A number of other research firms have also commented on GCO. Piper Jaffray Companies set a $35.00 price target on shares of Genesco and gave the company a buy rating in a report on Wednesday, November 29th. Buckingham Research upped their price target on shares of Genesco from $23.00 to $30.00 and gave the company a neutral rating in a report on Monday, November 20th. Susquehanna Bancshares reiterated a hold rating and set a $30.00 price target on shares of Genesco in a report on Tuesday, November 28th. BidaskClub lowered shares of Genesco from a sell rating to a strong sell rating in a report on Monday, August 14th. Finally, UBS lowered shares of Genesco from a positive rating to a neutral rating in a report on Monday, August 28th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $33.29.
Genesco (GCO) traded up $2.05 during trading hours on Friday, reaching $27.60. 1,149,200 shares of the company were exchanged, compared to its average volume of 418,007. Genesco has a 52 week low of $20.90 and a 52 week high of $72.00. The company has a quick ratio of 0.47, a current ratio of 2.31 and a debt-to-equity ratio of 0.29. The company has a market cap of $508.93, a price-to-earnings ratio of 8.16, a P/E/G ratio of 0.81 and a beta of 1.38.
In related news, Chairman Robert J. Dennis acquired 25,000 shares of the firm’s stock in a transaction on Wednesday, September 6th. The stock was acquired at an average cost of $23.81 per share, for a total transaction of $595,250.00. Following the acquisition, the chairman now owns 224,935 shares of the company’s stock, valued at $5,355,702.35. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Mimi Eckel Vaughn acquired 10,000 shares of the firm’s stock in a transaction on Wednesday, September 6th. The stock was bought at an average price of $24.16 per share, with a total value of $241,600.00. Following the completion of the acquisition, the senior vice president now directly owns 87,140 shares in the company, valued at approximately $2,105,302.40. The disclosure for this purchase can be found here. 3.30% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of GCO. State of Alaska Department of Revenue grew its position in shares of Genesco by 77.8% in the 2nd quarter. State of Alaska Department of Revenue now owns 3,893 shares of the company’s stock worth $131,000 after buying an additional 1,703 shares during the period. Tower Research Capital LLC TRC purchased a new stake in Genesco during the 2nd quarter valued at about $144,000. Public Employees Retirement System of Ohio grew its position in 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. Pinnacle Financial Partners Inc. purchased a new stake in Genesco during the 3rd quarter valued at about $226,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in Genesco during the 3rd quarter valued at about $240,000. Institutional investors and hedge funds own 97.82% of the company’s stock.
Genesco Company Profile
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.
What are top analysts saying about Genesco Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Genesco Inc. and related companies.