Shares of Genesco Inc. (NYSE:GCO) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $49.55 and last traded at $49.93, with a volume of 2,582,109 shares trading hands. The stock had previously closed at $72.64.

A number of analysts recently weighed in on GCO shares. B. Riley reaffirmed a “neutral” rating and set a $75.00 price target on shares of Genesco in a research report on Tuesday. Piper Jaffray Cos. reaffirmed a “neutral” rating on shares of Genesco in a research report on Thursday. Zacks Investment Research raised shares of Genesco from a “sell” rating to a “hold” rating in a research report on Tuesday, August 9th. Morgan Stanley cut shares of Genesco from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $79.00 to $74.00 in a research report on Wednesday, July 20th. Finally, Jefferies Group reaffirmed a “hold” rating on shares of Genesco in a research report on Sunday, May 29th. Seven equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $71.38.

The stock’s 50 day moving average price is $69.63 and its 200 day moving average price is $67.29. The company has a market cap of $1.04 billion and a price-to-earnings ratio of 11.71.

Genesco (NYSE:GCO) last released its earnings results on Thursday, September 1st. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.07. During the same quarter in the previous year, the company earned $0.36 EPS. The company earned $625.60 million during the quarter, compared to analysts’ expectations of $642.38 million. The firm’s quarterly revenue was down 4.6% compared to the same quarter last year. Equities research analysts forecast that Genesco Inc. will post $4.91 earnings per share for the current year.

In other Genesco news, CFO Mimi Eckel Vaughn sold 4,000 shares of the stock in a transaction that occurred on Monday, June 20th. The shares were sold at an average price of $66.10, for a total value of $264,400.00. Following the completion of the sale, the chief financial officer now owns 59,506 shares in the company, valued at approximately $3,933,346.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Robert J. Dennis sold 16,685 shares of the stock in a transaction that occurred on Thursday, June 9th. The stock was sold at an average price of $65.09, for a total transaction of $1,086,026.65. Following the completion of the sale, the chief executive officer now owns 168,601 shares of the company’s stock, valued at approximately $10,974,239.09. The disclosure for this sale can be found here.

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. Its Journeys Group segment includes Journeys, Journeys Kidz, Shi by Journeys, Little Burgundy and Underground by Journeys retail stores, catalog and e-commerce operations.

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