Shares of Genesco Inc. (NYSE:GCO) have earned an average recommendation of “Hold” from the twelve ratings firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned 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 $40.38.

A number of research analysts have issued reports on the company. Pivotal Research raised Genesco from a “hold” rating to a “buy” rating and lifted their price objective for the company from $44.00 to $54.00 in a report on Thursday, August 30th. Macquarie lifted their price objective on Genesco from $28.00 to $32.00 and gave the company a “hold” rating in a report on Monday, September 10th. Zacks Investment Research raised Genesco from a “sell” rating to a “hold” rating and set a $53.00 price objective for the company in a report on Tuesday, September 11th. ValuEngine raised Genesco from a “hold” rating to a “buy” rating in a report on Tuesday, November 27th. Finally, Piper Jaffray Companies set a $41.00 price objective on Genesco and gave the company a “hold” rating in a report on Friday, November 30th.

Several hedge funds and other institutional investors have recently modified their holdings of GCO. Wells Fargo & Company MN raised its holdings in shares of Genesco by 1.9% in the third quarter. Wells Fargo & Company MN now owns 63,917 shares of the company’s stock valued at $3,010,000 after buying an additional 1,211 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of Genesco by 3.4% in the second quarter. Legal & General Group Plc now owns 68,849 shares of the company’s stock valued at $2,748,000 after buying an additional 2,238 shares during the last quarter. State Board of Administration of Florida Retirement System raised its holdings in shares of Genesco by 25.4% in the second quarter. State Board of Administration of Florida Retirement System now owns 11,649 shares of the company’s stock valued at $462,000 after buying an additional 2,363 shares during the last quarter. NumerixS Investment Technologies Inc bought a new position in shares of Genesco in the second quarter valued at about $106,000. Finally, Pinebridge Investments L.P. raised its holdings in shares of Genesco by 8.5% in the second quarter. Pinebridge Investments L.P. now owns 37,975 shares of the company’s stock valued at $1,508,000 after buying an additional 2,990 shares during the last quarter.

GCO traded up $1.02 during trading on Friday, reaching $43.93. 585,339 shares of the company’s stock were exchanged, compared to its average volume of 331,371. Genesco has a fifty-two week low of $28.25 and a fifty-two week high of $51.85. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.43 and a quick ratio of 0.53. The company has a market capitalization of $866.47 million, a P/E ratio of 13.99, a P/E/G ratio of 1.79 and a beta of 1.03.

Genesco (NYSE:GCO) last posted its quarterly earnings results on Thursday, December 6th. The company reported $0.95 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.09. The firm had revenue of $713.10 million for the quarter, compared to the consensus estimate of $712.06 million. Genesco had a negative net margin of 3.77% and a positive return on equity of 7.53%. The business’s revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.02 earnings per share. On average, equities research analysts expect that Genesco will post 3.2 EPS for the current fiscal year.

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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Analyst Recommendations for Genesco (NYSE:GCO)

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