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

Guess? (NYSE:GES) had its price objective cut by UBS Group from $18.00 to $16.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s price target suggests a potential downside of 3.38% from the company’s previous close.

Separately, Telsey Advisory Group lowered their price objective on shares of Guess? from $21.00 to $18.00 and set a “market perform” rating for the company in a research note on Wednesday. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $25.00.

Guess? Trading Down 4.4 %

Guess? stock traded down $0.77 during mid-day trading on Wednesday, hitting $16.56. The company’s stock had a trading volume of 844,835 shares, compared to its average volume of 1,112,657. The stock has a market cap of $851.52 million, a price-to-earnings ratio of 6.68 and a beta of 1.94. The business has a 50 day moving average price of $18.32 and a 200-day moving average price of $20.77. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.47 and a quick ratio of 0.76. Guess? has a 12 month low of $15.24 and a 12 month high of $33.50.

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

Hedge Funds Weigh In On Guess?

Several hedge funds and other institutional investors have recently modified their holdings of GES. Quest Partners LLC increased its position in shares of Guess? by 186.2% during the second quarter. Quest Partners LLC now owns 1,305 shares of the company’s stock valued at $27,000 after buying an additional 849 shares during the period. Quarry LP increased its position in shares of Guess? by 216.9% during 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. Sanctuary Advisors LLC purchased a new position in shares of Guess? during the second quarter valued at about $160,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Guess? by 72.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,092 shares of the company’s stock valued at $206,000 after buying an additional 4,254 shares during the period. Finally, Optimist Retirement Group LLC purchased a new position in shares of Guess? during the second quarter valued at about $212,000. Hedge funds and other institutional investors own 61.74% of the company’s stock.

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.