Guess’ (NYSE:GES – Get Rating) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Friday.
A number of other brokerages have also commented on GES. Small Cap Consu reiterated a “buy” rating on shares of Guess’ in a research note on Tuesday, March 28th. TheStreet lowered shares of Guess’ from a “b” rating to a “c+” rating in a research note on Wednesday. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $23.00 price target on shares of Guess’ in a research note on Wednesday, March 15th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Guess’ currently has an average rating of “Moderate Buy” and a consensus price target of $26.00.
Guess’ Stock Performance
Shares of GES stock opened at $18.80 on Friday. The company has a 50 day moving average price of $18.72 and a 200-day moving average price of $20.29. Guess’ has a 52 week low of $14.27 and a 52 week high of $24.15. The firm has a market capitalization of $1.05 billion, a PE ratio of 8.43 and a beta of 1.93. The company has a quick ratio of 0.92, a current ratio of 1.59 and a debt-to-equity ratio of 0.52.
Hedge Funds Weigh In On Guess’
A number of institutional investors and hedge funds have recently made changes to their positions in GES. Coppell Advisory Solutions Corp. purchased a new position in shares of Guess’ in the fourth quarter worth approximately $40,000. Quarry LP purchased a new position in Guess’ during the first quarter valued at approximately $45,000. Tower Research Capital LLC TRC lifted its holdings in Guess’ by 732.9% during the first quarter. Tower Research Capital LLC TRC now owns 2,807 shares of the company’s stock valued at $55,000 after purchasing an additional 2,470 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Guess’ by 27.5% during the first quarter. PNC Financial Services Group Inc. now owns 2,692 shares of the company’s stock valued at $59,000 after purchasing an additional 581 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in Guess’ by 244.9% during the third quarter. Nisa Investment Advisors LLC now owns 4,267 shares of the company’s stock valued at $65,000 after purchasing an additional 3,030 shares in the last quarter. Hedge funds and other institutional investors own 58.81% of the company’s stock.
Guess?, Inc engages in designing, marketing, distributing and licensing contemporary apparel and accessories for men, women and children that reflect the American lifestyle and European fashion sensibilities. It operates through the following segments: Americas Retail, Americas Wholesale, Europe, Asia, and Licensing.
- Get a free copy of the StockNews.com research report on Guess’ (GES)
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