Bank of New York Mellon Corp Sells 423,013 Shares of Guess?, Inc. (NYSE:GES)

Bank of New York Mellon Corp reduced its stake in shares of Guess?, Inc. (NYSE:GES) by 69.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 187,512 shares of the company’s stock after selling 423,013 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.36% of Guess? worth $2,636,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Quarry LP grew its stake in Guess? by 216.9% in the third quarter. Quarry LP now owns 3,359 shares of the company’s stock worth $68,000 after purchasing an additional 2,299 shares during the period. EMC Capital Management grew its position in shares of 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 buying an additional 6,068 shares during the period. Quest Partners LLC grew its position in shares of Guess? by 1,235.5% in the 3rd quarter. Quest Partners LLC now owns 17,428 shares of the company’s stock worth $351,000 after buying an additional 16,123 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Guess? by 23.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,533 shares of the company’s stock worth $280,000 after acquiring an additional 3,906 shares in the last quarter. Finally, Verity Asset Management Inc. lifted its position in Guess? by 41.5% during the 4th quarter. Verity Asset Management Inc. now owns 22,972 shares of the company’s stock valued at $323,000 after acquiring an additional 6,738 shares during the period. 61.74% of the stock is currently owned by institutional investors.

Guess? Stock Performance

NYSE GES opened at $12.05 on Friday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.54 and a quick ratio of 0.74. Guess?, Inc. has a 1-year low of $9.24 and a 1-year high of $33.50. The business has a 50 day simple moving average of $11.99 and a two-hundred day simple moving average of $15.47. The stock has a market capitalization of $619.80 million, a PE ratio of 10.12 and a beta of 1.87.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on GES shares. UBS Group lowered their price objective on Guess? from $15.00 to $12.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. Telsey Advisory Group restated a “market perform” rating and set a $18.00 price target on shares of Guess? in a report on Tuesday. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Guess? has an average rating of “Hold” and a consensus price target of $24.00.

Guess? 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.