Piper Jaffray set a $44.00 price objective on Genesco (NYSE:GCO) in a research note released on Thursday, March 15th. The firm currently has a buy rating on the stock.
A number of other research firms also recently commented on GCO. SunTrust Banks set a $44.00 target price on Genesco and gave the company a buy rating in a research note on Thursday, March 15th. Jefferies Group upgraded Genesco from a hold rating to a buy rating in a research note on Tuesday, January 2nd. Pivotal Research lowered Genesco from a buy rating to a hold rating and lowered their price objective for the company from $46.00 to $41.00 in a research note on Thursday, March 15th. ValuEngine lowered Genesco from a buy rating to a hold rating in a research note on Wednesday, March 7th. Finally, Buckingham Research raised their price objective on Genesco from $23.00 to $30.00 and gave the company a neutral rating in a research note on Monday, November 20th. 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 stock. Genesco presently has an average rating of Hold and a consensus price target of $41.00.
Genesco stock traded up $0.15 during trading hours on Thursday, hitting $44.00. The stock had a trading volume of 454,703 shares, compared to its average volume of 356,422. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.60 and a current ratio of 2.72. The firm has a market capitalization of $876.17, a price-to-earnings ratio of 14.06, a price-to-earnings-growth ratio of 1.39 and a beta of 1.06. Genesco has a 1-year low of $20.90 and a 1-year high of $55.90.
Genesco (NYSE:GCO) last released its earnings results on Thursday, March 15th. The company reported $2.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.09 by $0.06. Genesco had a positive return on equity of 7.07% and a negative net margin of 3.85%. The firm had revenue of $930.00 million for the quarter, compared to the consensus estimate of $902.00 million. During the same period in the prior year, the business posted $2.15 earnings per share. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. sell-side analysts forecast that Genesco will post 3.33 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio lifted its holdings in shares of Genesco by 16.9% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 4,278 shares of the company’s stock worth $145,000 after purchasing an additional 618 shares during the last quarter. Teacher Retirement System of Texas bought a new stake in shares of Genesco in the 4th quarter worth approximately $216,000. Pinnacle Financial Partners Inc. bought a new stake in shares of Genesco in the 3rd quarter worth approximately $226,000. Crossmark Global Holdings Inc. bought a new stake in shares of Genesco in the 3rd quarter worth approximately $240,000. Finally, Wolverine Trading LLC lifted its holdings in shares of Genesco by 113.1% in the 4th quarter. Wolverine Trading LLC now owns 7,883 shares of the company’s stock worth $256,000 after purchasing an additional 4,183 shares during the last quarter. 99.24% of the stock is currently owned by institutional investors and hedge funds.
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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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