Guess? (NYSE:GES) Price Target Cut to $13.00 by Analysts at Telsey Advisory Group

Guess? (NYSE:GES) had its price objective cut by equities researchers at Telsey Advisory Group from $18.00 to $13.00 in a note issued to investors on Wednesday,Briefing.com Automated Import reports. The brokerage presently has a “market perform” rating on the stock. Telsey Advisory Group’s price objective indicates a potential upside of 10.64% from the stock’s current price.

Separately, 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 report on Tuesday, March 11th.

Guess? Price Performance

Shares of NYSE GES opened at $11.75 on Wednesday. Guess? has a 12-month low of $9.24 and a 12-month high of $33.50. The stock has a market cap of $604.62 million, a P/E ratio of 9.87 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. The business’s fifty day simple moving average is $11.91 and its 200-day simple moving average is $15.24.

Hedge Funds Weigh In On Guess?

Several large investors have recently bought and sold shares of GES. KBC Group NV acquired a new position in shares of Guess? during the 4th quarter worth about $2,349,000. Atlas Legacy Advisors LLC purchased a new stake in Guess? during the fourth quarter worth approximately $2,191,000. Charles Schwab Investment Management Inc. boosted its holdings in Guess? by 4.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,215,395 shares of the company’s stock valued at $24,466,000 after purchasing an additional 54,990 shares in the last quarter. Royce & Associates LP increased its stake in Guess? by 55.3% in the fourth quarter. Royce & Associates LP now owns 77,366 shares of the company’s stock valued at $1,088,000 after purchasing an additional 27,558 shares during the last quarter. Finally, Sanctuary Advisors LLC raised its holdings in Guess? by 8,708.5% during the third quarter. Sanctuary Advisors LLC now owns 691,030 shares of the company’s stock worth $13,910,000 after purchasing an additional 683,185 shares in the last quarter. Hedge funds and other 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.