Genesco Inc. (GCO) Receives $36.99 Consensus PT from Brokerages

Genesco Inc. (NYSE:GCO) has earned a consensus recommendation of “Hold” from the fourteen research firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $36.99.

Several research analysts have commented on GCO shares. Zacks Investment Research downgraded shares of Genesco from a “hold” rating to a “sell” rating in a report on Monday, April 30th. Piper Jaffray Companies set a $40.00 price target on shares of Genesco and gave the company a “buy” rating in a report on Wednesday, February 14th. Robert W. Baird reissued a “hold” rating and issued a $45.00 price target on shares of Genesco in a report on Friday, April 6th. Buckingham Research reissued a “neutral” rating and issued a $35.00 price target (up from $32.00) on shares of Genesco in a report on Friday, March 16th. Finally, SunTrust Banks set a $44.00 price target on shares of Genesco and gave the company a “buy” rating in a report on Thursday, March 15th.

Genesco traded down $0.60, hitting $39.90, on Friday, according to MarketBeat Ratings. The company’s stock had a trading volume of 274,800 shares, compared to its average volume of 351,536. The company has a current ratio of 2.93, a quick ratio of 0.64 and a debt-to-equity ratio of 0.13. Genesco has a 12 month low of $20.90 and a 12 month high of $45.90. The company has a market cap of $825.51 million, a PE ratio of 12.83, a price-to-earnings-growth ratio of 1.36 and a beta of 1.03.

Genesco (NYSE:GCO) last announced its quarterly earnings results on Tuesday, June 5th. The company reported ($0.06) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.07) by $0.01. Genesco had a negative net margin of 3.96% and a positive return on equity of 6.98%. The firm had revenue of $645.00 million during the quarter, compared to the consensus estimate of $636.37 million. During the same period last year, the firm earned $0.05 EPS. The business’s quarterly revenue was up .2% compared to the same quarter last year. research analysts forecast that Genesco will post 3.22 earnings per share for the current fiscal year.

In other news, Director Thurgood Marshall, Jr. sold 2,200 shares of the firm’s stock in a transaction on Wednesday, April 4th. The shares were sold at an average price of $42.31, for a total transaction of $93,082.00. Following the sale, the director now owns 9,281 shares in the company, valued at approximately $392,679.11. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 4.30% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Legion Partners Asset Management LLC purchased a new stake in shares of Genesco during the 4th quarter valued at $26,777,000. Carillon Tower Advisers Inc. purchased a new stake in shares of Genesco during the 4th quarter valued at $42,811,000. Victory Capital Management Inc. raised its position in Genesco by 1.8% in the 4th quarter. Victory Capital Management Inc. now owns 552,829 shares of the company’s stock worth $17,967,000 after purchasing an additional 9,744 shares during the period. Wealthstreet Investment Advisors LLC purchased a new position in Genesco in the 4th quarter worth $823,000. Finally, Bank of Montreal Can raised its position in Genesco by 9.6% in the 4th quarter. Bank of Montreal Can now owns 31,833 shares of the company’s stock worth $1,034,000 after purchasing an additional 2,778 shares during the period.

Genesco Company Profile

Genesco Inc retails and wholesales footwear, apparel, and accessories. The company operates in five segments: Journeys Group, Schuh Group, Lids Sports Group, Johnston & Murphy Group, and Licensed Brands. The Journeys Group segment offers footwear and accessories through the Journeys, Journeys Kidz, Shi by Journeys, and Little Burgundy retail chains, as well as through e-commerce and catalogs for young men, women, and children.

Analyst Recommendations for Genesco (NYSE:GCO)

Receive News & Ratings for Genesco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genesco and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply