Genesco (GCO) PT Set at $42.00 by Jefferies Group

Genesco (NYSE:GCO) has been assigned a $42.00 target price by investment analysts at Jefferies Group in a report released on Thursday. The firm currently has a “buy” rating on the stock. Jefferies Group’s target price points to a potential upside of 15.38% from the stock’s previous close.

Several other analysts also recently weighed in on the company. Piper Jaffray Companies restated a “buy” rating and set a $39.00 target price on shares of Genesco in a research note on Wednesday, November 1st. Zacks Investment Research upgraded Genesco from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 14th. TheStreet downgraded Genesco from a “c-” rating to a “d” rating in a research note on Friday, December 1st. Susquehanna Bancshares restated a “hold” rating and set a $30.00 target price on shares of Genesco in a research note on Tuesday, November 28th. Finally, Buckingham Research upped their price target on Genesco from $23.00 to $30.00 and gave the company a “neutral” rating in a report on Monday, November 20th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $36.25.

Shares of Genesco (NYSE:GCO) opened at $36.40 on Thursday. Genesco has a 52 week low of $20.90 and a 52 week high of $63.50. The firm has a market capitalization of $724.84, a P/E ratio of -5.78, a P/E/G ratio of 1.21 and a beta of 1.37. 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 (NYSE:GCO) last announced its earnings results on Friday, December 1st. The company reported $1.02 earnings per share 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 business had revenue of $716.80 million for the quarter, compared to the consensus estimate of $706.58 million. During the same quarter in the previous year, the company earned $1.28 EPS. Genesco’s revenue for the quarter was up .8% compared to the same quarter last year. equities analysts forecast that Genesco will post 3.07 earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of the business. Fuller & Thaler Asset Management Inc. raised its holdings in Genesco by 0.4% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 909,846 shares of the company’s stock valued at $24,202,000 after acquiring an additional 3,578 shares in the last quarter. State Street Corp raised its holdings in Genesco by 12.4% in the 2nd quarter. State Street Corp now owns 648,235 shares of the company’s stock valued at $21,977,000 after acquiring an additional 71,541 shares in the last quarter. Northern Trust Corp raised its holdings in Genesco by 47.5% in the 2nd quarter. Northern Trust Corp now owns 586,814 shares of the company’s stock valued at $19,893,000 after acquiring an additional 188,906 shares in the last quarter. Smith Graham & Co. Investment Advisors LP raised its holdings in Genesco by 25.4% in the 3rd quarter. Smith Graham & Co. Investment Advisors LP now owns 390,516 shares of the company’s stock valued at $10,388,000 after acquiring an additional 79,120 shares in the last quarter. Finally, Citadel Advisors LLC raised its holdings in Genesco by 369.8% in the 2nd quarter. Citadel Advisors LLC now owns 353,341 shares of the company’s stock valued at $11,978,000 after acquiring an additional 278,134 shares in the last quarter. 97.65% of the stock is owned by hedge funds and other 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.

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