Genesco Inc. (GCO) Can’t Be More Safe. Trades Significantly Higher

September 17, 2017 - By Adrian Mccoy

Investors sentiment increased to 1.1 in Q4 2016. Its up 0.05, from 1.05 in 2016Q3. It improved, as 20 investors sold Genesco Inc. shares while 51 reduced holdings. 23 funds opened positions while 55 raised stakes. 19.82 million shares or 1.63% more from 19.51 million shares in 2016Q3 were reported.
Credit Suisse Ag holds 45,701 shares or 0% of its portfolio. Schwab Charles Inv Mngmt, a California-based fund reported 205,159 shares. 55,316 are owned by Guggenheim Limited Liability. Palisade Capital Management Limited Company Nj owns 148,315 shares for 0.35% of their portfolio. Legal And General Grp Public Limited accumulated 0% or 50,134 shares. Pub Employees Retirement Association Of Colorado has invested 0% in Genesco Inc. (NYSE:GCO). Price T Rowe Md stated it has 0.01% in Genesco Inc. (NYSE:GCO). Sg Americas Securities Limited Liability Corporation holds 2,250 shares. Pacific Ridge Limited Liability Company holds 0.1% or 4,550 shares in its portfolio. Princeton Alpha Management Lp reported 3,429 shares. California Employees Retirement invested 0.01% in Genesco Inc. (NYSE:GCO). Stevens Cap Mngmt Lp reported 5,751 shares. Riverhead Capital Management owns 1,300 shares. Blackrock Fund stated it has 0.02% in Genesco Inc. (NYSE:GCO). Texas Permanent School Fund reported 0.01% in Genesco Inc. (NYSE:GCO).

Since June 1, 2017, it had 1 insider buy, and 0 sales for $49,821 activity.

The stock of Genesco Inc. (NYSE:GCO) is a huge mover today! The stock increased 4.79% or $1.2 on September 15, reaching $26.25. About 890,460 shares traded or 43.00% up from the average. Genesco Inc. (NYSE:GCO) has declined 26.87% since September 17, 2016 and is downtrending. It has underperformed by 43.57% the S&P500.
The move comes after 9 months positive chart setup for the $522.87 million company. It was reported on Sep, 17 by Barchart.com. We have $28.61 PT which if reached, will make NYSE:GCO worth $47.06 million more.

Investors wait Genesco Inc. (NYSE:GCO) to report on December, 1. its quarterly earnings Wall Street analysts expect $1.15 earnings per share, down $0.13 or 10.16 % from last year’s $1.28 same quarter earnings. This translates into $22.91 million profit for GCO giving the stock a 5.71 P/E. This is assuming the current $1.15 EPS is accurate. Genesco Inc.’s Wall Street analysts see -1,250.00 % EPS growth, taking into account the $-0.10 EPS reproted in the previous quarter,

Genesco Inc. (NYSE:GCO) Ratings Coverage

Among 12 analysts covering Genesco (NYSE:GCO), 3 have Buy rating, 1 Sell and 8 Hold. Therefore 25% are positive. Genesco had 30 analyst reports since July 24, 2015 according to SRatingsIntel. As per Thursday, August 31, the company rating was maintained by Jefferies. Susquehanna downgraded Genesco Inc. (NYSE:GCO) on Thursday, November 17 to “Neutral” rating. Piper Jaffray upgraded Genesco Inc. (NYSE:GCO) on Wednesday, January 20 to “Overweight” rating. The company was upgraded on Tuesday, August 4 by Zacks. The rating was maintained by Sterne Agee CRT on Friday, September 4 with “Hold”. B. Riley & Co initiated Genesco Inc. (NYSE:GCO) on Thursday, February 11 with “Neutral” rating. The rating was maintained by Jefferies with “Hold” on Friday, August 18. The firm has “Positive” rating by Susquehanna given on Friday, September 16. The stock of Genesco Inc. (NYSE:GCO) has “Positive” rating given on Wednesday, April 26 by Susquehanna. The stock of Genesco Inc. (NYSE:GCO) has “Hold” rating given on Friday, October 2 by Jefferies.

More important recent Genesco Inc. (NYSE:GCO) news were published by: Marketwatch.com which released: “Shares of Lids parent Genesco plummet 11% as company reports wider Q2 loss …” on August 31, 2017, also Nasdaq.com published article titled: “Earnings Reaction History: Genesco Inc., 66.7% Follow-Through Indicator, 9.8 …”, Gurufocus.com published: “Genesco Inc (GCO) Chairman, President & CEO Robert J Dennis Bought $595250 of …” on September 07, 2017. More interesting news about Genesco Inc. (NYSE:GCO) was released by: Nasdaq.com and their article: “Genesco Inc. (GCO) in Focus: Stock Moves 9.7% Higher” with publication date: September 05, 2017.

Genesco Inc. is a retailer and wholesaler of footwear, apparel and accessories. The company has market cap of $522.87 million. The Firm operates in five divisions: Journeys Group, Schuh Group, Lids Sports Group, Johnston & Murphy Group and Licensed Brands. It has a 7.39 P/E ratio. It relies on independent third-party manufacturers for production of its footwear products sold at wholesale.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.