Moors & Cabot Inc. Trims Stock Holdings in Guess?, Inc. (NYSE:GES)

Moors & Cabot Inc. lowered its holdings in shares of Guess?, Inc. (NYSE:GES) by 60.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,449 shares of the company’s stock after selling 36,750 shares during the quarter. Moors & Cabot Inc.’s holdings in Guess? were worth $344,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Quarry LP boosted its stake in shares of Guess? by 216.9% during the third quarter. Quarry LP now owns 3,359 shares of the company’s stock valued at $68,000 after purchasing an additional 2,299 shares during the period. EMC Capital Management lifted its holdings in Guess? by 158.0% during the 4th quarter. EMC Capital Management now owns 9,908 shares of the company’s stock valued at $139,000 after buying an additional 6,068 shares in the last quarter. Amundi boosted its position in Guess? by 109.6% in the 4th quarter. Amundi now owns 14,291 shares of the company’s stock valued at $193,000 after buying an additional 7,472 shares during the period. Versor Investments LP purchased a new stake in Guess? in the 4th quarter valued at about $256,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in Guess? by 23.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,533 shares of the company’s stock worth $280,000 after acquiring an additional 3,906 shares in the last quarter. Institutional investors own 61.74% of the company’s stock.

Guess? Stock Performance

Shares of NYSE:GES opened at $9.71 on Friday. The firm has a 50 day moving average of $12.11 and a 200 day moving average of $15.66. 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 company has a market capitalization of $499.44 million, a price-to-earnings ratio of 8.16 and a beta of 1.87. Guess?, Inc. has a 52 week low of $9.24 and a 52 week high of $33.50.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on GES shares. Telsey Advisory Group decreased their price target on shares of Guess? from $21.00 to $18.00 and set a “market perform” rating for the company in a research note on Wednesday, November 27th. UBS Group decreased their target price on Guess? from $15.00 to $12.00 and set a “neutral” rating for the company in a research report on Tuesday, March 11th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $24.00.

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.