Today, Genesco Inc. (GCO) Rating Reiterate by B. Riley

Today, Genesco Inc. (GCO) Rating Reiterate by B. Riley

Genesco Inc. (NYSE:GCO)‘s stock had its “neutral” rating restated by equities research analysts at B. Riley in a research report issued on Monday. They presently have a $65.00 price target on the stock. B. Riley’s target price would indicate a potential downside of 1.66% from the company’s current price.

A number of other research analysts have also weighed in on the stock. Susquehanna lowered shares of Genesco from a “positive” rating to a “neutral” rating and set a $62.00 price target on the stock. in a research report on Thursday, November 17th. Piper Jaffray Cos. reissued a “neutral” rating and set a $62.00 price target on shares of Genesco in a research report on Thursday, September 1st. Zacks Investment Research lowered shares of Genesco from a “buy” rating to a “hold” rating in a research report on Tuesday, November 15th. TheStreet lowered shares of Genesco from a “buy” rating to a “hold” rating in a research report on Wednesday, September 14th. Finally, CL King lowered shares of Genesco from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 19th. Ten investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $64.38.

Shares of Genesco (NYSE:GCO) traded down 1.78% on Monday, reaching $66.10. 260,750 shares of the company were exchanged. Genesco has a 12-month low of $47.66 and a 12-month high of $74.21. The company’s 50 day moving average is $58.58 and its 200 day moving average is $61.83. The firm has a market capitalization of $1.36 billion, a PE ratio of 13.86 and a beta of 1.18.

Genesco (NYSE:GCO) last released its quarterly earnings data on Thursday, September 1st. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.07. Genesco had a net margin of 3.49% and a return on equity of 10.65%. The firm had revenue of $625.60 million for the quarter. During the same period last year, the business posted $0.36 earnings per share. The firm’s quarterly revenue was down 4.6% on a year-over-year basis. Analysts forecast that Genesco will post $3.90 earnings per share for the current year.

In other Genesco news, Director Leonard L. Berry bought 2,000 shares of Genesco stock in a transaction dated Friday, September 16th. The stock was purchased at an average price of $51.34 per share, for a total transaction of $102,680.00. Following the completion of the purchase, the director now directly owns 28,277 shares of the company’s stock, valued at $1,451,741.18. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Kevin Patrick Mcdermott bought 1,000 shares of Genesco stock in a transaction dated Tuesday, September 20th. The stock was acquired at an average price of $51.39 per share, with a total value of $51,390.00. Following the purchase, the director now directly owns 2,906 shares of the company’s stock, valued at $149,339.34. The disclosure for this purchase can be found here. 3.00% of the stock is currently owned by insiders.

Institutional investors have recently bought and sold shares of the company. Municipal Employees Retirement System of Michigan raised its position in Genesco by 1.8% in the third quarter. Municipal Employees Retirement System of Michigan now owns 4,640 shares of the company’s stock worth $253,000 after buying an additional 80 shares during the period. State Board of Administration of Florida Retirement System raised its position in Genesco by 1.1% in the second quarter. State Board of Administration of Florida Retirement System now owns 10,058 shares of the company’s stock worth $647,000 after buying an additional 107 shares during the period. BlackRock Inc. raised its position in Genesco by 2.4% in the third quarter. BlackRock Inc. now owns 5,974 shares of the company’s stock worth $325,000 after buying an additional 141 shares during the period. Suntrust Banks Inc. raised its position in Genesco by 3.7% in the second quarter. Suntrust Banks Inc. now owns 4,187 shares of the company’s stock worth $269,000 after buying an additional 151 shares during the period. Finally, Teacher Retirement System of Texas raised its position in Genesco by 6.1% in the second quarter. Teacher Retirement System of Texas now owns 3,113 shares of the company’s stock worth $200,000 after buying an additional 178 shares during the period. Hedge funds and other institutional investors own 96.04% of the company’s stock.

Genesco Company Profile

Related posts

Leave a Comment