Susquehanna Bancshares reiterated their buy rating on shares of Genesco (NYSE:GCO) in a research note published on Tuesday, Stock Target Advisor reports. Susquehanna Bancshares currently has a $58.00 price target on the stock.
GCO has been the subject of a number of other reports. Pivotal Research reiterated a buy rating and issued a $57.00 target price on shares of Genesco in a research report on Monday. TheStreet upgraded shares of Genesco from a c+ rating to a b- rating in a research report on Friday, December 27th. Robert W. Baird increased their target price on shares of Genesco from $40.00 to $52.00 and gave the company a neutral rating in a research report on Monday, December 9th. ValuEngine upgraded shares of Genesco from a sell rating to a hold rating in a research report on Saturday, January 4th. Finally, Zacks Investment Research upgraded shares of Genesco from a hold rating to a buy rating and set a $57.00 target price for the company in a research report on Tuesday, December 10th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Genesco currently has an average rating of Buy and a consensus target price of $56.00.
GCO traded down $0.21 on Tuesday, hitting $43.42. 2,928 shares of the company’s stock were exchanged, compared to its average volume of 292,000. Genesco has a fifty-two week low of $31.65 and a fifty-two week high of $53.20. The stock has a market cap of $653.86 million, a price-to-earnings ratio of 13.26, a P/E/G ratio of 2.08 and a beta of 0.57. The firm has a 50-day moving average price of $46.39 and a 200-day moving average price of $40.62. The company has a current ratio of 1.34, a quick ratio of 0.28 and a debt-to-equity ratio of 1.27.
Genesco (NYSE:GCO) last issued its earnings results on Friday, December 6th. The company reported $1.33 EPS for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.23. The business had revenue of $537.30 million during the quarter, compared to analysts’ expectations of $540.64 million. Genesco had a negative net margin of 1.74% and a positive return on equity of 10.98%. The company’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.95 earnings per share. On average, equities analysts predict that Genesco will post 4.28 EPS for the current year.
In related news, Director Kathleen Mason sold 2,500 shares of the firm’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $48.10, for a total transaction of $120,250.00. Following the completion of the sale, the director now directly owns 42,191 shares in the company, valued at $2,029,387.10. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Daniel E. Ewoldsen sold 3,270 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $49.39, for a total transaction of $161,505.30. Following the sale, the vice president now owns 10,803 shares of the company’s stock, valued at $533,560.17. The disclosure for this sale can be found here. Insiders sold 9,286 shares of company stock valued at $459,571 over the last quarter. Company insiders own 4.40% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the stock. Eagle Asset Management Inc. increased its position in Genesco by 0.3% during the third quarter. Eagle Asset Management Inc. now owns 626,332 shares of the company’s stock worth $25,065,000 after purchasing an additional 1,667 shares during the last quarter. Millennium Management LLC increased its position in shares of Genesco by 504.3% during the third quarter. Millennium Management LLC now owns 387,627 shares of the company’s stock valued at $15,512,000 after acquiring an additional 323,481 shares during the last quarter. Smith Graham & Co. Investment Advisors LP increased its position in shares of Genesco by 0.6% during the third quarter. Smith Graham & Co. Investment Advisors LP now owns 198,955 shares of the company’s stock valued at $7,962,000 after acquiring an additional 1,100 shares during the last quarter. D. E. Shaw & Co. Inc. raised its stake in shares of Genesco by 185.4% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 189,654 shares of the company’s stock valued at $8,020,000 after acquiring an additional 123,191 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in shares of Genesco by 11.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 171,653 shares of the company’s stock valued at $6,867,000 after acquiring an additional 17,507 shares during the period.
Genesco Inc operates as a retailer and wholesaler of footwear, apparel, and accessories. The company operates through four segments: Journeys Group, Schuh Group, Johnston & Murphy Group, and Licensed Brands. The Journeys Group segment offers footwear and accessories through the Journeys, Journeys Kidz, and Little Burgundy retail chains, as well as through e-commerce and catalogs for young men, women, and children.
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