Genesco (NYSE:GCO)‘s stock had its “hold” rating reaffirmed by investment analysts at Robert W. Baird in a research note issued to investors on Friday. They currently have a $45.00 price objective on the stock. Robert W. Baird’s target price points to a potential upside of 2.27% from the stock’s current price.
Several other research analysts also recently commented on the stock. TheStreet raised shares of Genesco from a “d+” rating to a “c-” rating in a research note on Wednesday, March 21st. Zacks Investment Research downgraded shares of Genesco from a “buy” rating to a “hold” rating in a research note on Monday, March 19th. Piper Jaffray set a $44.00 price target on shares of Genesco and gave the stock a “buy” rating in a research note on Thursday, March 15th. SunTrust Banks set a $44.00 price target on shares of Genesco and gave the stock a “buy” rating in a research note on Thursday, March 15th. Finally, Buckingham Research restated a “neutral” rating and issued a $35.00 target price (up previously from $32.00) on shares of Genesco in a report on Friday, March 16th. One investment 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. Genesco currently has a consensus rating of “Hold” and a consensus price target of $41.00.
GCO stock opened at $44.00 on Friday. The company has a market cap 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 one year low of $20.90 and a one year high of $55.90. The company has a current ratio of 2.72, a quick ratio of 0.60 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, topping the consensus estimate of $2.09 by $0.06. The firm had revenue of $930.00 million for the quarter, compared to the consensus estimate of $902.00 million. Genesco had a negative net margin of 3.85% and a positive return on equity of 7.07%. The business’s revenue was up 5.3% compared to the same quarter last year. During the same period last year, the firm posted $2.15 earnings per share. analysts anticipate that Genesco will post 3.33 EPS for the current year.
Institutional investors have recently modified their holdings of the company. Legion Partners Asset Management LLC bought a new position in shares of Genesco in the fourth quarter worth approximately $26,777,000. Carillon Tower Advisers Inc. bought a new position in shares of Genesco in the fourth quarter worth approximately $42,811,000. Heartland Advisors Inc. bought a new position in shares of Genesco in the fourth quarter worth approximately $3,461,000. Victory Capital Management Inc. grew its holdings in shares of Genesco by 1.8% in the fourth quarter. Victory Capital Management Inc. now owns 552,829 shares of the company’s stock worth $17,967,000 after purchasing an additional 9,744 shares during the last quarter. Finally, Wealthstreet Investment Advisors LLC bought a new position in shares of Genesco in the fourth quarter worth approximately $823,000. 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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