Genesco (NYSE:GCO - Get Free Report) was downgraded by StockNews.com from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Sunday.
Genesco Trading Down 1.8 %
NYSE GCO traded down $0.54 on Friday, reaching $29.02. The company had a trading volume of 85,526 shares, compared to its average volume of 136,276. The firm has a market cap of $325.60 million, a price-to-earnings ratio of -414.51 and a beta of 2.41. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.53 and a quick ratio of 0.40. Genesco has a fifty-two week low of $23.21 and a fifty-two week high of $37.89. The business has a 50 day moving average of $27.46 and a two-hundred day moving average of $27.16.
Genesco (NYSE:GCO - Get Free Report) last issued its quarterly earnings results on Friday, September 6th. The company reported ($0.83) earnings per share for the quarter, beating the consensus estimate of ($1.12) by $0.29. The company had revenue of $525.19 million during the quarter, compared to analysts' expectations of $512.19 million. Genesco had a positive return on equity of 0.49% and a negative net margin of 0.03%. Analysts forecast that Genesco will post 0.66 EPS for the current year.
Hedge Funds Weigh In On Genesco
A number of hedge funds have recently bought and sold shares of GCO. Landscape Capital Management L.L.C. acquired a new stake in Genesco during the 3rd quarter worth about $336,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in Genesco by 139.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 36,279 shares of the company's stock worth $986,000 after purchasing an additional 21,158 shares during the period. Meeder Asset Management Inc. increased its holdings in Genesco by 84.6% in the third quarter. Meeder Asset Management Inc. now owns 8,035 shares of the company's stock worth $218,000 after purchasing an additional 3,683 shares in the last quarter. Quest Partners LLC lifted its stake in Genesco by 54.9% in the third quarter. Quest Partners LLC now owns 1,854 shares of the company's stock valued at $50,000 after buying an additional 657 shares during the period. Finally, Empowered Funds LLC boosted its holdings in shares of Genesco by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 58,548 shares of the company's stock worth $1,591,000 after buying an additional 2,948 shares in the last quarter. Institutional investors own 94.51% of the company's stock.
About Genesco
(
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Genesco Inc operates as a retailer and wholesaler of footwear, apparel, and accessories in the United States, Puerto Rico, Canada, the United Kingdom, and the Republic of Ireland. The company operates through four segments: Journeys Group, Schuh Group, Johnston & Murphy Group, and Genesco Brands.
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