Guess?’s (GES) “Market Perform” Rating Reiterated at Telsey Advisory Group

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

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

Guess? Price Performance

GES opened at $12.05 on Tuesday. The company has a market capitalization of $619.80 million, a price-to-earnings ratio of 10.12 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. Guess? has a 12-month low of $9.24 and a 12-month high of $33.50. The business’s fifty day simple moving average is $11.99 and its 200-day simple moving average is $15.47.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. California State Teachers Retirement System boosted its position in shares of Guess? by 23.4% in the 4th quarter. California State Teachers Retirement System now owns 28,835 shares of the company’s stock worth $405,000 after purchasing an additional 5,470 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Guess? in the fourth quarter worth about $1,243,000. PharVision Advisers LLC purchased a new stake in shares of Guess? during the fourth quarter worth about $197,000. Point72 Hong Kong Ltd acquired a new position in shares of Guess? during the fourth quarter valued at about $175,000. Finally, Occudo Quantitative Strategies LP acquired a new position in shares of Guess? during the fourth quarter valued at about $798,000. Institutional investors own 61.74% of the company’s stock.

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.