Genesco (NYSE:GCO)‘s stock had its “hold” rating restated by equities research analysts at Susquehanna Bancshares in a report released on Tuesday. They presently have a $30.00 price target on the stock. Susquehanna Bancshares’ price target indicates a potential downside of 4.00% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the stock. BidaskClub raised shares of Genesco from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Jefferies Group reissued a “hold” rating and set a $27.00 target price on shares of Genesco in a report on Thursday, October 12th. UBS cut shares of Genesco from a “positive” rating to a “neutral” rating in a report on Monday, August 28th. Zacks Investment Research cut shares of Genesco from a “hold” rating to a “sell” rating in a report on Wednesday, August 23rd. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $39.00 target price on shares of Genesco in a report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $33.29.

Shares of Genesco (NYSE:GCO) opened at $31.25 on Tuesday. The company has a quick ratio of 0.47, a current ratio of 2.38 and a debt-to-equity ratio of 0.21. The company has a market cap of $611.51, a P/E ratio of 9.06, a P/E/G ratio of 0.94 and a beta of 1.27. Genesco has a 1-year low of $20.90 and a 1-year high of $72.00.

Genesco (NYSE:GCO) last posted its quarterly earnings results on Thursday, August 31st. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.04). The company had revenue of $616.50 million during the quarter, compared to the consensus estimate of $626.93 million. Genesco had a return on equity of 7.36% and a net margin of 2.43%. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period last year, the firm posted $0.34 EPS. analysts expect that Genesco will post 3.42 earnings per share for the current fiscal year.

In other news, Chairman Robert J. Dennis purchased 25,000 shares of Genesco stock in a transaction dated Wednesday, September 6th. The stock was purchased at an average cost of $23.81 per share, for a total transaction of $595,250.00. Following the transaction, the chairman now directly owns 224,935 shares of the company’s stock, valued at $5,355,702.35. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Mimi Eckel Vaughn purchased 10,000 shares of Genesco stock in a transaction dated Wednesday, September 6th. The shares were purchased at an average price of $24.16 per share, with a total value of $241,600.00. Following the completion of the transaction, the senior vice president now directly owns 87,140 shares in the company, valued at $2,105,302.40. The disclosure for this purchase can be found here. 3.30% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in GCO. Teachers Advisors LLC grew its position in shares of Genesco by 3.3% during the 1st quarter. Teachers Advisors LLC now owns 36,065 shares of the company’s stock valued at $2,000,000 after purchasing an additional 1,140 shares in the last quarter. State Street Corp grew its position in Genesco by 4.1% in the first quarter. State Street Corp now owns 576,694 shares of the company’s stock worth $31,978,000 after acquiring an additional 22,664 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in Genesco by 8.5% in the first quarter. Public Employees Retirement System of Ohio now owns 3,660 shares of the company’s stock worth $203,000 after acquiring an additional 287 shares in the last quarter. Capstone Asset Management Co. grew its position in Genesco by 1.7% in the second quarter. Capstone Asset Management Co. now owns 8,180 shares of the company’s stock worth $277,000 after acquiring an additional 140 shares in the last quarter. Finally, Bank of Montreal Can grew its position in Genesco by 404.7% in the second quarter. Bank of Montreal Can now owns 159,899 shares of the company’s stock worth $5,420,000 after acquiring an additional 128,220 shares in the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

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Genesco Company Profile

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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