Guess?, Inc. (NYSE:GES – Get Free Report)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $9.70, but opened at $12.17. Guess? shares last traded at $12.35, with a volume of 1,347,245 shares traded.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on the company. Telsey Advisory Group dropped their target price on Guess? from $21.00 to $18.00 and set a “market perform” rating for the company in a research report on Wednesday, November 27th. UBS Group lowered their target price on shares of Guess? from $15.00 to $12.00 and set a “neutral” rating for the company in a report on Tuesday, March 11th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $24.00.
Read Our Latest Report on Guess?
Guess? Price Performance
Institutional Investors Weigh In On Guess?
Several institutional investors have recently made changes to their positions in the stock. Quarry LP lifted its holdings in Guess? by 216.9% in the third quarter. Quarry LP now owns 3,359 shares of the company’s stock valued at $68,000 after buying an additional 2,299 shares during the period. EMC Capital Management boosted its position in shares of Guess? by 158.0% during the fourth quarter. EMC Capital Management now owns 9,908 shares of the company’s stock valued at $139,000 after buying an additional 6,068 shares during the last quarter. Freestone Grove Partners LP bought a new stake in shares of Guess? in the 4th quarter worth $171,000. Point72 Hong Kong Ltd purchased a new stake in shares of Guess? in the fourth quarter valued at about $175,000. Finally, Jump Financial LLC purchased a new position in Guess? during the fourth quarter worth about $191,000. 61.74% of the stock is currently 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.
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