Genesco (NYSE:GCO) has been assigned a $40.00 target price by equities research analysts at Piper Jaffray Companies in a research report issued to clients and investors on Wednesday. The firm currently has a “buy” rating on the stock. Piper Jaffray Companies’ target price would suggest a potential upside of 4.30% from the company’s current price.

Several other equities analysts also recently issued reports on GCO. Zacks Investment Research raised Genesco from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 14th. Buckingham Research upped their target price on Genesco from $23.00 to $30.00 and gave the company a “neutral” rating in a research report on Monday, November 20th. Susquehanna Bancshares reissued a “hold” rating and issued a $30.00 target price on shares of Genesco in a research report on Tuesday, November 28th. TheStreet downgraded Genesco from a “c-” rating to a “d” rating in a research report on Friday, December 1st. Finally, ValuEngine downgraded Genesco from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $37.90.

Genesco (NYSE GCO) traded up $3.95 during midday trading on Wednesday, hitting $38.35. The company had a trading volume of 424,986 shares, compared to its average volume of 436,882. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.47 and a current ratio of 2.31. Genesco has a 52-week low of $20.90 and a 52-week high of $63.50. The firm has a market cap of $692.98, a P/E ratio of -6.03, a price-to-earnings-growth ratio of 1.13 and a beta of 1.32.

Genesco (NYSE:GCO) last released its earnings results on Friday, December 1st. The company reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.12 by ($0.10). Genesco had a negative net margin of 4.24% and a positive return on equity of 6.93%. The firm had revenue of $716.80 million during the quarter, compared to analyst estimates of $706.58 million. During the same period in the previous year, the company earned $1.28 earnings per share. Genesco’s revenue was up .8% on a year-over-year basis. sell-side analysts predict that Genesco will post 3.07 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Thrivent Financial For Lutherans grew its position in Genesco by 4.5% during the 2nd quarter. Thrivent Financial For Lutherans now owns 11,810 shares of the company’s stock worth $400,000 after purchasing an additional 510 shares during the period. Public Employees Retirement System of Ohio grew its position in Genesco by 16.9% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 4,278 shares of the company’s stock worth $145,000 after purchasing an additional 618 shares during the period. Crossmark Global Holdings Inc. grew its position in Genesco by 27.7% during the 4th quarter. Crossmark Global Holdings Inc. now owns 11,530 shares of the company’s stock worth $375,000 after purchasing an additional 2,500 shares during the period. Municipal Employees Retirement System of Michigan grew its position in Genesco by 32.6% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 10,780 shares of the company’s stock worth $287,000 after purchasing an additional 2,650 shares during the period. Finally, Palisade Capital Management LLC NJ grew its position in Genesco by 1.9% during the 3rd quarter. Palisade Capital Management LLC NJ now owns 147,118 shares of the company’s stock worth $3,913,000 after purchasing an additional 2,715 shares during the period. 98.38% of the stock is currently owned by institutional investors.

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About Genesco

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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