Macquarie Group Ltd. raised its position in Guess', Inc. (NYSE:GES – Get Rating) by 1,623.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 50,426 shares of the company's stock after purchasing an additional 47,500 shares during the quarter. Macquarie Group Ltd. owned about 0.09% of Guess' worth $740,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of GES. PNC Financial Services Group Inc. increased its stake in Guess' by 27.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,692 shares of the company's stock worth $59,000 after buying an additional 581 shares during the period. MetLife Investment Management LLC boosted its stake in Guess' by 48.5% during the 1st quarter. MetLife Investment Management LLC now owns 22,428 shares of the company's stock worth $490,000 after purchasing an additional 7,322 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Guess' by 14.1% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 33,609 shares of the company's stock worth $734,000 after acquiring an additional 4,152 shares during the period. APG Asset Management N.V. acquired a new stake in shares of Guess' in the 1st quarter worth $391,000. Finally, Great West Life Assurance Co. Can increased its holdings in shares of Guess' by 6.0% in the 1st quarter. Great West Life Assurance Co. Can now owns 37,147 shares of the company's stock valued at $833,000 after purchasing an additional 2,112 shares in the last quarter. 58.81% of the stock is currently owned by institutional investors and hedge funds.
Get Guess' alerts:Guess' Stock Down 0.0 %
GES stock opened at $21.70 on Monday. The company has a debt-to-equity ratio of 2.15, a current ratio of 1.57 and a quick ratio of 0.79. Guess', Inc. has a 1-year low of $14.27 and a 1-year high of $24.66. The firm has a fifty day moving average price of $22.15 and a two-hundred day moving average price of $19.36. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of 11.73 and a beta of 1.87.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on the stock. TheStreet downgraded shares of Guess' from a "b-" rating to a "c" rating in a report on Tuesday, November 22nd. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $23.00 price target on shares of Guess' in a report on Thursday.
About Guess'
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Guess?, Inc engages in designing, marketing, distributing and licensing of 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.
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