Guess? (NYSE:GES) Trading Down 3.2% – Here’s What Happened

Guess?, Inc. (NYSE:GES) was down 3.2% during trading on Monday . The company traded as low as $11.65 and last traded at $11.59. Approximately 246,890 shares traded hands during mid-day trading, a decline of 83% from the average daily volume of 1,484,256 shares. The stock had previously closed at $11.97.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. UBS Group decreased their price target 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 reissued a “market perform” rating and set a $18.00 target price on shares of Guess? in a research report on Tuesday, March 18th.

Guess? Price Performance

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 stock’s 50-day simple moving average is $11.91 and its 200 day simple moving average is $15.24. The firm has a market cap of $604.62 million, a P/E ratio of 9.87 and a beta of 1.87.

Institutional Investors Weigh In On Guess?

A number of hedge funds have recently added to or reduced their stakes in the business. California State Teachers Retirement System increased its stake 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 valued at $405,000 after acquiring an additional 5,470 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Guess? during the 4th quarter worth approximately $1,243,000. PharVision Advisers LLC bought a new position in Guess? in the fourth quarter worth approximately $197,000. Point72 Hong Kong Ltd acquired a new stake in Guess? in the fourth quarter valued at approximately $175,000. Finally, Occudo Quantitative Strategies LP bought a new stake in shares of Guess? during the fourth quarter valued at approximately $798,000. 61.74% of the stock is currently owned by institutional investors.

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.