Genesco (GCO) PT Set at $42.00 by Jefferies Group
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.
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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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.
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