Guess? (NYSE:GES) Given Market Perform Rating at Telsey Advisory Group

Telsey Advisory Group reissued their market perform rating on shares of Guess? (NYSE:GES) in a research note published on Tuesday,Benzinga reports. Telsey Advisory Group currently has a $18.00 price target on the stock.

Separately, UBS Group reduced their price target on Guess? from $15.00 to $12.00 and set a “neutral” rating for the company in a report on Tuesday, March 11th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $24.00.

Guess? Trading Down 3.4 %

Guess? stock opened at $12.20 on Tuesday. Guess? has a 52 week low of $9.24 and a 52 week high of $33.50. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.74 and a current ratio of 1.54. The stock has a market capitalization of $627.52 million, a P/E ratio of 10.25 and a beta of 1.87. The stock has a 50-day simple moving average of $12.05 and a 200 day simple moving average of $15.52.

Institutional Investors Weigh In On Guess?

Hedge funds have recently bought and sold shares of the stock. Foundry Partners LLC lifted its position in Guess? by 41.7% during the third quarter. Foundry Partners LLC now owns 266,779 shares of the company’s stock worth $5,370,000 after acquiring an additional 78,451 shares during the last quarter. KBC Group NV acquired a new stake in Guess? during the fourth quarter worth approximately $2,349,000. Atlas Legacy Advisors LLC acquired a new stake in shares of Guess? in the fourth quarter valued at approximately $2,191,000. Charles Schwab Investment Management Inc. raised its position in shares of Guess? by 4.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,215,395 shares of the company’s stock valued at $24,466,000 after buying an additional 54,990 shares in the last quarter. Finally, Sanctuary Advisors LLC raised its position in shares of Guess? by 8,708.5% in the third quarter. Sanctuary Advisors LLC now owns 691,030 shares of the company’s stock valued at $13,910,000 after buying an additional 683,185 shares in the last quarter. 61.74% of the stock is currently 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.