Shares of Genesco Inc. (NYSE:GCO – Get Rating) have earned a consensus rating of “Moderate Buy” from the five ratings firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $69.50.
Separately, TheStreet lowered shares of Genesco from a “b” rating to a “c+” rating in a research report on Thursday, May 26th.
Genesco Stock Up 0.2 %
Shares of NYSE:GCO opened at $58.85 on Friday. The company has a 50-day moving average price of $54.95 and a 200 day moving average price of $61.06. Genesco has a 12 month low of $48.54 and a 12 month high of $73.72. The company has a market cap of $807.95 million, a price-to-earnings ratio of 7.56 and a beta of 1.87. The company has a current ratio of 1.56, a quick ratio of 0.70 and a debt-to-equity ratio of 0.02.
Genesco (NYSE:GCO – Get Rating) last announced its quarterly earnings results on Thursday, May 26th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of ($0.09) by $0.53. Genesco had a return on equity of 17.62% and a net margin of 4.61%. The firm had revenue of $520.80 million for the quarter, compared to analyst estimates of $521.05 million. During the same quarter last year, the firm posted $0.79 earnings per share. The business’s revenue for the quarter was down 3.3% on a year-over-year basis. As a group, equities research analysts predict that Genesco will post 7.41 earnings per share for the current year.
Institutional Investors Weigh In On Genesco
Several institutional investors have recently made changes to their positions in GCO. Landscape Capital Management L.L.C. acquired a new stake in Genesco during the 2nd quarter valued at $1,074,000. First Horizon Advisors Inc. purchased a new position in Genesco in the 2nd quarter valued at about $49,000. Versor Investments LP acquired a new stake in Genesco in the second quarter valued at $692,000. Assenagon Asset Management S.A. acquired a new stake in shares of Genesco during the 2nd quarter valued at approximately $313,000. Finally, KBC Group NV acquired a new stake in shares of Genesco during the 2nd quarter worth approximately $59,000. 93.60% of the stock is currently owned by hedge funds and other institutional investors.
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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