Shares of Genesco Inc. (NYSE:GCO) have earned an average recommendation of “Hold” from the six analysts that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $55.50.
Several research analysts have issued reports on the company. Susquehanna Bancshares reiterated a “buy” rating and issued a $56.00 price objective on shares of Genesco in a research report on Friday, December 6th. Zacks Investment Research upgraded Genesco from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a research report on Tuesday. Robert W. Baird increased their price objective on Genesco from $40.00 to $52.00 and gave the stock a “neutral” rating in a research report on Monday. Finally, Pivotal Research increased their price objective on Genesco from $51.00 to $57.00 in a research report on Monday.
In other Genesco news, Director Kathleen Mason sold 2,500 shares of the stock in a transaction on Friday, December 6th. The stock was sold at an average price of $48.10, for a total value of $120,250.00. Following the completion of the transaction, the director now owns 42,191 shares in the company, valued at $2,029,387.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 4.40% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. Magnetar Financial LLC increased its position in shares of Genesco by 1.8% in the second quarter. Magnetar Financial LLC now owns 18,177 shares of the company’s stock valued at $769,000 after buying an additional 321 shares in the last quarter. Investors Research Corp increased its position in shares of Genesco by 12.5% in the third quarter. Investors Research Corp now owns 3,600 shares of the company’s stock valued at $144,000 after buying an additional 400 shares in the last quarter. Parallel Advisors LLC increased its position in shares of Genesco by 837.9% in the third quarter. Parallel Advisors LLC now owns 619 shares of the company’s stock valued at $25,000 after buying an additional 553 shares in the last quarter. Huntington National Bank increased its position in shares of Genesco by 18.9% in the third quarter. Huntington National Bank now owns 4,864 shares of the company’s stock valued at $195,000 after buying an additional 774 shares in the last quarter. Finally, Swiss National Bank increased its position in shares of Genesco by 2.2% in the second quarter. Swiss National Bank now owns 37,600 shares of the company’s stock valued at $1,590,000 after buying an additional 800 shares in the last quarter.
Genesco stock opened at $52.11 on Wednesday. Genesco has a 12 month low of $31.65 and a 12 month high of $53.20. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.34 and a quick ratio of 0.28. The business has a 50 day simple moving average of $39.93 and a 200-day simple moving average of $39.88. The stock has a market capitalization of $732.24 million, a PE ratio of 15.89, a price-to-earnings-growth ratio of 2.30 and a beta of 0.49.
Genesco (NYSE:GCO) last released its quarterly earnings results on Friday, December 6th. The company reported $1.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.23. Genesco had a positive return on equity of 10.97% and a negative net margin of 1.74%. The business had revenue of $537.30 million during the quarter, compared to analysts’ expectations of $540.64 million. During the same quarter in the prior year, the business earned $0.95 earnings per share. The company’s quarterly revenue was down .5% compared to the same quarter last year. As a group, equities research analysts anticipate that Genesco will post 4.25 EPS for the current year.
Genesco Inc operates as a retailer and wholesaler of footwear, apparel, and accessories. The company operates through four segments: Journeys Group, Schuh Group, Johnston & Murphy Group, and Licensed Brands. The Journeys Group segment offers footwear and accessories through the Journeys, Journeys Kidz, and Little Burgundy retail chains, as well as through e-commerce and catalogs for young men, women, and children.
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