Genesco Inc. (NYSE:GCO) has been assigned a consensus rating of “Hold” from the twelve analysts that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $33.71.

Several brokerages recently issued reports on GCO. Buckingham Research upped their price objective on shares of Genesco from $23.00 to $30.00 and gave the company a “neutral” rating in a research note on Monday. Zacks Investment Research raised shares of Genesco from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 14th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $39.00 price objective on shares of Genesco in a research note on Wednesday, November 1st. SunTrust Banks, Inc. set a $33.00 price objective on shares of Genesco and gave the company a “buy” rating in a research note on Monday, October 16th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $27.00 price target on shares of Genesco in a research note on Thursday, October 12th.

In related news, Chairman Robert J. Dennis acquired 25,000 shares of the stock in a transaction that occurred on Wednesday, September 6th. The stock was purchased at an average price of $23.81 per share, with a total value of $595,250.00. Following the transaction, the chairman now owns 224,935 shares of the company’s stock, valued at approximately $5,355,702.35. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Mimi Eckel Vaughn acquired 10,000 shares of the stock in a transaction that occurred on Wednesday, September 6th. The shares were bought at an average cost of $24.16 per share, with a total value of $241,600.00. Following the transaction, the senior vice president now directly owns 87,140 shares in the company, valued at approximately $2,105,302.40. The disclosure for this purchase can be found here. Corporate insiders own 3.30% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. Capstone Asset Management Co. boosted its position in shares of Genesco by 1.7% during the 2nd quarter. Capstone Asset Management Co. now owns 8,180 shares of the company’s stock worth $277,000 after purchasing an additional 140 shares during the period. Public Employees Retirement System of Ohio boosted its position in shares of Genesco by 8.5% during the 1st quarter. Public Employees Retirement System of Ohio now owns 3,660 shares of the company’s stock worth $203,000 after purchasing an additional 287 shares during the period. Thrivent Financial For Lutherans boosted its position in shares of Genesco by 4.5% during the 2nd quarter. Thrivent Financial For Lutherans now owns 11,810 shares of the company’s stock worth $400,000 after purchasing an additional 510 shares during the period. Citigroup Inc. boosted its position in shares of Genesco by 2.2% during the 2nd quarter. Citigroup Inc. now owns 23,967 shares of the company’s stock worth $813,000 after purchasing an additional 525 shares during the period. Finally, NN Investment Partners Holdings N.V. boosted its position in shares of Genesco by 8.2% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 8,110 shares of the company’s stock worth $275,000 after purchasing an additional 615 shares during the period. 93.88% of the stock is owned by hedge funds and other institutional investors.

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Genesco (GCO) opened at $29.85 on Tuesday. Genesco has a 1 year low of $20.90 and a 1 year high of $72.00. The firm has a market cap of $589.60, a PE ratio of 8.73, a P/E/G ratio of 0.90 and a beta of 1.27. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.47 and a current ratio of 2.38.

Genesco (NYSE:GCO) last announced its quarterly earnings data on Thursday, August 31st. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.04). Genesco had a net margin of 2.43% and a return on equity of 7.36%. The business had revenue of $616.50 million for the quarter, compared to analysts’ expectations of $626.93 million. During the same period in the prior year, the company posted $0.34 EPS. The firm’s revenue was down 1.5% on a year-over-year basis. analysts forecast that Genesco will post 3.45 earnings per share for the current year.

About Genesco

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.

Analyst Recommendations for Genesco (NYSE:GCO)

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