A number of other research analysts have also recently commented on the company. Piper Jaffray Companies set a $40.00 target price on Genesco and gave the company a buy rating in a research note on Wednesday, February 14th. SunTrust Banks reaffirmed a buy rating and set a $41.00 target price on shares of Genesco in a research note on Friday, February 2nd. Zacks Investment Research raised Genesco from a sell rating to a hold rating and set a $38.00 target price on the stock in a research note on Wednesday, January 31st. Pivotal Research set a $44.00 target price on Genesco and gave the company a buy rating in a research note on Wednesday, January 31st. Finally, Susquehanna Bancshares reaffirmed a hold rating and set a $31.00 target price on shares of Genesco in a research note on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $38.20.
Genesco (GCO) opened at $39.30 on Monday. The company has a market capitalization of $790.55, a P/E ratio of -6.21, a PEG ratio of 1.22 and a beta of 1.32. Genesco has a 52 week low of $20.90 and a 52 week high of $63.50. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.47 and a current ratio of 2.31.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its holdings in shares of Genesco by 4.2% in the fourth quarter. BlackRock Inc. now owns 2,534,649 shares of the company’s stock valued at $82,376,000 after purchasing an additional 102,787 shares during the period. Carillon Tower Advisers Inc. purchased a new stake in shares of Genesco in the fourth quarter valued at approximately $42,811,000. Fuller & Thaler Asset Management Inc. boosted its holdings in shares of Genesco by 0.4% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 909,846 shares of the company’s stock valued at $24,202,000 after purchasing an additional 3,578 shares during the period. Legion Partners Asset Management LLC purchased a new stake in shares of Genesco in the fourth quarter valued at approximately $26,777,000. Finally, State Street Corp boosted its holdings in shares of Genesco by 12.4% in the second quarter. State Street Corp now owns 648,235 shares of the company’s stock valued at $21,977,000 after purchasing an additional 71,541 shares during the period. Hedge funds and other institutional investors own 99.24% of the company’s stock.
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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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