Genesco (GCO) Earns Hold Rating from Robert W. Baird
GCO has been the subject of several other reports. Morgan Stanley dropped their target price on Genesco from $38.00 to $28.00 and set an equal weight rating for the company in a report on Wednesday, September 13th. Zacks Investment Research upgraded Genesco from a strong sell rating to a hold rating in a report on Tuesday, November 14th. SunTrust Banks set a $33.00 target price on Genesco and gave the company a buy rating in a report on Monday, October 16th. Buckingham Research upped their target price on Genesco from $23.00 to $30.00 and gave the company a neutral rating in a report on Monday, November 20th. Finally, ValuEngine upgraded Genesco from a hold rating to a buy rating in a report on Monday, October 2nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $33.50.
Shares of Genesco (NYSE:GCO) opened at $32.70 on Wednesday. The company has a quick ratio of 0.47, a current ratio of 2.31 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $657.14, a price-to-earnings ratio of 10.54, a price-to-earnings-growth ratio of 1.13 and a beta of 1.37. Genesco has a twelve month low of $20.90 and a twelve month high of $65.70.
Genesco (NYSE:GCO) last issued its earnings results on Friday, December 1st. The company reported $1.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.12 by ($0.10). The company had revenue of $716.80 million during the quarter, compared to analysts’ expectations of $706.58 million. Genesco had a negative net margin of 4.24% and a positive return on equity of 6.93%. The firm’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.28 earnings per share. equities research analysts anticipate that Genesco will post 3.08 earnings per share for the current year.
Institutional investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC acquired a new position in shares of Genesco in the 2nd quarter valued at $144,000. Public Employees Retirement System of Ohio lifted its stake 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 valued at $145,000 after purchasing an additional 618 shares during the last quarter. Pacad Investment Ltd. lifted its stake in shares of Genesco by 109.7% in the 2nd quarter. Pacad Investment Ltd. now owns 7,550 shares of the company’s stock valued at $256,000 after purchasing an additional 3,950 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of Genesco by 182.8% in the 2nd quarter. SG Americas Securities LLC now owns 7,962 shares of the company’s stock valued at $270,000 after purchasing an additional 5,147 shares during the last quarter. Finally, Pinnacle Financial Partners Inc. acquired a new position in shares of Genesco in the 3rd quarter valued at $226,000. 97.65% of the stock is currently owned by institutional investors and hedge funds.
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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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