Several other equities analysts have also recently commented on GES. Zacks Investment Research cut shares of Guess? from a “hold” rating to a “sell” rating in a research note on Tuesday, January 29th. Jefferies Financial Group upgraded shares of Guess? from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Thursday, February 7th. Two analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Guess? currently has an average rating of “Buy” and an average price target of $21.67.
GES stock traded down $0.22 during trading hours on Thursday, hitting $20.41. The company’s stock had a trading volume of 1,530,502 shares, compared to its average volume of 2,130,817. The company has a quick ratio of 1.14, a current ratio of 2.00 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 20.83, a P/E/G ratio of 0.99 and a beta of 0.23. Guess? has a 12 month low of $16.41 and a 12 month high of $26.95.
Several hedge funds have recently made changes to their positions in GES. Norges Bank acquired a new position in shares of Guess? in the 4th quarter valued at $22,055,000. Kornitzer Capital Management Inc. KS acquired a new position in shares of Guess? in the 1st quarter valued at $7,133,000. Marshall Wace LLP bought a new stake in shares of Guess? in the 3rd quarter worth about $6,852,000. Bessemer Group Inc. grew its holdings in shares of Guess? by 41.8% in the 4th quarter. Bessemer Group Inc. now owns 764,463 shares of the company’s stock worth $15,878,000 after purchasing an additional 225,201 shares during the last quarter. Finally, BlackRock Inc. grew its holdings in shares of Guess? by 2.5% in the 4th quarter. BlackRock Inc. now owns 8,317,868 shares of the company’s stock worth $172,762,000 after purchasing an additional 201,200 shares during the last quarter. Institutional investors own 70.64% 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, knitwear, and intimate apparel.
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