Several other research firms also recently issued reports on GCO. B. Riley restated a neutral rating and set a $65.00 price objective on shares of Genesco in a report on Wednesday, January 11th. Zacks Investment Research upgraded Genesco from a hold rating to a buy rating and set a $67.00 price objective on the stock in a report on Tuesday, January 31st. Finally, TheStreet downgraded Genesco from a b- rating to a c+ rating in a report on Monday, February 6th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Genesco has a consensus rating of Hold and a consensus price target of $63.71.
Genesco (NYSE:GCO) traded down 1.11% on Thursday, reaching $53.45. 163,128 shares of the company’s stock were exchanged. Genesco has a 1-year low of $47.66 and a 1-year high of $74.21. The company has a market capitalization of $1.05 billion, a PE ratio of 11.07 and a beta of 1.28. The company has a 50 day moving average price of $55.38 and a 200-day moving average price of $59.52.
Genesco (NYSE:GCO) last announced its earnings results on Friday, March 10th. The company reported $2.15 EPS for the quarter, beating the consensus estimate of $1.78 by $0.37. The business had revenue of $883 million for the quarter, compared to the consensus estimate of $901.35 million. Genesco had a return on equity of 10.10% and a net margin of 3.34%. The company’s revenue was down 5.3% on a year-over-year basis. During the same period last year, the business posted $2.11 EPS. On average, equities research analysts anticipate that Genesco will post $4.46 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp raised its position in shares of Genesco by 9.1% in the third quarter. Bank of New York Mellon Corp now owns 280,210 shares of the company’s stock worth $15,261,000 after buying an additional 23,464 shares during the period. BlackRock Fund Advisors raised its position in shares of Genesco by 7.7% in the third quarter. BlackRock Fund Advisors now owns 1,471,822 shares of the company’s stock worth $80,155,000 after buying an additional 105,380 shares during the period. Norges Bank acquired a new position in shares of Genesco during the fourth quarter worth about $33,980,000. Guggenheim Capital LLC raised its position in shares of Genesco by 46.3% in the fourth quarter. Guggenheim Capital LLC now owns 55,316 shares of the company’s stock worth $3,435,000 after buying an additional 17,499 shares during the period. Finally, Comerica Bank raised its position in shares of Genesco by 68.7% in the fourth quarter. Comerica Bank now owns 49,296 shares of the company’s stock worth $3,093,000 after buying an additional 20,074 shares during the period. Institutional investors own 95.46% of the company’s stock.
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. Its Journeys Group segment includes Journeys, Journeys Kidz, Shi by Journeys, Little Burgundy and Underground by Journeys retail stores, catalog and e-commerce operations.
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