Genesco Inc. (NYSE:GCO) reached 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 traded. The stock had previously closed at $72.64.

Several equities research analysts have recently issued reports on GCO shares. Zacks Investment Research raised shares of Genesco from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a research report on Wednesday, June 29th. Morgan Stanley downgraded shares of Genesco from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $79.00 to $74.00 in a research note on Wednesday, July 20th. Jefferies Group restated a “hold” rating on shares of Genesco in a research note on Sunday, May 29th. Piper Jaffray Cos. restated a “hold” rating and issued a $62.00 target price on shares of Genesco in a research note on Wednesday, June 15th. Finally, B. Riley restated a “neutral” rating and issued a $68.00 target price on shares of Genesco in a research note on Thursday, June 2nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $68.00.

The company’s 50-day moving average price is $68.68 and its 200-day moving average price is $67.03. The company has a market cap of $1.02 billion and a PE ratio of 11.51.

Genesco (NYSE:GCO) last issued its quarterly earnings data on Thursday, September 1st. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.07. The business had revenue of $625.60 million for the quarter. During the same quarter in the previous year, the firm posted $0.36 earnings per share. The business’s quarterly revenue was down 4.6% on a year-over-year basis. Analysts predict that Genesco Inc. will post $4.91 earnings per share for the current fiscal year.

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