Shares of Genesco Inc. (NYSE:GCO) have been given a consensus recommendation of “Hold” by the thirteen ratings firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $35.29.
A number of research firms have commented on GCO. Jefferies Group reaffirmed a “hold” rating and set a $27.00 target price on shares of Genesco in a report on Thursday, October 12th. Zacks Investment Research raised shares of Genesco from a “strong sell” rating to a “hold” rating in a report on Thursday, January 4th. ValuEngine raised shares of Genesco from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Robert W. Baird reaffirmed a “hold” rating and set a $35.00 target price on shares of Genesco in a report on Wednesday, January 3rd. Finally, SunTrust Banks lifted their target price on shares of Genesco to $39.00 and gave the stock a “buy” rating in a report on Tuesday.
Shares of Genesco (NYSE:GCO) traded up $0.20 during trading on Wednesday, hitting $35.30. 489,673 shares of the company were exchanged, compared to its average volume of 709,009. The company has a current ratio of 2.31, a quick ratio of 0.47 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $702.94, a price-to-earnings ratio of -5.60, a P/E/G ratio of 1.20 and a beta of 1.37. Genesco has a fifty-two week low of $20.90 and a fifty-two week high of $65.70.
Genesco (NYSE:GCO) last issued its quarterly earnings results on Friday, December 1st. The company reported $1.02 earnings per share for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.10). The company had revenue of $716.80 million during the quarter, compared to analyst estimates of $706.58 million. Genesco had a negative net margin of 4.24% and a positive return on equity of 6.93%. The business’s revenue for the quarter was up .8% on a year-over-year basis. During the same period in the prior year, the business earned $1.28 EPS. equities analysts anticipate that Genesco will post 3.07 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. QS Investors LLC bought a new position in shares of Genesco during the second quarter worth $1,059,000. Prudential Financial Inc. boosted its position in shares of Genesco by 38.7% during the third quarter. Prudential Financial Inc. now owns 332,807 shares of the company’s stock worth $8,852,000 after purchasing an additional 92,940 shares in the last quarter. Citadel Advisors LLC boosted its position in shares of Genesco by 369.8% during the second quarter. Citadel Advisors LLC now owns 353,341 shares of the company’s stock worth $11,978,000 after purchasing an additional 278,134 shares in the last quarter. Teachers Advisors LLC boosted its position in shares of Genesco by 16.2% during the second quarter. Teachers Advisors LLC now owns 41,924 shares of the company’s stock worth $1,421,000 after purchasing an additional 5,859 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of Genesco by 37.0% during the second quarter. Goldman Sachs Group Inc. now owns 68,756 shares of the company’s stock worth $2,331,000 after purchasing an additional 18,558 shares in the last quarter. 97.65% of the stock is owned by hedge funds and other institutional investors.
Genesco Company Profile
Genesco Inc is a retailer and wholesaler of footwear, apparel and accessories. The Company operates in five segments: Journeys Group, Schuh Group, Lids Sports Group, Johnston & Murphy Group and Licensed Brands. It relies on independent third-party manufacturers for production of its footwear products sold at wholesale.
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