Guess? (NYSE:GES) Earns “Market Perform” Rating from Telsey Advisory Group

Guess? (NYSE:GES)‘s stock had its “market perform” rating reissued by equities research analysts at Telsey Advisory Group in a note issued to investors on Tuesday,Benzinga reports. They currently have a $18.00 price objective on the stock. Telsey Advisory Group’s target price points to a potential upside of 41.90% from the company’s current price.

Separately, UBS Group reduced their price objective on shares of Guess? from $15.00 to $12.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $24.00.

Guess? Stock Performance

NYSE GES opened at $12.69 on Tuesday. The business’s 50-day simple moving average is $12.08 and its 200-day simple moving average is $15.58. The firm has a market capitalization of $652.73 million, a P/E ratio of 10.66 and a beta of 1.87. Guess? has a 1-year low of $9.24 and a 1-year high of $33.50. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.54 and a quick ratio of 0.74.

Hedge Funds Weigh In On Guess?

A number of hedge funds have recently bought and sold shares of the company. Quarry LP grew its holdings in Guess? by 216.9% during the 3rd quarter. Quarry LP now owns 3,359 shares of the company’s stock worth $68,000 after acquiring an additional 2,299 shares during the period. EMC Capital Management boosted its position in shares of 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 purchasing an additional 6,068 shares in the last quarter. Freestone Grove Partners LP acquired a new stake in Guess? during the fourth quarter worth approximately $171,000. Point72 Hong Kong Ltd bought a new stake in Guess? in the fourth quarter worth approximately $175,000. Finally, Jump Financial LLC bought a new position in shares of Guess? during the 4th quarter worth approximately $191,000. Institutional investors own 61.74% of the company’s stock.

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.