Guess? (NYSE:GES) Shares Gap Up – Should You Buy?

Guess?, Inc. (NYSE:GES)’s share price gapped up before the market opened on Monday . The stock had previously closed at $9.70, but opened at $12.17. Guess? shares last traded at $12.35, with a volume of 1,347,245 shares trading hands.

Wall Street Analysts Forecast Growth

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

Guess? Stock Performance

The business has a fifty day simple moving average of $12.05 and a 200-day simple moving average of $15.52. The company has a quick ratio of 0.74, a current ratio of 1.54 and a debt-to-equity ratio of 1.18. The firm has a market cap of $627.52 million, a P/E ratio of 10.25 and a beta of 1.87.

Hedge Funds Weigh In On Guess?

A number of institutional investors have recently added to or reduced their stakes in GES. Quarry LP raised its holdings 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 in the last quarter. EMC Capital Management increased its holdings in shares of Guess? by 158.0% during the fourth quarter. EMC Capital Management now owns 9,908 shares of the company’s stock valued at $139,000 after acquiring an additional 6,068 shares in the last quarter. Freestone Grove Partners LP bought a new position in shares of Guess? during the fourth quarter valued at $171,000. Point72 Hong Kong Ltd bought a new position in shares of Guess? during the fourth quarter valued at $175,000. Finally, Jump Financial LLC bought a new position in shares of Guess? during the fourth quarter valued at $191,000. Institutional investors own 61.74% of the company’s stock.

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.