Guess? (NYSE:GES) Shares Gap Up – Should You Buy?

Guess?, Inc. (NYSE:GES) 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 Upgrades and Downgrades

GES has been the subject of several recent analyst reports. Telsey Advisory Group reissued a “market perform” rating and set a $18.00 price objective on shares of Guess? in a report on Tuesday. UBS Group cut their target price on Guess? from $15.00 to $12.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $24.00.

Guess? Stock Performance

The firm has a market cap of $627.52 million, a PE ratio of 10.25 and a beta of 1.87. The company has a 50 day simple moving average of $12.05 and a 200-day simple moving average of $15.52. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.54 and a quick ratio of 0.74.

Institutional Trading of Guess?

Hedge funds and other institutional investors have recently bought and sold shares of the company. Comerica Bank boosted its stake in shares of Guess? by 6.2% during the fourth quarter. Comerica Bank now owns 31,906 shares of the company’s stock valued at $449,000 after purchasing an additional 1,852 shares during the period. Segall Bryant & Hamill LLC boosted its stake in shares of Guess? by 2.1% during the third quarter. Segall Bryant & Hamill LLC now owns 113,775 shares of the company’s stock valued at $2,290,000 after purchasing an additional 2,288 shares during the period. Quarry LP boosted its stake 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 purchasing an additional 2,299 shares during the period. Algert Global LLC boosted its stake in shares of Guess? by 2.8% during the fourth quarter. Algert Global LLC now owns 89,903 shares of the company’s stock valued at $1,264,000 after purchasing an additional 2,435 shares during the period. Finally, AlphaQuest LLC boosted its stake in shares of Guess? by 17.6% during the fourth quarter. AlphaQuest LLC now owns 20,498 shares of the company’s stock valued at $288,000 after purchasing an additional 3,070 shares during the period. Hedge funds and other 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.