Genesco Inc. (NYSE:GCO) has been assigned a consensus rating of “Hold” from the twelve research firms that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $33.29.
A number of equities analysts have issued reports on the company. Zacks Investment Research cut Genesco from a “hold” rating to a “sell” rating in a report on Tuesday, December 5th. TheStreet cut Genesco from a “c-” rating to a “d” rating in a report on Friday, December 1st. Piper Jaffray Companies set a $35.00 price target on Genesco and gave the stock a “buy” rating in a report on Wednesday, November 29th. Susquehanna Bancshares reiterated a “hold” rating and issued a $30.00 target price on shares of Genesco in a report on Tuesday, November 28th. Finally, Buckingham Research increased their target price on Genesco from $23.00 to $30.00 and gave the stock a “neutral” rating in a report on Monday, November 20th.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GCO. Tower Research Capital LLC TRC purchased a new stake in shares of Genesco during the 2nd quarter valued at $144,000. Public Employees Retirement System of Ohio increased its position in shares of Genesco by 16.9% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 4,278 shares of the company’s stock valued at $145,000 after purchasing an additional 618 shares during the last quarter. Pacad Investment Ltd. increased its position in shares of Genesco by 109.7% during the 2nd quarter. Pacad Investment Ltd. now owns 7,550 shares of the company’s stock valued at $256,000 after purchasing an additional 3,950 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Genesco by 182.8% during the 2nd quarter. SG Americas Securities LLC now owns 7,962 shares of the company’s stock valued at $270,000 after purchasing an additional 5,147 shares during the last quarter. Finally, Pinnacle Financial Partners Inc. purchased a new stake in Genesco in the 3rd quarter worth about $226,000. 97.65% of the stock is owned by institutional investors and hedge funds.
Genesco (NYSE:GCO) last announced its earnings results on Friday, December 1st. The company reported $1.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.12 by ($0.10). The company had revenue of $716.80 million during the quarter, compared to the consensus estimate of $706.58 million. Genesco had a negative net margin of 4.24% and a positive return on equity of 6.93%. The business’s revenue was up .8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.28 earnings per share. sell-side analysts predict that Genesco will post 3.07 earnings per share for the current year.
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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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