Genesco Inc. (GCO) on Focus After Raising In Today’s Session

September 17, 2017 - By Kurt Siggers

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.
Blackrock Institutional Trust Na invested in 525,869 shares or 0% of the stock. 396,134 are owned by Northern Trust Corporation. 2.11 million are owned by Eagle Asset. Fmr Ltd holds 0.02% or 2.98M shares in its portfolio. Susquehanna International Grp Inc Ltd Liability Partnership holds 18,734 shares. Canada Pension Plan Board invested in 0.05% or 212,600 shares. Savings Bank Of America Corporation De accumulated 0% or 154,731 shares. Parametric Assoc Ltd Limited Liability Company owns 101,498 shares. State Of Wisconsin Inv Board holds 0.04% or 138,362 shares. Pub Sector Pension Board accumulated 14,470 shares or 0.01% of the stock. Palisade Capital Ltd Nj accumulated 148,315 shares. Wedge Capital L Ltd Partnership Nc holds 267,001 shares. Blackrock Inv Mgmt Limited Liability stated it has 111,114 shares or 0.01% of all its holdings. Ls Investment Ltd Liability Com reported 768 shares stake. Tower Rech Cap Ltd Company (Trc) reported 4,351 shares.

Since June 1, 2017, it had 1 insider buy, and 0 insider 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.

Analysts expect Genesco Inc. (NYSE:GCO) to report $1.15 EPS on December, 1.They anticipate $0.13 EPS change or 10.16 % from last quarter’s $1.28 EPS. GCO’s profit would be $22.91 million giving it 5.71 P/E if the $1.15 EPS is correct. After having $-0.10 EPS previously, Genesco Inc.’s analysts see -1,250.00 % EPS growth.

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. The rating was downgraded by CL King to “Buy” on Wednesday, October 19. The rating was maintained by Buckingham Research on Friday, September 1 with “Neutral”. The rating was downgraded by Sterne Agee CRT to “Neutral” on Tuesday, April 19. The firm has “Hold” rating given on Thursday, August 31 by Jefferies. Zacks downgraded the shares of GCO in report on Wednesday, September 2 to “Sell” rating. Susquehanna initiated the stock with “Positive” rating in Friday, September 16 report. As per Friday, September 2, the company rating was downgraded by Robert W. Baird. As per Wednesday, April 26, the company rating was upgraded by Susquehanna. The stock of Genesco Inc. (NYSE:GCO) earned “Hold” rating by Sterne Agee CRT on Friday, September 4. The stock has “Equal-Weight” rating by Morgan Stanley on Wednesday, September 13.

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

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