Investment Analysts’ Recent Ratings Updates for Genesco (GCO)

Genesco (NYSE: GCO) has recently received a number of price target changes and ratings updates:

  • 3/14/2017 – Genesco was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Genesco Inc., a Nashville-based specialty retailer, sells footwear, headwear and accessories in retail stores in the United States and Canada. The Company sells its products principally under the names Journeys, Journeys Kidz, Shi by Journeys, Johnston & Murphy, Underground Station, Hatworld, Lids, Hat Shack, Hat Zone, Head Quarters and Cap Connection, and on internet websites. The Company also sells footwear at wholesale under its Johnston & Murphy brand and under the licensed Dockers brand. “
  • 3/13/2017 – Genesco had its “neutral” rating reaffirmed by analysts at B. Riley. They now have a $65.00 price target on the stock.
  • 3/11/2017 – Genesco was given a new $63.00 price target on by analysts at Piper Jaffray Companies. They now have a “hold” rating on the stock.
  • 3/6/2017 – Genesco had its “neutral” rating reaffirmed by analysts at B. Riley. They now have a $65.00 price target on the stock.
  • 2/6/2017 – Genesco was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $67.00 price target on the stock. According to Zacks, “Genesco Inc., a Nashville-based specialty retailer, sells footwear, headwear and accessories in retail stores in the United States and Canada. The Company sells its products principally under the names Journeys, Journeys Kidz, Shi by Journeys, Johnston & Murphy, Underground Station, Hatworld, Lids, Hat Shack, Hat Zone, Head Quarters and Cap Connection, and on internet websites. The Company also sells footwear at wholesale under its Johnston & Murphy brand and under the licensed Dockers brand. “
  • 2/6/2017 – Genesco was downgraded by analysts at TheStreet from a “b-” rating to a “c+” rating.
  • 2/2/2017 – Genesco was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Genesco Inc., a Nashville-based specialty retailer, sells footwear, headwear and accessories in retail stores in the United States and Canada. The Company sells its products principally under the names Journeys, Journeys Kidz, Shi by Journeys, Johnston & Murphy, Underground Station, Hatworld, Lids, Hat Shack, Hat Zone, Head Quarters and Cap Connection, and on internet websites. The Company also sells footwear at wholesale under its Johnston & Murphy brand and under the licensed Dockers brand. “
  • 1/31/2017 – Genesco was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $67.00 price target on the stock. According to Zacks, “Genesco Inc., a Nashville-based specialty retailer, sells footwear, headwear and accessories in retail stores in the United States and Canada. The Company sells its products principally under the names Journeys, Journeys Kidz, Shi by Journeys, Johnston & Murphy, Underground Station, Hatworld, Lids, Hat Shack, Hat Zone, Head Quarters and Cap Connection, and on internet websites. The Company also sells footwear at wholesale under its Johnston & Murphy brand and under the licensed Dockers brand. “

Genesco Inc. (NYSE:GCO) traded down 0.68% during trading on Monday, hitting $58.75. 42,454 shares of the stock traded hands. The company’s 50 day moving average is $59.57 and its 200 day moving average is $59.39. Genesco Inc. has a one year low of $47.66 and a one year high of $74.21. The company has a market capitalization of $1.14 billion, a P/E ratio of 12.17 and a beta of 1.28.

Genesco (NYSE:GCO) last announced its quarterly earnings data on Friday, March 10th. The company reported $2.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.78 by $0.37. Genesco had a net margin of 3.34% and a return on equity of 10.10%. The business had revenue of $883 million for the quarter, compared to analyst estimates of $901.35 million. During the same period in the prior year, the business posted $2.11 earnings per share. Genesco’s revenue was down 5.3% compared to the same quarter last year. On average, equities analysts forecast that Genesco Inc. will post $4.47 EPS for the current fiscal year.

In related news, Director Thurgood Marshall, Jr. sold 1,572 shares of the stock in a transaction that occurred on Thursday, December 29th. The shares were sold at an average price of $61.27, for a total value of $96,316.44. Following the transaction, the director now directly owns 9,016 shares in the company, valued at $552,410.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.00% of the company’s stock.

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. Its Journeys Group segment includes Journeys, Journeys Kidz, Shi by Journeys, Little Burgundy and Underground by Journeys retail stores, catalog and e-commerce operations.

5 Day Chart for NYSE:GCO

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