Versor Investments LP Purchases Shares of 18,200 Guess?, Inc. (NYSE:GES)

Versor Investments LP acquired a new position in shares of Guess?, Inc. (NYSE:GES) during the fourth quarter, Holdings Channel reports. The fund acquired 18,200 shares of the company’s stock, valued at approximately $256,000.

Other large investors also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. raised its stake in Guess? by 11.5% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,627 shares of the company’s stock worth $334,000 after buying an additional 1,720 shares during the period. Verity Asset Management Inc. increased its holdings in shares of Guess? by 14.0% during the third quarter. Verity Asset Management Inc. now owns 16,234 shares of the company’s stock valued at $327,000 after acquiring an additional 1,989 shares in the last quarter. Meritage Portfolio Management acquired a new position in shares of Guess? during the third quarter worth approximately $383,000. Royce & Associates LP lifted its holdings in shares of Guess? by 224.0% in the 3rd quarter. Royce & Associates LP now owns 49,808 shares of the company’s stock worth $1,003,000 after purchasing an additional 34,435 shares in the last quarter. Finally, Empowered Funds LLC grew its position in Guess? by 52.9% in the 3rd quarter. Empowered Funds LLC now owns 251,166 shares of the company’s stock valued at $5,056,000 after purchasing an additional 86,940 shares during the period. 61.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on GES. Telsey Advisory Group dropped their price objective on shares of Guess? from $21.00 to $18.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 27th. UBS Group lowered their target price on shares of Guess? from $18.00 to $16.00 and set a “neutral” rating on the stock in a report on Wednesday, November 27th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $25.00.

Guess? Price Performance

GES opened at $9.67 on Tuesday. Guess?, Inc. has a 1 year low of $9.65 and a 1 year high of $33.50. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.54 and a quick ratio of 0.74. The company has a market capitalization of $497.59 million, a price-to-earnings ratio of 8.13 and a beta of 1.88. The firm’s fifty day moving average price is $12.80 and its two-hundred day moving average price is $16.33.

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.