Guess? (NYSE:GES) Given New $16.00 Price Target at UBS Group

Guess? (NYSE:GES) had its target price lowered by investment analysts at UBS Group from $18.00 to $16.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s price target would suggest a potential downside of 3.38% from the stock’s previous close.

Separately, Telsey Advisory Group reduced 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 report on Wednesday. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $25.00.

Guess? Price Performance

Shares of GES traded down $0.77 during mid-day trading on Wednesday, reaching $16.56. 844,835 shares of the stock traded hands, compared to its average volume of 1,112,657. The firm has a fifty day moving average price of $18.32 and a 200 day moving average price of $20.77. The company has a market cap of $851.52 million, a price-to-earnings ratio of 6.68 and a beta of 1.94. The company has a current ratio of 1.47, a quick ratio of 0.76 and a debt-to-equity ratio of 1.01. Guess? has a 1 year low of $15.24 and a 1 year high of $33.50.

Guess? (NYSE:GES) last released its quarterly earnings results on Tuesday, November 26th. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.03). The firm had revenue of $738.52 million for the quarter, compared to analysts’ expectations of $747.36 million. Guess? had a net margin of 6.05% and a return on equity of 24.18%. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.49 earnings per share. As a group, equities research analysts predict that Guess? will post 2.63 earnings per share for the current year.

Institutional Trading of Guess?

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of Guess? by 15.7% during the 1st quarter. Vanguard Group Inc. now owns 3,879,570 shares of the company’s stock worth $122,090,000 after acquiring an additional 525,064 shares during the last quarter. Foundry Partners LLC lifted its stake in Guess? by 41.7% in the third quarter. Foundry Partners LLC now owns 266,779 shares of the company’s stock worth $5,370,000 after purchasing an additional 78,451 shares during the last quarter. TCW Group Inc. lifted its stake in Guess? by 110.6% in the second quarter. TCW Group Inc. now owns 78,693 shares of the company’s stock worth $1,605,000 after purchasing an additional 41,331 shares during the last quarter. WINTON GROUP Ltd lifted its stake in Guess? by 423.1% in the second quarter. WINTON GROUP Ltd now owns 191,982 shares of the company’s stock worth $3,916,000 after purchasing an additional 155,281 shares during the last quarter. Finally, Virtu Financial LLC bought a new stake in Guess? in the first quarter worth $717,000. 61.74% of the stock is owned by institutional investors.

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.