Genesco (NYSE:GCO - Get Free Report) was upgraded by StockNews.com from a "hold" rating to a "buy" rating in a research report issued on Saturday.
Genesco Stock Performance
NYSE GCO traded down $0.70 on Friday, hitting $24.92. The stock had a trading volume of 143,543 shares, compared to its average volume of 135,443. The company has a quick ratio of 0.40, a current ratio of 1.53 and a debt-to-equity ratio of 0.15. The company's 50-day moving average is $27.69 and its two-hundred day moving average is $27.08. The stock has a market cap of $279.60 million, a price-to-earnings ratio of -355.95 and a beta of 2.40. Genesco has a one year low of $23.21 and a one year high of $37.89.
Genesco (NYSE:GCO - Get Free Report) last issued its quarterly earnings results on Friday, September 6th. The company reported ($0.83) EPS for the quarter, beating analysts' consensus estimates of ($1.12) by $0.29. The company had revenue of $525.19 million for the quarter, compared to analyst estimates of $512.19 million. Genesco had a positive return on equity of 0.49% and a negative net margin of 0.03%. On average, analysts expect that Genesco will post 0.66 earnings per share for the current year.
Institutional Investors Weigh In On Genesco
Institutional investors have recently added to or reduced their stakes in the company. Quarry LP bought a new position in shares of Genesco during the 2nd quarter valued at about $27,000. nVerses Capital LLC acquired a new position in Genesco in the third quarter worth approximately $30,000. CWM LLC grew its position in Genesco by 256.4% in the third quarter. CWM LLC now owns 2,363 shares of the company's stock worth $64,000 after buying an additional 1,700 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Genesco by 4,977.8% in the second quarter. Allspring Global Investments Holdings LLC now owns 3,656 shares of the company's stock valued at $95,000 after buying an additional 3,584 shares in the last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Genesco during the 2nd quarter valued at $113,000. 94.51% of the stock is currently owned by institutional investors and hedge funds.
Genesco Company Profile
(
Get Free Report)
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.
Read More
Before you consider Genesco, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Genesco wasn't on the list.
While Genesco currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
