Guess? (NYSE:GES) Shares Gap Up – Here’s What Happened

Guess?, Inc. (NYSE:GES)’s stock 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 traded.

Analyst Ratings Changes

Several brokerages have commented on GES. Telsey Advisory Group cut their target price on 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 cut their price target on shares of Guess? from $15.00 to $12.00 and set a “neutral” rating for the company in a report on Tuesday, March 11th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Guess? has a consensus rating of “Hold” and a consensus target price of $24.00.

Guess? Stock Performance

The company has a debt-to-equity ratio of 1.18, a current ratio of 1.54 and a quick ratio of 0.74. The company has a market cap of $627.42 million, a PE ratio of 10.21 and a beta of 1.87. The business has a 50-day moving average of $12.11 and a 200 day moving average of $15.63.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of GES. Comerica Bank boosted its holdings in shares of Guess? by 6.2% in the fourth quarter. Comerica Bank now owns 31,906 shares of the company’s stock valued at $449,000 after purchasing an additional 1,852 shares during the period. Segall Bryant & Hamill LLC grew its holdings in Guess? by 2.1% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 113,775 shares of the company’s stock worth $2,290,000 after acquiring an additional 2,288 shares in the last quarter. Quarry LP raised its holdings in shares of Guess? by 216.9% in the 3rd quarter. Quarry LP now owns 3,359 shares of the company’s stock valued at $68,000 after purchasing an additional 2,299 shares in the last quarter. Algert Global LLC increased its holdings in Guess? by 2.8% during the fourth quarter. Algert Global LLC now owns 89,903 shares of the company’s stock valued at $1,264,000 after buying an additional 2,435 shares during the period. Finally, AlphaQuest LLC increased its holdings in Guess? by 17.6% during the fourth quarter. AlphaQuest LLC now owns 20,498 shares of the company’s stock valued at $288,000 after buying an additional 3,070 shares during the period. 61.74% of the stock is currently owned by institutional investors.

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.