Genesco Inc. (GCO) Stock Price Up 1.4%
Genesco Inc. (NYSE:GCO) rose 1.4% on Friday . The stock traded as high as $49.35 and last traded at $48.79, with a volume of 188,034 shares. The stock had previously closed at $48.10.
GCO has been the subject of several recent research reports. Zacks Investment Research raised Genesco from a “sell” rating to a “hold” rating in a report on Monday, May 16th. B. Riley reaffirmed a “neutral” rating and set a $68.00 price target on shares of Genesco in a report on Monday, May 23rd. Piper Jaffray Cos. downgraded Genesco from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $70.00 to $61.00 in a report on Tuesday, May 24th. Robert W. Baird raised Genesco from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $68.00 to $80.00 in a report on Thursday, May 26th. Finally, Jefferies Group reaffirmed a “hold” rating on shares of Genesco in a report on Sunday, May 29th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $65.63.
The stock has a 50-day moving average of $67.67 and a 200-day moving average of $66.82. The stock has a market capitalization of $987.08 million, a price-to-earnings ratio of 10.25 and a beta of 1.10.
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Genesco (NYSE:GCO) last issued its quarterly earnings results on Thursday, September 1st. The company reported $0.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.07. Genesco had a return on equity of 10.65% and a net margin of 3.49%. The business earned $625.60 million during the quarter. During the same quarter last year, the firm posted $0.36 earnings per share. Genesco’s revenue was down 4.6% compared to the same quarter last year. On average, analysts forecast that Genesco Inc. will post $4.01 earnings per share for the current fiscal year.
In other news, CFO Mimi Eckel Vaughn sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, June 20th. The stock was sold at an average price of $66.10, for a total value of $264,400.00. Following the completion of the sale, the chief financial officer now directly owns 59,506 shares in the company, valued at approximately $3,933,346.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.00% of the stock is owned by insiders.
Genesco Company Profile
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.
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