UBS Group Lowers Guess? (NYSE:GES) Price Target to $12.00

Guess? (NYSE:GES) had its target price reduced by investment analysts at UBS Group from $15.00 to $12.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s price target would suggest a potential upside of 12.57% from the stock’s current price.

Separately, Telsey Advisory Group reduced their target price 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 investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Guess? has a consensus rating of “Hold” and an average target price of $24.00.

Guess? Trading Down 5.4 %

Shares of NYSE GES traded down $0.61 during trading on Tuesday, hitting $10.66. 167,256 shares of the company traded hands, compared to its average volume of 1,180,055. The firm has a market capitalization of $548.53 million, a P/E ratio of 8.97 and a beta of 1.87. 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 50-day moving average price of $12.45 and a 200-day moving average price of $15.95. Guess? has a 1 year low of $9.40 and a 1 year high of $33.50.

Institutional Investors Weigh In On Guess?

Several institutional investors and hedge funds have recently made changes to their positions in GES. Quarry LP boosted its holdings in shares of Guess? by 216.9% in the 3rd quarter. Quarry LP now owns 3,359 shares of the company’s stock valued at $68,000 after buying an additional 2,299 shares during the period. EMC Capital Management lifted its holdings in Guess? by 158.0% in the fourth 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. Freestone Grove Partners LP acquired a new position in Guess? in the fourth quarter valued at approximately $171,000. Point72 Hong Kong Ltd bought a new position in shares of Guess? during the fourth quarter valued at approximately $175,000. Finally, Jump Financial LLC acquired a new stake in shares of Guess? during the 4th quarter worth approximately $191,000. 61.74% of the stock is owned by institutional investors and hedge funds.

About Guess?

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.