Genesco (NYSE:GCO) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday, March 7th.
Several other equities research analysts have also recently weighed in on GCO. Zacks Investment Research upgraded Genesco from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 14th. Buckingham Research upped their target price on Genesco from $23.00 to $30.00 and gave the stock a “neutral” rating in a report on Monday, November 20th. Susquehanna Bancshares reiterated a “hold” rating and issued a $30.00 target price on shares of Genesco in a report on Tuesday, November 28th. Piper Jaffray Companies set a $35.00 target price on Genesco and gave the stock a “buy” rating in a report on Wednesday, November 29th. Finally, TheStreet cut Genesco from a “c-” rating to a “d” rating in a report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. Genesco currently has a consensus rating of “Hold” and a consensus target price of $38.40.
Genesco (NYSE:GCO) traded down $0.65 on Wednesday, reaching $39.85. The company had a trading volume of 136,729 shares, compared to its average volume of 407,276. Genesco has a one year low of $20.90 and a one year high of $59.75. The company has a current ratio of 2.31, a quick ratio of 0.47 and a debt-to-equity ratio of 0.29. The stock has a market cap of $802.50, a PE ratio of -6.40, a P/E/G ratio of 1.21 and a beta of 1.11.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio lifted its stake 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 worth $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 worth $216,000. Wolverine Trading LLC lifted its stake in shares of Genesco by 113.1% during the 4th quarter. Wolverine Trading LLC now owns 7,883 shares of the company’s stock worth $256,000 after purchasing an additional 4,183 shares during the last quarter. Pinnacle Financial Partners Inc. purchased a new stake in shares of Genesco during the 3rd quarter worth $226,000. Finally, MetLife Investment Advisors LLC purchased a new stake in shares of Genesco during the 4th quarter worth $282,000. Hedge funds and other institutional investors own 99.24% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “Genesco (NYSE:GCO) Rating Lowered to Hold at ValuEngine” was first published by Week Herald and is the property of of Week Herald. If you are viewing this piece on another domain, it was stolen and reposted in violation of United States & international copyright and trademark legislation. The original version of this piece can be accessed at https://weekherald.com/2018/03/15/valuengine-lowers-genesco-gco-to-hold.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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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.