Pivotal Research upgraded shares of Genesco (NYSE:GCO) from a hold rating to a buy rating in a report released on Monday morning, BenzingaRatingsTable reports. The brokerage currently has $48.00 price objective on the stock, up from their previous price objective of $40.00.

Several other equities research analysts have also recently commented on the stock. TheStreet cut shares of Genesco from a b rating to a c+ rating in a research report on Wednesday, June 5th. ValuEngine cut shares of Genesco from a hold rating to a sell rating in a research report on Friday, July 19th. Zacks Investment Research cut shares of Genesco from a strong-buy rating to a hold rating in a research report on Wednesday, July 31st. Finally, Susquehanna Bancshares set a $48.00 price target on shares of Genesco and gave the stock a buy rating in a research report on Friday, September 6th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $46.00.

Shares of Genesco stock opened at $43.17 on Monday. The company has a current ratio of 1.43, a quick ratio of 0.32 and a debt-to-equity ratio of 1.25. The company’s 50-day moving average price is $36.45 and its two-hundred day moving average price is $42.12. Genesco has a 52 week low of $31.65 and a 52 week high of $50.73. The stock has a market cap of $713.77 million, a PE ratio of 13.16, a price-to-earnings-growth ratio of 2.04 and a beta of 0.53.

Genesco (NYSE:GCO) last issued its quarterly earnings results on Friday, September 6th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.18. Genesco had a negative net margin of 1.80% and a positive return on equity of 9.83%. The firm had revenue of $486.57 million for the quarter, compared to analysts’ expectations of $491.65 million. During the same period in the previous year, the business earned $0.04 earnings per share. Genesco’s revenue for the quarter was down .1% compared to the same quarter last year. On average, equities analysts predict that Genesco will post 4.01 EPS for the current fiscal year.

In other Genesco news, Director Thurgood Marshall, Jr. sold 1,690 shares of the business’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $44.57, for a total transaction of $75,323.30. Following the sale, the director now owns 9,724 shares in the company, valued at approximately $433,398.68. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Mario Gallione sold 2,049 shares of the business’s stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $40.31, for a total value of $82,595.19. Following the sale, the vice president now owns 36,309 shares in the company, valued at approximately $1,463,615.79. The disclosure for this sale can be found here. 4.40% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. DekaBank Deutsche Girozentrale acquired a new position in shares of Genesco in the 2nd quarter valued at about $112,000. Panagora Asset Management Inc. bought a new stake in shares of Genesco in the 2nd quarter valued at approximately $126,000. Quantamental Technologies LLC bought a new stake in shares of Genesco in the 2nd quarter valued at approximately $128,000. NumerixS Investment Technologies Inc grew its stake in shares of Genesco by 500.0% in the 1st quarter. NumerixS Investment Technologies Inc now owns 3,600 shares of the company’s stock valued at $164,000 after buying an additional 3,000 shares in the last quarter. Finally, Marshall Wace North America L.P. bought a new stake in shares of Genesco in the 2nd quarter valued at approximately $204,000. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Genesco Company Profile

Genesco Inc operates as a retailer and wholesaler of footwear, apparel, and accessories. The company operates through four segments: Journeys Group, Schuh Group, Johnston & Murphy Group, and Licensed Brands. The Journeys Group segment offers footwear and accessories through the Journeys, Journeys Kidz, and Little Burgundy retail chains, as well as through e-commerce and catalogs for young men, women, and children.

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