Jefferies Group set a $42.00 price objective on Genesco (NYSE:GCO) in a research report report published on Thursday, January 18th. The brokerage currently has a buy rating on the stock.
A number of other research analysts have also weighed in on GCO. Piper Jaffray Companies reissued a buy rating and issued a $39.00 target price on shares of Genesco in a research note on Sunday, October 1st. ValuEngine upgraded shares of Genesco from a hold rating to a buy rating in a report on Monday, October 2nd. SunTrust Banks set a $33.00 price target on shares of Genesco and gave the stock a buy rating in a report on Monday, October 16th. Zacks Investment Research upgraded shares of Genesco from a strong sell rating to a hold rating in a report on Tuesday, November 14th. Finally, Buckingham Research raised their price target on shares of Genesco from $23.00 to $30.00 and gave the stock a neutral rating in a report on Monday, November 20th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $37.40.
Genesco (GCO) traded up $0.05 on Thursday, reaching $34.80. 290,503 shares of the company’s stock were exchanged, compared to its average volume of 452,597. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.31 and a quick ratio of 0.47. Genesco has a twelve month low of $20.90 and a twelve month high of $63.50. The stock has a market cap of $687.01, a price-to-earnings ratio of -5.52, a price-to-earnings-growth ratio of 1.13 and a beta of 1.31.
Genesco (NYSE:GCO) last released its earnings results on Friday, December 1st. The company reported $1.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.12 by ($0.10). Genesco had a positive return on equity of 6.93% and a negative net margin of 4.24%. The business had revenue of $716.80 million during the quarter, compared to analysts’ expectations of $706.58 million. During the same period last year, the business earned $1.28 earnings per share. The company’s revenue for the quarter was up .8% compared to the same quarter last year. sell-side analysts forecast that Genesco will post 3.07 EPS for the current year.
A number of institutional investors have recently bought and sold shares of GCO. Legal & General Group Plc increased its holdings in Genesco by 3.4% in the 2nd quarter. Legal & General Group Plc now owns 50,810 shares of the company’s stock valued at $1,723,000 after purchasing an additional 1,688 shares during the last quarter. Teachers Advisors LLC increased its holdings in Genesco by 16.2% in the 2nd quarter. Teachers Advisors LLC now owns 41,924 shares of the company’s stock valued at $1,421,000 after purchasing an additional 5,859 shares during the last quarter. TIAA CREF Investment Management LLC increased its holdings in Genesco by 74.1% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 95,972 shares of the company’s stock valued at $3,253,000 after purchasing an additional 40,834 shares during the last quarter. Nationwide Fund Advisors increased its holdings in Genesco by 110.1% in the 2nd quarter. Nationwide Fund Advisors now owns 30,977 shares of the company’s stock valued at $1,050,000 after purchasing an additional 16,230 shares during the last quarter. Finally, Thrivent Financial For Lutherans increased its holdings in Genesco by 4.5% in the 2nd quarter. Thrivent Financial For Lutherans now owns 11,810 shares of the company’s stock valued at $400,000 after purchasing an additional 510 shares during the last quarter. Hedge funds and other institutional investors own 98.38% of the company’s stock.
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Genesco Company Profile
Genesco Inc is a retailer and wholesaler of footwear, apparel and accessories. The Company operates in five segments: Journeys Group, Schuh Group, Lids Sports Group, Johnston & Murphy Group and Licensed Brands. It relies on independent third-party manufacturers for production of its footwear products sold at wholesale.
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