A number of other research analysts also recently weighed in on GCO. Zacks Investment Research downgraded Genesco from a “buy” rating to a “hold” rating in a research note on Tuesday, May 10th. StockNews.com began coverage on Genesco in a research note on Thursday, March 31st. They issued a “buy” rating on the stock. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $71.33.
Shares of Genesco stock opened at $59.09 on Thursday. The firm has a market cap of $806.99 million, a price-to-earnings ratio of 7.38 and a beta of 1.91. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.64 and a quick ratio of 1.00. Genesco has a 52-week low of $50.01 and a 52-week high of $73.72. The stock has a 50-day simple moving average of $63.49 and a 200-day simple moving average of $64.32.
Hedge funds and other institutional investors have recently modified their holdings of the business. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Genesco during the fourth quarter valued at approximately $27,000. Lazard Asset Management LLC bought a new stake in shares of Genesco during the fourth quarter valued at approximately $32,000. Counterpoint Mutual Funds LLC acquired a new stake in Genesco in the 1st quarter valued at $63,000. Captrust Financial Advisors boosted its stake in Genesco by 45.2% in the 1st quarter. Captrust Financial Advisors now owns 1,227 shares of the company’s stock valued at $78,000 after buying an additional 382 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Genesco by 59.8% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,402 shares of the company’s stock valued at $153,000 after buying an additional 899 shares in the last quarter. 93.60% of the stock is currently owned by institutional investors.
About Genesco (Get Rating)
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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