Genesco (NYSE:GCO) has been assigned a $44.00 target price by SunTrust Banks in a research note issued to investors on Thursday, March 15th. The brokerage presently has a “buy” rating on the stock.
Other equities research analysts have also recently issued research reports about the stock. Jefferies Group set a $42.00 price target on shares of Genesco and gave the company a “buy” rating in a report on Thursday, January 18th. Robert W. Baird restated a “hold” rating and issued a $35.00 target price on shares of Genesco in a report on Wednesday, January 3rd. Susquehanna Bancshares restated a “hold” rating and issued a $31.00 target price on shares of Genesco in a report on Tuesday, January 16th. Piper Jaffray set a $40.00 target price on shares of Genesco and gave the stock a “buy” rating in a report on Wednesday, February 14th. Finally, Pivotal Research cut shares of Genesco from a “buy” rating to a “hold” rating and dropped their target price for the stock from $46.00 to $41.00 in a report on Thursday, March 15th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $41.00.
Shares of NYSE GCO opened at $44.00 on Thursday. Genesco has a fifty-two week low of $20.90 and a fifty-two week high of $55.90. The company has a market cap of $873.19, a price-to-earnings ratio of 14.01, a price-to-earnings-growth ratio of 1.39 and a beta of 1.06. The company has a quick ratio of 0.60, a current ratio of 2.72 and a debt-to-equity ratio of 0.10.
Genesco (NYSE:GCO) last posted its quarterly earnings results on Thursday, March 15th. The company reported $2.15 EPS for the quarter, beating the Zacks’ consensus estimate of $2.09 by $0.06. Genesco had a negative net margin of 3.85% and a positive return on equity of 7.07%. The firm had revenue of $930.00 million for the quarter, compared to analysts’ expectations of $902.00 million. During the same quarter in the prior year, the company posted $2.15 earnings per share. The business’s revenue for the quarter was up 5.3% on a year-over-year basis. sell-side analysts anticipate that Genesco will post 3.33 EPS for the current year.
Several hedge funds have recently made changes to their positions in GCO. Public Employees Retirement System of Ohio raised its position in shares of Genesco by 16.9% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 4,278 shares of the company’s stock valued at $145,000 after purchasing an additional 618 shares during the period. Nationwide Fund Advisors raised its position in shares of Genesco by 68.9% during the 3rd quarter. Nationwide Fund Advisors now owns 52,324 shares of the company’s stock valued at $1,392,000 after purchasing an additional 21,347 shares during the period. First Trust Advisors LP raised its position in shares of Genesco by 59.4% during the 3rd quarter. First Trust Advisors LP now owns 60,247 shares of the company’s stock valued at $1,603,000 after purchasing an additional 22,449 shares during the period. Crossmark Global Holdings Inc. bought a new stake in shares of Genesco during the 3rd quarter valued at $240,000. Finally, Prudential Financial Inc. raised its position in shares of Genesco by 38.7% during the 3rd quarter. Prudential Financial Inc. now owns 332,807 shares of the company’s stock valued at $8,852,000 after purchasing an additional 92,940 shares during the period. Hedge funds and other institutional investors own 99.24% of the company’s stock.
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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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