Genesco Inc. (NYSE:GCO) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Genesco Inc. (NYSE:GCOGet Rating) have earned a consensus rating of “Moderate Buy” from the five ratings firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $69.50.

Separately, TheStreet lowered Genesco from a “b” rating to a “c+” rating in a report on Thursday, May 26th.

Genesco Trading Up 0.2 %

Shares of GCO opened at $58.85 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.70 and a current ratio of 1.56. Genesco has a fifty-two week low of $48.54 and a fifty-two week high of $73.72. The stock has a market capitalization of $807.95 million, a PE ratio of 7.56 and a beta of 1.87. The company’s fifty day moving average is $54.95 and its 200 day moving average is $61.06.

Genesco (NYSE:GCOGet Rating) last released its quarterly earnings results on Thursday, May 26th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of ($0.09) by $0.53. The business had revenue of $520.80 million during the quarter, compared to analyst estimates of $521.05 million. Genesco had a net margin of 4.61% and a return on equity of 17.62%. The company’s quarterly revenue was down 3.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.79 earnings per share. Sell-side analysts expect that Genesco will post 7.41 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of GCO. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Genesco during the 4th quarter valued at $27,000. Lazard Asset Management LLC purchased a new position in shares of Genesco during the fourth quarter valued at $32,000. First Horizon Advisors Inc. purchased a new position in shares of Genesco during the second quarter valued at $49,000. KBC Group NV acquired a new stake in Genesco during the second quarter valued at $59,000. Finally, Counterpoint Mutual Funds LLC acquired a new stake in Genesco during the first quarter valued at $63,000. Institutional investors own 93.60% of the company’s stock.

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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