Genesco (NYSE:GCO) Share Price Crosses Above 200 Day Moving Average - Time to Sell?

Genesco Inc. (NYSE:GCO - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $32.97 and traded as high as $41.07. Genesco shares last traded at $40.55, with a volume of 164,189 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Genesco from a "hold" rating to a "buy" rating in a report on Friday, December 6th.

Genesco Trading Down 3.3 %

The company has a quick ratio of 0.32, a current ratio of 1.56 and a debt-to-equity ratio of 0.19. The firm's 50-day moving average price is $41.51 and its 200 day moving average price is $33.19. The company has a market capitalization of $437.68 million, a P/E ratio of -16.07 and a beta of 2.35.

Genesco (NYSE:GCO - Get Free Report) last issued its quarterly earnings data on Friday, December 6th. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.30 by $0.31. Genesco had a negative net margin of 1.13% and a positive return on equity of 0.56%. The business had revenue of $596.30 million during the quarter, compared to the consensus estimate of $577.73 million. During the same period in the prior year, the firm posted $0.57 EPS. The firm's quarterly revenue was up 2.9% compared to the same quarter last year. As a group, equities research analysts predict that Genesco Inc. will post 0.94 earnings per share for the current year.

Insider Buying and Selling at Genesco

In other Genesco news, VP Daniel E. Ewoldsen sold 4,000 shares of the business's stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $42.68, for a total value of $170,720.00. Following the transaction, the vice president now directly owns 41,358 shares in the company, valued at $1,765,159.44. The trade was a 8.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 7.09% of the company's stock.

Institutional Trading of Genesco

A number of institutional investors have recently modified their holdings of the business. State Street Corp lifted its stake in shares of Genesco by 2.1% during the 3rd quarter. State Street Corp now owns 320,691 shares of the company's stock valued at $8,713,000 after buying an additional 6,587 shares in the last quarter. American Century Companies Inc. lifted its stake in Genesco by 25.3% in the 4th quarter. American Century Companies Inc. now owns 276,807 shares of the company's stock worth $11,833,000 after purchasing an additional 55,977 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Genesco by 124.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 251,142 shares of the company's stock worth $6,824,000 after purchasing an additional 139,485 shares in the last quarter. Geode Capital Management LLC lifted its stake in Genesco by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 247,193 shares of the company's stock worth $6,718,000 after purchasing an additional 3,157 shares in the last quarter. Finally, Empowered Funds LLC increased its holdings in shares of Genesco by 5.0% in the 4th quarter. Empowered Funds LLC now owns 61,501 shares of the company's stock worth $2,629,000 after buying an additional 2,953 shares during the last quarter. 94.51% of the stock is currently owned by hedge funds and other institutional investors.

Genesco Company Profile

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.