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.
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.
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