LS Investment Advisors LLC reduced its holdings in shares of Guess?, Inc. (NYSE:GES) by 82.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,592 shares of the company’s stock after selling 7,230 shares during the quarter. LS Investment Advisors LLC’s holdings in Guess? were worth $36,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of the company. Royal Bank of Canada grew its stake in shares of Guess? by 30.4% during the 2nd quarter. Royal Bank of Canada now owns 6,304 shares of the company’s stock worth $102,000 after acquiring an additional 1,468 shares in the last quarter. State of Tennessee Treasury Department boosted its holdings in shares of Guess? by 9.8% in the 3rd quarter. State of Tennessee Treasury Department now owns 36,167 shares of the company’s stock valued at $670,000 after buying an additional 3,215 shares during the last quarter. Tower Research Capital LLC TRC acquired a new stake in shares of Guess? in the 3rd quarter valued at approximately $94,000. SG Americas Securities LLC acquired a new stake in shares of Guess? in the 4th quarter valued at approximately $133,000. Finally, Everence Capital Management Inc. acquired a new stake in shares of Guess? in the 4th quarter valued at approximately $207,000. 76.66% of the stock is owned by institutional investors.
GES opened at $22.63 on Friday. Guess?, Inc. has a fifty-two week low of $13.34 and a fifty-two week high of $23.58. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.73 and a current ratio of 1.52. The company has a market capitalization of $1.43 billion, a P/E ratio of 41.91, a P/E/G ratio of 0.71 and a beta of 0.44. The stock has a fifty day moving average of $22.32 and a 200-day moving average of $18.86.
In related news, Director Gianluca Bolla sold 10,000 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $19.56, for a total value of $195,600.00. Following the transaction, the director now owns 75,552 shares in the company, valued at $1,477,797.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 34.90% of the stock is currently owned by company insiders.
Several equities research analysts have recently commented on GES shares. Cowen raised Guess? from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $19.00 to $26.00 in a report on Tuesday, December 17th. TheStreet raised Guess? from a “c+” rating to a “b” rating in a report on Tuesday, November 26th. B. Riley reissued a “buy” rating and issued a $25.00 price objective on shares of Guess? in a report on Tuesday, January 14th. ValuEngine downgraded Guess? from a “hold” rating to a “sell” rating in a report on Tuesday, January 28th. Finally, Evercore ISI reissued a “buy” rating and issued a $22.00 price objective on shares of Guess? in a report on Sunday, December 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. Guess? currently has a consensus rating of “Buy” and a consensus target price of $22.00.
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, knitwear, and intimate apparel.
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