Share on StockTwits

Genesco (NYSE:GCO) shares hit a new 52-week high on Monday , Stock Ratings Network reports. The company traded as high as $81.95 and last traded at $81.83, with a volume of 128,140 shares trading hands. The stock had previously closed at $81.72.

GCO has been the subject of a number of recent research reports. Analysts at Buckingham Research initiated coverage on shares of Genesco in a research note on Wednesday, June 25th. They set a “neutral” rating and a $84.00 price target on the stock. Separately, analysts at Goldman Sachs cut their price target on shares of Genesco from $62.00 to $61.00 in a research note on Thursday, May 29th. Finally, analysts at Sterne Agee upgraded shares of Genesco from a “neutral” rating to a “buy” rating in a research note on Friday, April 4th. They now have a $85.00 price target on the stock, up previously from $74.00. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $77.20.

The stock’s 50-day moving average is $76.59 and its 200-day moving average is $74.22. The company has a market cap of $1.970 billion and a P/E ratio of 20.87.

Genesco (NYSE:GCO) last released its earnings data on Friday, May 30th. The company reported $0.81 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.91 by $0.10. The company had revenue of $628.80 million for the quarter, compared to the consensus estimate of $618.92 million. During the same quarter in the prior year, the company posted $0.94 earnings per share. The company’s quarterly revenue was up 6.3% on a year-over-year basis. On average, analysts predict that Genesco will post $5.45 earnings per share for the current fiscal year.

In other Genesco news, SVP Kenneth Kocher sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $80.83, for a total value of $808,300.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Genesco Inc is a retailer and wholesaler of footwear, apparel and accessories. The Company operates in six segments: Journeys Group, Underground Station Group, Schuh Group, Lids Sports Group, Johnston & Murphy Group and Licensed Brands.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.