Genesco (NYSE:GCO) has been given a $42.00 target price by equities researchers at Jefferies Group in a research report issued to clients and investors on Thursday. The brokerage currently has a “buy” rating on the stock. Jefferies Group’s price target suggests a potential upside of 15.38% from the company’s current price.

A number of other analysts have also commented on the company. Susquehanna Bancshares reissued a “hold” rating and issued a $31.00 target price on shares of Genesco in a report on Tuesday. SunTrust Banks lifted their target price on Genesco to $39.00 and gave the stock a “buy” rating in a report on Tuesday, January 9th. Zacks Investment Research raised Genesco from a “strong sell” rating to a “hold” rating in a report on Thursday, January 4th. Robert W. Baird reissued a “hold” rating and issued a $35.00 target price on shares of Genesco in a report on Wednesday, January 3rd. Finally, ValuEngine lowered Genesco from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. Genesco presently has an average rating of “Hold” and a consensus price target of $36.25.

Genesco (NYSE GCO) traded up $1.50 during mid-day trading on Thursday, reaching $36.40. The company had a trading volume of 345,090 shares, compared to its average volume of 568,444. Genesco has a one year low of $20.90 and a one year high of $63.50. 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 company has a market cap of $724.84, a price-to-earnings ratio of -5.78, a PEG ratio of 1.21 and a beta of 1.37.

Genesco (NYSE:GCO) last posted its earnings results on Friday, December 1st. The company reported $1.02 EPS for the quarter, missing the Zacks’ consensus estimate of $1.12 by ($0.10). The business had revenue of $716.80 million during the quarter, compared to the consensus estimate of $706.58 million. Genesco had a positive return on equity of 6.93% and a negative net margin of 4.24%. The firm’s revenue for the quarter was up .8% on a year-over-year basis. During the same period in the previous year, the business posted $1.28 EPS. equities research analysts predict that Genesco will post 3.07 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in GCO. Tower Research Capital LLC TRC purchased a new position in shares of Genesco in the 2nd quarter worth $144,000. Public Employees Retirement System of Ohio boosted its stake in shares of Genesco by 16.9% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 4,278 shares of the company’s stock worth $145,000 after buying an additional 618 shares during the last quarter. Pinnacle Financial Partners Inc. purchased a new position in shares of Genesco in the 3rd quarter worth $226,000. Crossmark Global Holdings Inc. purchased a new position in shares of Genesco in the 3rd quarter worth $240,000. Finally, Municipal Employees Retirement System of Michigan boosted its stake in shares of Genesco by 32.6% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 10,780 shares of the company’s stock worth $287,000 after buying an additional 2,650 shares during the last quarter. Hedge funds and other institutional investors own 97.65% of the company’s stock.

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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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