Guess? (NYSE:GES) Stock Price Down 3.2% – Time to Sell?

Shares of Guess?, Inc. (NYSE:GES) were down 3.2% during trading on Monday . The stock traded as low as $11.65 and last traded at $11.59. Approximately 246,890 shares changed 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 brokerages have recently commented on GES. UBS Group dropped their target price on shares of Guess? from $15.00 to $12.00 and set a “neutral” rating for the company in a research report on Tuesday, March 11th. Telsey Advisory Group restated a “market perform” rating and set a $18.00 price objective on shares of Guess? in a research report on Tuesday, March 18th.

Guess? Stock Performance

The company has a market capitalization of $604.62 million, a price-to-earnings 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 50 day moving average price is $11.91 and its two-hundred day moving average price is $15.24.

Institutional Trading of Guess?

A number of hedge funds have recently added to or reduced their stakes in GES. KBC Group NV bought a new stake in Guess? during the 4th quarter worth $2,349,000. Atlas Legacy Advisors LLC bought a new stake in shares of Guess? during the fourth quarter worth about $2,191,000. Charles Schwab Investment Management Inc. raised its holdings in Guess? by 4.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,215,395 shares of the company’s stock valued at $24,466,000 after buying an additional 54,990 shares during the last quarter. Royce & Associates LP raised its stake in shares of Guess? by 55.3% during the fourth quarter. Royce & Associates LP now owns 77,366 shares of the company’s stock valued at $1,088,000 after acquiring an additional 27,558 shares during the last quarter. Finally, Sanctuary Advisors LLC raised its stake in shares of Guess? by 8,708.5% during the third quarter. Sanctuary Advisors LLC now owns 691,030 shares of the company’s stock valued at $13,910,000 after acquiring an additional 683,185 shares during the last quarter. Institutional investors and hedge funds 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.