Piper Jaffray Companies set a $41.00 price target on Genesco (NYSE:GCO) in a research note released on Friday morning. The firm currently has a hold rating on the stock. Piper Jaffray Companies also issued estimates for Genesco’s Q4 2019 earnings at $2.18 EPS, FY2019 earnings at $3.10 EPS, Q4 2020 earnings at $2.27 EPS and FY2020 earnings at $3.40 EPS.
A number of other brokerages have also issued reports on GCO. Pivotal Research upgraded shares of Genesco from a hold rating to a buy rating and boosted their price target for the stock from $44.00 to $54.00 in a research note on Thursday, August 30th. Zacks Investment Research lowered shares of Genesco from a buy rating to a hold rating in a research note on Wednesday, November 7th. ValuEngine lowered shares of Genesco from a buy rating to a hold rating in a research note on Wednesday, November 21st. Finally, Macquarie upped their target price on shares of Genesco from $28.00 to $32.00 and gave the stock a hold rating in a research note on Monday, September 10th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. Genesco presently has a consensus rating of Hold and a consensus target price of $41.78.
Shares of NYSE:GCO opened at $43.71 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.53 and a current ratio of 2.43. The stock has a market cap of $843.25 million, a price-to-earnings ratio of 13.92, a price-to-earnings-growth ratio of 1.74 and a beta of 1.03. Genesco has a 1 year low of $25.45 and a 1 year high of $51.85.
Hedge funds have recently bought and sold shares of the company. NumerixS Investment Technologies Inc acquired a new stake in shares of Genesco in the second quarter valued at approximately $106,000. Piedmont Investment Advisors LLC acquired a new stake in shares of Genesco in the second quarter valued at approximately $184,000. Robeco Institutional Asset Management B.V. acquired a new stake in shares of Genesco in the third quarter valued at approximately $222,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Genesco in the third quarter valued at approximately $224,000. Finally, Zeke Capital Advisors LLC acquired a new stake in shares of Genesco in the third quarter valued at approximately $252,000.
Genesco Inc retails and wholesales footwear, apparel, and accessories. The company operates in five segments: Journeys Group, Schuh Group, Lids Sports Group, Johnston & Murphy Group, and Licensed Brands. The Journeys Group segment offers footwear and accessories through the Journeys, Journeys Kidz, Shi by Journeys, and Little Burgundy retail chains, as well as through e-commerce and catalogs for young men, women, and children.
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