Genesco (NYSE:GCO) had its target price boosted by SunTrust Banks to $39.00 in a research note released on Tuesday morning, The Fly reports. The brokerage currently has a buy rating on the stock.
GCO has been the subject of several other research reports. Jefferies Group reaffirmed a hold rating and set a $27.00 price target on shares of Genesco in a research report on Thursday, October 12th. Zacks Investment Research raised shares of Genesco from a strong sell rating to a hold rating in a research report on Thursday, January 4th. ValuEngine raised shares of Genesco from a hold rating to a buy rating in a research report on Monday, October 2nd. Robert W. Baird reaffirmed a hold rating and set a $35.00 price target on shares of Genesco in a research report on Wednesday, January 3rd. Finally, TheStreet lowered shares of Genesco from a c- rating to a d rating in a research report on Friday, December 1st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $34.25.
Genesco (NYSE:GCO) traded up $0.20 during midday trading on Tuesday, hitting $35.30. 489,673 shares of the stock traded hands, compared to its average volume of 474,670. Genesco has a 12-month low of $20.90 and a 12-month high of $65.70. The stock has a market cap of $698.95, a price-to-earnings ratio of -5.58, a P/E/G ratio of 1.20 and a beta of 1.37. The company has a quick ratio of 0.47, a current ratio of 2.31 and a debt-to-equity ratio of 0.29.
Several large investors have recently made changes to their positions in GCO. Citadel Advisors LLC grew its stake in shares of Genesco by 369.8% during the 2nd quarter. Citadel Advisors LLC now owns 353,341 shares of the company’s stock valued at $11,978,000 after acquiring an additional 278,134 shares during the period. Northern Trust Corp boosted its stake in Genesco by 47.5% in the 2nd quarter. Northern Trust Corp now owns 586,814 shares of the company’s stock worth $19,893,000 after purchasing an additional 188,906 shares during the period. JPMorgan Chase & Co. boosted its stake in Genesco by 635.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 190,388 shares of the company’s stock worth $5,026,000 after purchasing an additional 164,485 shares during the period. Russell Investments Group Ltd. boosted its stake in Genesco by 373.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 188,169 shares of the company’s stock worth $5,004,000 after purchasing an additional 148,403 shares during the period. Finally, Prudential Financial Inc. boosted its stake in Genesco by 38.7% in the 3rd quarter. Prudential Financial Inc. now owns 332,807 shares of the company’s stock worth $8,852,000 after purchasing an additional 92,940 shares during the period. Institutional investors own 97.65% of the company’s stock.
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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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