Guess? (NYSE:GES) Trading Down 3.2% – Time to Sell?

Guess?, Inc. (NYSE:GES) shares dropped 3.2% during mid-day trading on Monday . The company traded as low as $11.65 and last traded at $11.59. Approximately 246,890 shares changed hands during trading, a decline of 83% from the average daily volume of 1,484,256 shares. The stock had previously closed at $11.97.

Analysts Set New Price Targets

A number of brokerages have weighed in on GES. UBS Group reduced their price target on shares of Guess? from $15.00 to $12.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 11th. Telsey Advisory Group restated a “market perform” rating and set a $18.00 target price on shares of Guess? in a report on Tuesday, March 18th.

Guess? Price Performance

The company has a market cap of $603.59 million, a price-to-earnings ratio of 9.86 and a beta of 1.87. The company’s 50-day simple moving average is $11.96 and its 200-day simple moving average is $15.35. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.54 and a quick ratio of 0.74.

Institutional Investors Weigh In On Guess?

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GES. Quarry LP grew its stake in shares of Guess? by 216.9% during the third quarter. Quarry LP now owns 3,359 shares of the company’s stock valued at $68,000 after acquiring an additional 2,299 shares in the last quarter. EMC Capital Management grew its stake in Guess? by 158.0% during the 4th quarter. EMC Capital Management now owns 9,908 shares of the company’s stock valued at $139,000 after purchasing an additional 6,068 shares in the last quarter. Freestone Grove Partners LP purchased a new stake in Guess? during the 4th quarter worth approximately $171,000. Point72 Hong Kong Ltd acquired a new position in shares of Guess? in the 4th quarter valued at approximately $175,000. Finally, Jump Financial LLC purchased a new position in shares of Guess? during the 4th quarter valued at approximately $191,000. Hedge funds and other institutional investors own 61.74% of the company’s stock.

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.