Genesco Inc. (NYSE:GCO) has been given an average rating of “Hold” by the fourteen brokerages that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $37.40.
A number of equities research analysts have commented on GCO shares. Jefferies Group reiterated a “hold” rating and issued a $27.00 price target on shares of Genesco in a research note on Thursday, October 12th. SunTrust Banks set a $33.00 price objective on Genesco and gave the company a “buy” rating in a report on Monday, October 16th. Piper Jaffray Companies reissued a “buy” rating and issued a $39.00 price objective on shares of Genesco in a report on Wednesday, November 1st. Zacks Investment Research raised Genesco from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 14th. Finally, Buckingham Research increased their price objective on Genesco from $23.00 to $30.00 and gave the company a “neutral” rating in a report on Monday, November 20th.
Genesco (NYSE GCO) traded up $0.60 during trading on Friday, reaching $34.75. The company’s stock had a trading volume of 341,571 shares, compared to its average volume of 458,388. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.47 and a current ratio of 2.31. Genesco has a 52 week low of $20.90 and a 52 week high of $63.50. The stock has a market capitalization of $711.90, a PE ratio of -5.49, a PEG ratio of 1.16 and a beta of 1.32.
Several hedge funds have recently made changes to their positions in GCO. Tower Research Capital LLC TRC acquired a new position in shares of Genesco in the second quarter valued at about $144,000. Public Employees Retirement System of Ohio grew its holdings in Genesco by 16.9% during the second quarter. Public Employees Retirement System of Ohio now owns 4,278 shares of the company’s stock worth $145,000 after acquiring an additional 618 shares during the period. Teacher Retirement System of Texas acquired a new stake in Genesco during the fourth quarter worth about $216,000. Pinnacle Financial Partners Inc. acquired a new stake in Genesco during the third quarter worth about $226,000. Finally, Crossmark Global Holdings Inc. acquired a new stake in Genesco during the third quarter worth about $240,000. 97.99% of the stock is currently owned by institutional investors and hedge funds.
COPYRIGHT VIOLATION NOTICE: This report was first published by Community Financial News and is the property of of Community Financial News. If you are accessing this report on another site, it was illegally copied and reposted in violation of United States & international copyright & trademark legislation. The correct version of this report can be read at https://www.com-unik.info/2018/02/09/genesco-inc-gco-given-consensus-recommendation-of-hold-by-brokerages.html.
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.
Receive News & Ratings for Genesco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genesco and related companies with MarketBeat.com's FREE daily email newsletter.