ValuEngine downgraded shares of Genesco (NYSE:GCO) from a buy rating to a hold rating in a research note released on Wednesday morning.
A number of other equities analysts also recently issued reports on GCO. Zacks Investment Research raised Genesco from a strong sell rating to a hold rating in a research report on Tuesday, November 14th. Buckingham Research increased their price target on Genesco from $23.00 to $30.00 and gave the stock a neutral rating in a research report on Monday, November 20th. Susquehanna Bancshares reissued a hold rating and set a $30.00 price target on shares of Genesco in a research report on Tuesday, November 28th. Piper Jaffray Companies set a $35.00 price target on Genesco and gave the stock a buy rating in a research report on Wednesday, November 29th. Finally, TheStreet downgraded Genesco from a c- rating to a d rating in a research report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. Genesco presently has an average rating of Hold and a consensus price target of $38.20.
Genesco (GCO) opened at $40.10 on Wednesday. Genesco has a 12-month low of $20.90 and a 12-month high of $63.50. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.47 and a current ratio of 2.31. The stock has a market capitalization of $798.51, a price-to-earnings ratio of 12.81, a PEG ratio of 1.20 and a beta of 1.11.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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