Guess? (NYSE:GES – Free Report) had its price objective decreased by UBS Group from $15.00 to $12.00 in a research note released on Tuesday morning,Benzinga reports. UBS Group currently has a neutral rating on the stock.
Separately, Telsey Advisory Group reduced their price objective on shares of Guess? from $21.00 to $18.00 and set a “market perform” rating for the company in a report on Wednesday, November 27th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Guess? presently has a consensus rating of “Hold” and an average price target of $24.00.
Get Our Latest Stock Analysis on GES
Guess? Trading Down 9.5 %
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in GES. Meritage Portfolio Management purchased a new position in Guess? during the third quarter worth about $383,000. Royce & Associates LP boosted its holdings in Guess? by 224.0% during the third 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 during the last quarter. Empowered Funds LLC boosted its holdings in Guess? by 52.9% during the third quarter. Empowered Funds LLC now owns 251,166 shares of the company’s stock worth $5,056,000 after purchasing an additional 86,940 shares during the last quarter. Quest Partners LLC boosted its holdings in Guess? by 1,235.5% during the third quarter. Quest Partners LLC now owns 17,428 shares of the company’s stock worth $351,000 after purchasing an additional 16,123 shares during the last quarter. Finally, Segall Bryant & Hamill LLC boosted its holdings in 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 purchasing an additional 2,288 shares during the last quarter. 61.74% of the stock is currently 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.
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