Guess? (NYSE:GES) Shares Down 6.5% After Analyst Downgrade

Guess?, Inc. (NYSE:GES)’s share price dropped 6.5% during mid-day trading on Tuesday after UBS Group lowered their price target on the stock from $15.00 to $12.00. UBS Group currently has a neutral rating on the stock. Guess? traded as low as $10.66 and last traded at $10.54. Approximately 188,411 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 1,180,208 shares. The stock had previously closed at $11.27.

Separately, Telsey Advisory Group dropped their target price 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 given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $24.00.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of GES. Quarry LP increased its stake in shares of Guess? by 216.9% during the 3rd quarter. Quarry LP now owns 3,359 shares of the company’s stock worth $68,000 after purchasing an additional 2,299 shares in the last quarter. EMC Capital Management grew its stake in Guess? by 158.0% in the 4th 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 period. Freestone Grove Partners LP purchased a new stake in Guess? in the 4th quarter worth approximately $171,000. Point72 Hong Kong Ltd purchased a new stake in Guess? in the 4th quarter worth approximately $175,000. Finally, Jump Financial LLC purchased a new stake in Guess? in the 4th quarter worth approximately $191,000. 61.74% of the stock is owned by hedge funds and other institutional investors.

Guess? Price Performance

The stock has a market capitalization of $524.60 million, a PE ratio of 8.57 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. The company’s 50 day simple moving average is $12.37 and its 200 day simple moving average is $15.87.

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.