Guess? (NYSE:GES) Shares Down 3.2% – Should You Sell?

Guess?, Inc. (NYSE:GES) shares fell 3.2% on Monday . The stock traded as low as $11.65 and last traded at $11.59. 246,890 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 1,484,256 shares. The stock had previously closed at $11.97.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Telsey Advisory Group reaffirmed a “market perform” rating and set a $18.00 price target on shares of Guess? in a research report on Tuesday, March 18th. UBS Group reduced their target price on Guess? from $15.00 to $12.00 and set a “neutral” rating on the stock in a report on Tuesday, March 11th.

Guess? Trading Down 2.0 %

The firm has a market cap of $603.59 million, a P/E ratio of 9.86 and a beta of 1.87. The business’s 50-day moving average is $11.96 and its two-hundred day moving average is $15.35. The company has a current ratio of 1.54, a quick ratio of 0.74 and a debt-to-equity ratio of 1.18.

Institutional Trading of Guess?

A number of institutional investors and hedge funds have recently made changes to their positions in GES. Dimensional Fund Advisors LP grew its stake in Guess? by 7.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,290,336 shares of the company’s stock worth $46,261,000 after buying an additional 228,601 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Guess? by 7.6% during the fourth quarter. Vanguard Group Inc. now owns 3,274,565 shares of the company’s stock worth $46,040,000 after acquiring an additional 231,926 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Guess? by 13.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,383,177 shares of the company’s stock worth $19,447,000 after acquiring an additional 167,782 shares during the period. Millennium Management LLC lifted its position in Guess? by 160.2% in the 4th quarter. Millennium Management LLC now owns 1,159,249 shares of the company’s stock valued at $16,299,000 after purchasing an additional 713,666 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in Guess? by 8.6% during the 4th quarter. BNP Paribas Financial Markets now owns 1,020,538 shares of the company’s stock valued at $14,349,000 after purchasing an additional 80,944 shares during the period. 61.74% of the stock is currently owned by institutional investors and hedge funds.

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.