A number of firms have modified their ratings and price targets on shares of Genesco (NYSE: GCO) recently:

  • 9/1/2017 – Genesco had its price target lowered by analysts at Buckingham Research from $38.00 to $23.00. They now have a “neutral” rating on the stock.
  • 9/1/2017 – Genesco was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 8/31/2017 – Genesco had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $27.00 price target on the stock.
  • 8/28/2017 – Genesco was downgraded by analysts at UBS Group AG from a “positive” rating to a “neutral” rating.
  • 8/28/2017 – Genesco had its “neutral” rating reaffirmed by analysts at Susquehanna Bancshares Inc. They now have a $29.00 price target on the stock, down previously from $43.00.
  • 8/25/2017 – Genesco was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 8/23/2017 – Genesco was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “
  • 8/19/2017 – Genesco was given a new $48.00 price target on by analysts at Jefferies Group LLC. They now have a “hold” rating on the stock.
  • 8/14/2017 – Genesco was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 8/1/2017 – Genesco was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. 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. “
  • 7/31/2017 – Genesco was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 7/24/2017 – Genesco was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 7/14/2017 – Genesco had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $48.00 price target on the stock.
  • 7/13/2017 – Genesco was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.

Shares of Genesco Inc. (NYSE:GCO) opened at 23.20 on Tuesday. Genesco Inc. has a one year low of $20.90 and a one year high of $72.00. The firm has a market cap of $454.56 million, a P/E ratio of 5.21 and a beta of 1.29. The firm has a 50-day moving average price of $28.83 and a 200 day moving average price of $43.10.

Genesco (NYSE:GCO) last released its earnings results on Thursday, August 31st. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by $0.04. The firm had revenue of $616.50 million during the quarter, compared to analyst estimates of $626.93 million. Genesco had a return on equity of 7.36% and a net margin of 2.43%. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter last year, the company earned $0.34 earnings per share. On average, analysts forecast that Genesco Inc. will post $3.46 earnings per share for the current fiscal year.

In other news, Director Kevin Patrick Mcdermott bought 1,000 shares of the business’s stock in a transaction on Thursday, July 6th. The stock was purchased at an average cost of $32.32 per share, for a total transaction of $32,320.00. Following the completion of the transaction, the director now directly owns 8,657 shares of the company’s stock, valued at approximately $279,794.24. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.30% 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. It relies on independent third-party manufacturers for production of its footwear products sold at wholesale.

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