Genesco (NYSE:GCO) Price Target Increased to $52.00 by Analysts at Robert W. Baird

Genesco (NYSE:GCO) had its target price hoisted by Robert W. Baird from $40.00 to $52.00 in a report published on Monday, BenzingaRatingsTable reports. The brokerage currently has a neutral rating on the stock.

GCO has been the topic of several other reports. Susquehanna Bancshares reaffirmed a buy rating and issued a $56.00 price target on shares of Genesco in a report on Friday. Pivotal Research raised shares of Genesco from a hold rating to a buy rating and upped their price target for the company from $40.00 to $48.00 in a report on Monday, September 9th. Finally, Zacks Investment Research lowered shares of Genesco from a strong-buy rating to a hold rating in a research note on Monday, November 11th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $53.00.

GCO traded up $0.83 during trading on Monday, hitting $51.80. The company had a trading volume of 21,259 shares, compared to its average volume of 350,708. The company has a market cap of $732.24 million, a PE ratio of 15.78, a P/E/G ratio of 2.30 and a beta of 0.49. The business has a 50-day moving average of $39.68 and a 200-day moving average of $39.84. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.34 and a quick ratio of 0.28. Genesco has a 1-year low of $31.65 and a 1-year high of $52.52.

Genesco (NYSE:GCO) last posted its quarterly earnings results on Friday, December 6th. The company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.23. The firm had revenue of $537.30 million for the quarter, compared to analysts’ expectations of $540.64 million. Genesco had a negative net margin of 1.74% and a positive return on equity of 10.97%. The firm’s quarterly revenue was down .5% on a year-over-year basis. During the same period in the prior year, the company posted $0.95 earnings per share. Research analysts forecast that Genesco will post 4.25 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in the business. Eagle Asset Management Inc. increased its stake in Genesco by 0.3% during the third quarter. Eagle Asset Management Inc. now owns 626,332 shares of the company’s stock valued at $25,065,000 after purchasing an additional 1,667 shares during the last quarter. Millennium Management LLC increased its stake in Genesco by 504.3% during the third quarter. Millennium Management LLC now owns 387,627 shares of the company’s stock valued at $15,512,000 after purchasing an additional 323,481 shares during the last quarter. LSV Asset Management increased its stake in Genesco by 19.2% during the second quarter. LSV Asset Management now owns 260,900 shares of the company’s stock valued at $11,033,000 after purchasing an additional 42,100 shares during the last quarter. Smith Graham & Co. Investment Advisors LP increased its stake in Genesco by 0.6% during the third quarter. Smith Graham & Co. Investment Advisors LP now owns 198,955 shares of the company’s stock valued at $7,962,000 after purchasing an additional 1,100 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. increased its stake in Genesco by 185.4% during the second quarter. D. E. Shaw & Co. Inc. now owns 189,654 shares of the company’s stock valued at $8,020,000 after purchasing an additional 123,191 shares during the last quarter.

About Genesco

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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