StockNews.com upgraded shares of Genesco (NYSE:GCO - Free Report) from a hold rating to a buy rating in a research report released on Monday.
Genesco Price Performance
Shares of NYSE GCO traded up $0.66 during trading on Monday, hitting $30.23. 125,613 shares of the company were exchanged, compared to its average volume of 135,696. 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 1 year low of $23.21 and a 1 year high of $37.89. The company has a market cap of $339.18 million, a price-to-earnings ratio of -422.37 and a beta of 2.41. The firm's fifty day moving average price is $27.58 and its 200 day moving average price is $27.33.
Genesco (NYSE:GCO - Get Free Report) last issued its earnings results on Friday, September 6th. The company reported ($0.83) earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 negative net margin of 0.03% and a positive return on equity of 0.49%. On average, sell-side analysts expect that Genesco will post 0.66 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Genesco
A number of large investors have recently added to or reduced their stakes in GCO. First Hawaiian Bank grew its position in shares of Genesco by 108.2% in the second quarter. First Hawaiian Bank now owns 16,680 shares of the company's stock valued at $431,000 after purchasing an additional 8,670 shares during the last quarter. SummerHaven Investment Management LLC increased its position in Genesco by 1.9% during the second quarter. SummerHaven Investment Management LLC now owns 29,246 shares of the company's stock worth $756,000 after buying an additional 556 shares in the last quarter. Allspring Global Investments Holdings LLC raised 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 worth $95,000 after acquiring an additional 3,584 shares during the last quarter. Pzena Investment Management LLC boosted its stake in shares of Genesco by 64.1% during the second quarter. Pzena Investment Management LLC now owns 1,221,342 shares of the company's stock valued at $31,584,000 after acquiring an additional 477,166 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its stake in shares of Genesco by 57.3% during the second quarter. Acadian Asset Management LLC now owns 271,394 shares of the company's stock valued at $7,016,000 after acquiring an additional 98,901 shares during the last quarter. 94.51% of the stock is owned by institutional investors and hedge funds.
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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