Genesco Inc. (NYSE:GCO) had its target price lifted by Buckingham Research from $23.00 to $30.00 in a research note released on Monday morning. They currently have a neutral rating on the stock.

A number of other equities research analysts have also recently issued reports on GCO. Jefferies Group LLC set a $48.00 price objective on Genesco and gave the stock a hold rating in a report on Saturday, August 19th. Zacks Investment Research upgraded Genesco from a strong sell rating to a hold rating in a report on Tuesday, November 14th. SunTrust Banks, Inc. set a $33.00 price objective on Genesco and gave the stock a buy rating in a report on Monday, October 16th. ValuEngine upgraded Genesco from a hold rating to a buy rating in a research note on Monday, October 2nd. Finally, BidaskClub upgraded Genesco from a strong sell rating to a sell rating in a research note on Friday, August 25th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. Genesco presently has an average rating of Hold and a consensus price target of $33.71.

Shares of Genesco (NYSE:GCO) traded up $0.25 during midday trading on Monday, reaching $29.85. The company’s stock had a trading volume of 675,800 shares, compared to its average volume of 397,445. The firm has a market capitalization of $589.60, a P/E ratio of 8.73, a PEG ratio of 0.90 and a beta of 1.27. The company has a current ratio of 2.38, a quick ratio of 0.47 and a debt-to-equity ratio of 0.21. Genesco has a 1 year low of $20.90 and a 1 year high of $72.00.

Genesco (NYSE:GCO) last announced its quarterly 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). Genesco had a return on equity of 7.36% and a net margin of 2.43%. The business had revenue of $616.50 million for the quarter, compared to analyst estimates of $626.93 million. During the same period last year, the firm earned $0.34 EPS. Genesco’s quarterly revenue was down 1.5% compared to the same quarter last year. equities analysts forecast that Genesco will post 3.45 EPS for the current fiscal year.

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In other Genesco news, SVP Mimi Eckel Vaughn purchased 10,000 shares of the firm’s stock in a transaction on Wednesday, September 6th. The stock was purchased at an average cost of $24.16 per share, for a total transaction of $241,600.00. Following the acquisition, the senior vice president now owns 87,140 shares in the company, valued at approximately $2,105,302.40. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Robert J. Dennis purchased 25,000 shares of the firm’s stock in a transaction on Wednesday, September 6th. The shares were acquired at an average price of $23.81 per share, with a total value of $595,250.00. Following the completion of the acquisition, the chairman now owns 224,935 shares in the company, valued at approximately $5,355,702.35. The disclosure for this purchase can be found here. Corporate insiders own 3.30% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. grew its holdings in Genesco by 45,756.3% during the 1st quarter. BlackRock Inc. now owns 2,482,203 shares of the company’s stock worth $137,638,000 after acquiring an additional 2,476,790 shares during the period. Eagle Asset Management Inc. boosted its position in shares of Genesco by 9.4% during the 2nd quarter. Eagle Asset Management Inc. now owns 2,064,808 shares of the company’s stock worth $69,996,000 after purchasing an additional 177,335 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Genesco by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 1,964,020 shares of the company’s stock worth $108,905,000 after purchasing an additional 15,003 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in shares of Genesco by 0.4% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 909,846 shares of the company’s stock worth $24,202,000 after purchasing an additional 3,578 shares in the last quarter. Finally, State Street Corp boosted its position in shares of Genesco by 12.4% during the 2nd quarter. State Street Corp now owns 648,235 shares of the company’s stock worth $21,977,000 after purchasing an additional 71,541 shares in the last quarter. Hedge funds and other institutional investors own 93.88% of the company’s stock.

Genesco Company Profile

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.

Analyst Recommendations for Genesco (NYSE:GCO)

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