Genesco (NYSE:GCO)‘s stock had its “neutral” rating restated by investment analysts at Buckingham Research in a research report issued to clients and investors on Friday, March 16th. They currently have a $35.00 price objective on the stock, up from their previous price objective of $32.00. Buckingham Research’s target price points to a potential downside of 20.45% from the stock’s previous close.
A number of other equities analysts also recently issued reports on GCO. ValuEngine downgraded Genesco from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Pivotal Research set a $46.00 price objective on Genesco and gave the stock a “buy” rating in a report on Wednesday, March 14th. Jefferies Group set a $45.00 price objective on Genesco and gave the stock a “buy” rating in a report on Monday, February 26th. Zacks Investment Research cut Genesco from a “buy” rating to a “hold” rating in a research note on Monday, March 5th. Finally, Piper Jaffray set a $40.00 target price on Genesco and gave the stock a “buy” rating in a research note on Wednesday, February 14th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $41.00.
Shares of Genesco stock traded up $0.15 during midday trading on Friday, reaching $44.00. 454,703 shares of the company’s stock traded hands, compared to its average volume of 356,422. The company has a quick ratio of 0.60, a current ratio of 2.72 and a debt-to-equity ratio of 0.10. The company has a market cap of $873.19, a PE ratio of 14.01, a P/E/G ratio of 1.39 and a beta of 1.06. Genesco has a 12 month low of $20.90 and a 12 month high of $55.90.
Genesco (NYSE:GCO) last announced its earnings results on Thursday, March 15th. The company reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $2.09 by $0.06. The company had revenue of $930.00 million during the quarter, compared to the consensus estimate of $902.00 million. Genesco had a positive return on equity of 7.07% and a negative net margin of 3.85%. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.15 earnings per share. research analysts anticipate that Genesco will post 3.33 earnings per share for the current year.
Several institutional investors have recently added to or reduced their stakes in GCO. Carillon Tower Advisers Inc. purchased a new stake in shares of Genesco during the fourth quarter valued at $42,811,000. Legion Partners Asset Management LLC purchased a new stake in shares of Genesco during the fourth quarter valued at $26,777,000. Royce & Associates LP purchased a new stake in shares of Genesco during the fourth quarter valued at $11,130,000. JPMorgan Chase & Co. boosted its position in shares of Genesco by 635.0% during the third quarter. JPMorgan Chase & Co. now owns 190,388 shares of the company’s stock valued at $5,026,000 after buying an additional 164,485 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its position in shares of Genesco by 373.2% during the third quarter. Russell Investments Group Ltd. now owns 188,169 shares of the company’s stock valued at $5,004,000 after buying an additional 148,403 shares during the last quarter. 99.24% of the stock is currently owned by institutional investors.
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Genesco Company Profile
Genesco Inc retails and wholesales footwear, apparel, and accessories. The company's Journeys Group segment offers footwear and accessories through the Journeys, Journeys Kidz, Shi by Journeys, Little Burgundy, and Underground by Journeys retail stores, as well as through e-commerce and catalogs for young men, women, and children.
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