Zacks Investment Research lowered shares of Genesco (NYSE:GCO) from a buy rating to a hold rating in a report released on Monday morning.

According to Zacks, “Genesco Inc., a Nashville-based specialty retailer, sells footwear, headwear and accessories in retail stores in the United States and Canada. The Company sells its products principally under the names Journeys, Journeys Kidz, Shi by Journeys, Johnston & Murphy, Underground Station, Hatworld, Lids, Hat Shack, Hat Zone, Head Quarters and Cap Connection, and on internet websites. The Company also sells footwear at wholesale under its Johnston & Murphy brand and under the licensed Dockers brand. “

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GCO has been the topic of several other research reports. Buckingham Research raised their price objective on Genesco from $23.00 to $30.00 and gave the stock a neutral rating in a research note on Monday, November 20th. ValuEngine cut Genesco from a buy rating to a hold rating in a research report on Wednesday, March 7th. Pivotal Research set a $44.00 target price on Genesco and gave the stock a buy rating in a research report on Wednesday, January 31st. Jefferies Group set a $45.00 target price on Genesco and gave the stock a buy rating in a research report on Monday, February 26th. Finally, SunTrust Banks increased their target price on Genesco to $39.00 and gave the stock a buy rating in a research report on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. Genesco presently has an average rating of Hold and an average target price of $40.00.

Genesco stock opened at $39.95 on Monday. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.70 and a quick ratio of 0.60. Genesco has a 12 month low of $20.90 and a 12 month high of $57.70. The company has a market capitalization of $777.61, a PE ratio of -6.86, a PEG ratio of 1.24 and a beta of 1.11.

Genesco (NYSE:GCO) last posted its quarterly earnings data on Thursday, March 15th. The company reported $2.15 EPS for the quarter, topping the 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 quarter last year, the company earned $2.15 earnings per share. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. research analysts expect that Genesco will post 3.33 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GCO. Public Employees Retirement System of Ohio grew its holdings in Genesco by 46.1% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 6,249 shares of the company’s stock valued at $166,000 after buying an additional 1,971 shares in the last quarter. Teacher Retirement System of Texas purchased a new position in Genesco during the 4th quarter valued at approximately $216,000. Pinnacle Financial Partners Inc. purchased a new position in Genesco during the 3rd quarter valued at approximately $226,000. Crossmark Global Holdings Inc. purchased a new position in Genesco during the 3rd quarter valued at approximately $240,000. Finally, Wolverine Trading LLC grew its holdings in Genesco by 113.1% during the 4th quarter. Wolverine Trading LLC now owns 7,883 shares of the company’s stock valued at $256,000 after buying an additional 4,183 shares in the last quarter. Institutional investors and hedge funds own 99.24% of the company’s stock.

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About Genesco

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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