The Genesco Inc. (GCO) Stock Rating Reaffirmed by Susquehanna Bancshares Inc

The Genesco Inc. (GCO) Stock Rating Reaffirmed by Susquehanna Bancshares Inc

GCO has been the subject of several other reports. Zacks Investment Research upgraded shares of Genesco from a hold rating to a buy rating and set a $67.00 target price for the company in a research note on Tuesday, January 31st. TheStreet cut shares of Genesco from a b- rating to a c+ rating in a report on Monday, February 6th. Jefferies Group LLC set a $62.00 price target on shares of Genesco and gave the company a hold rating in a report on Thursday, April 20th. Piper Jaffray Companies raised shares of Genesco from a neutral rating to an overweight rating and cut their price target for the company from $63.00 to $62.00 in a report on Thursday, April 20th. Finally, B. Riley reaffirmed a buy rating and issued a $50.00 price target on shares of Genesco in a report on Saturday, May 27th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $53.57.

Susquehanna Bancshares Inc reissued their positive rating on shares of Genesco Inc. (NYSE:GCO) in a report released on Tuesday morning. Susquehanna Bancshares Inc currently has a $43.00 price objective on the stock, down from their prior price objective of $66.00.

Shares of Genesco (NYSE GCO) opened at 36.60 on Tuesday. Genesco has a one year low of $33.55 and a one year high of $74.21. The stock has a 50 day moving average of $48.71 and a 200-day moving average of $57.93. The firm has a market capitalization of $702.28 million, a price-to-earnings ratio of 8.22 and a beta of 1.28.

Genesco (NYSE:GCO) last announced its earnings results on Thursday, May 25th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.28 by $0.22. The firm had revenue of $643.40 million during the quarter, compared to analysts’ expectations of $644.15 million. Genesco had a net margin of 3.34% and a return on equity of 10.10%. Genesco’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter last year, the company posted $0.62 earnings per share. On average, equities analysts anticipate that Genesco will post $3.92 earnings per share for the current fiscal year.

A number of hedge funds have recently bought and sold shares of GCO. Envestnet Asset Management Inc. boosted its stake in Genesco by 34.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 1,860 shares of the company’s stock valued at $116,000 after buying an additional 475 shares in the last quarter. Quantbot Technologies LP bought a new stake in Genesco during the first quarter valued at about $105,000. PNC Financial Services Group Inc. boosted its stake in Genesco by 44.0% in the first quarter. PNC Financial Services Group Inc. now owns 2,538 shares of the company’s stock valued at $142,000 after buying an additional 775 shares in the last quarter. SG Americas Securities LLC boosted its stake in Genesco by 25.1% in the first quarter. SG Americas Securities LLC now owns 2,815 shares of the company’s stock valued at $156,000 after buying an additional 565 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its stake in Genesco by 8.5% in the first quarter. Public Employees Retirement System of Ohio now owns 3,660 shares of the company’s stock valued at $203,000 after buying an additional 287 shares in the last quarter. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

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. It relies on independent third-party manufacturers for production of its footwear products sold at wholesale.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “GCO”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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