Daily Ratings & News for Genesco
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Pivotal Research Boosts Genesco (NYSE:GCO) Price Target to $57.00
Posted by Faye Duncan on Dec 10th, 2019 // Comments off
Genesco (NYSE:GCO) had its price target lifted by Pivotal Research from $51.00 to $57.00 in a research note issued to investors on Monday, The Fly reports.
Other equities analysts also recently issued research reports about the stock. Robert W. Baird boosted their price target on shares of Genesco from $40.00 to $52.00 and gave the stock a neutral rating in a research note on Monday. Zacks Investment Research cut Genesco from a strong-buy rating to a hold rating in a research note on Monday, November 11th. Finally, Susquehanna Bancshares reissued a buy rating and set a $56.00 target price on shares of Genesco in a research note on Friday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company's stock. Genesco has a consensus rating of Hold and an average price target of $53.00.
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GCO opened at $50.97 on Monday. Genesco has a 52 week low of $31.65 and a 52 week high of $52.52. The company has a quick ratio of 0.28, a current ratio of 1.34 and a debt-to-equity ratio of 1.27. The business has a fifty day simple moving average of $39.68 and a 200-day simple moving average of $39.84. The firm has a market cap of $732.24 million, a P/E ratio of 15.54, a P/E/G ratio of 2.30 and a beta of 0.49.
Genesco (NYSE:GCO) last released its earnings results on Friday, December 6th. The company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.23. The company had revenue of $537.30 million during the quarter, compared to the consensus estimate of $540.64 million. Genesco had a positive return on equity of 10.97% and a negative net margin of 1.74%. Genesco's revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.95 EPS. Sell-side analysts expect that Genesco will post 4.25 earnings per share for the current year.
Large investors have recently made changes to their positions in the business. Parallel Advisors LLC boosted its holdings in Genesco by 837.9% in the third quarter. Parallel Advisors LLC now owns 619 shares of the company's stock valued at $25,000 after purchasing an additional 553 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new position in Genesco during the second quarter worth $112,000. Panagora Asset Management Inc. purchased a new stake in Genesco during the 2nd quarter worth about $126,000. Quantamental Technologies LLC acquired a new position in Genesco in the 2nd quarter valued at about $128,000. Finally, Tower Research Capital LLC TRC purchased a new stake in shares of Genesco during the third quarter worth about $127,000.
About Genesco
Genesco Inc operates as a retailer and wholesaler of footwear, apparel, and accessories. The company operates through four segments: Journeys Group, Schuh Group, Johnston & Murphy Group, and Licensed Brands. The Journeys Group segment offers footwear and accessories through the Journeys, Journeys Kidz, and Little Burgundy retail chains, as well as through e-commerce and catalogs for young men, women, and children.
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