourth quarter. Algert Global LLC now owns 89,903 shares of the company’s stock worth $1,264,000 after buying an additional 2,435 shares during the period. Finally, AlphaQuest LLC boosted its position in shares of Guess? by 17.6% during the fourth quarter. AlphaQuest LLC now owns 20,498 shares of the company’s stock worth $288,000 after buying an additional 3,070 shares during the period. 61.74% of the stock is owned by institutional investors and hedge funds.

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.