Genesco (NYSE:GCO) received a $40.00 price objective from Piper Jaffray Companies in a note issued to investors on Wednesday. The firm currently has a “buy” rating on the stock. Piper Jaffray Companies’ price target points to a potential upside of 4.30% from the company’s previous close.
Other analysts have also issued research reports about the company. Susquehanna Bancshares restated a “hold” rating and set a $31.00 target price on shares of Genesco in a report on Tuesday, January 16th. Zacks Investment Research upgraded Genesco from a “strong sell” rating to a “hold” rating in a report on Thursday, January 4th. ValuEngine lowered Genesco from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Robert W. Baird restated a “hold” rating and set a $35.00 target price on shares of Genesco in a report on Wednesday, January 3rd. Finally, SunTrust Banks upped their target price on Genesco to $39.00 and gave the stock a “buy” rating in a report on Tuesday, January 9th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $37.90.
Shares of Genesco (NYSE GCO) traded up $3.95 during midday trading on Wednesday, hitting $38.35. The company had a trading volume of 424,986 shares, compared to its average volume of 436,882. 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 stock has a market capitalization of $692.98, a price-to-earnings ratio of -6.03, a price-to-earnings-growth ratio of 1.13 and a beta of 1.32. Genesco has a 12-month low of $20.90 and a 12-month high of $63.50.
Institutional investors and hedge funds have recently modified their holdings of the company. Public Employees Retirement System of Ohio lifted its holdings in shares of 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. Teacher Retirement System of Texas purchased a new stake in shares of Genesco during the 4th quarter valued at $216,000. Pinnacle Financial Partners Inc. purchased a new stake in shares of Genesco during the 3rd quarter valued at $226,000. Crossmark Global Holdings Inc. purchased a new stake in shares of Genesco during the 3rd quarter valued at $240,000. Finally, Municipal Employees Retirement System of Michigan lifted its holdings in shares of Genesco by 32.6% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 10,780 shares of the company’s stock valued at $287,000 after purchasing an additional 2,650 shares during the last quarter. Hedge funds and other institutional investors own 98.38% of the company’s stock.
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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.
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