Genesco (NYSE:GCO – Get Rating) was downgraded by equities researchers at TheStreet from a “b” rating to a “c+” rating in a research report issued to clients and investors on Thursday, TheStreetRatingsTable reports.
A number of other research firms have also recently issued reports on GCO. StockNews.com assumed coverage on Genesco in a research report on Thursday, March 31st. They issued a “buy” rating for the company. Zacks Investment Research lowered Genesco from a “buy” rating to a “hold” rating in a research note on Tuesday, May 10th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $71.33.
GCO opened at $59.09 on Thursday. Genesco has a 12-month low of $50.01 and a 12-month high of $73.72. The stock has a market cap of $806.99 million, a price-to-earnings ratio of 7.38 and a beta of 1.91. The business has a 50 day moving average of $63.49 and a 200-day moving average of $64.32. The company has a quick ratio of 1.00, a current ratio of 1.64 and a debt-to-equity ratio of 0.03.
Genesco (NYSE:GCO – Get Rating) last released its quarterly earnings data on Thursday, May 26th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.53. Genesco had a return on equity of 18.74% and a net margin of 4.74%. The company had revenue of $520.80 million during the quarter, compared to analysts’ expectations of $521.05 million. During the same period last year, the firm posted $0.79 earnings per share. The business’s revenue was down 3.3% on a year-over-year basis. As a group, analysts expect that Genesco will post 7.41 earnings per share for the current year.
A number of institutional investors have recently bought and sold shares of the business. Allianz Asset Management GmbH increased its stake in Genesco by 0.6% during the 4th quarter. Allianz Asset Management GmbH now owns 30,490 shares of the company’s stock worth $1,957,000 after acquiring an additional 194 shares during the period. Thrivent Financial for Lutherans boosted its holdings in shares of Genesco by 1.7% in the 4th quarter. Thrivent Financial for Lutherans now owns 11,558 shares of the company’s stock valued at $742,000 after purchasing an additional 194 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in shares of Genesco by 41.0% in the 1st quarter. Lazard Asset Management LLC now owns 708 shares of the company’s stock valued at $45,000 after purchasing an additional 206 shares in the last quarter. Exchange Traded Concepts LLC boosted its holdings in shares of Genesco by 1.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 12,954 shares of the company’s stock valued at $831,000 after purchasing an additional 209 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in shares of Genesco by 5.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 7,097 shares of the company’s stock valued at $451,000 after purchasing an additional 340 shares in the last quarter. Hedge funds and other institutional investors own 93.60% of the company’s stock.
About Genesco (Get Rating)
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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