Genesco (GCO) Given Daily Coverage Optimism Rating of 0.23

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25 May, 2017

Its up 0.05, from 1.05 in 2016Q3. It worsened, as 8 investors sold Tilly's Inc shares while 25 reduced holdings. 23 funds opened positions while 55 raised stakes. Prudential reported 0.02% of its portfolio in Genesco Inc. Aperio Limited Liability reported 6,533 shares stake. Moreover, Schwab Charles Inv Mgmt has 0% invested in Tilly's Inc (NYSE:TLYS) for 31,044 shares. (NYSE:GCO). Raymond James & Associate holds 0% or 18,516 shares in its portfolio. First Trust Advisors Lp owns 0.01% invested in Genesco Inc. Capstone Asset Management reported 8,070 shares. Pacific Ridge Prns invested 0.1% in Genesco Inc. (NYSE:GCO) for 102,657 shares. MARSHALL THURGOOD JR sold $96,313 worth of stock or 1,572 shares. Guggenheim initiated the shares of TLYS in report on Tuesday, January 5 with "Neutral" rating. California Public Employees Retirement holds 0.01% of its portfolio in Genesco Inc. (NYSE:GCO). 525,869 are held by Blackrock Institutional Communications Na. Parametric Port holds 42,561 shares or 0% of its portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) invested in 0% or 2,584 shares. Comml Bank Of Montreal Can owns 32,117 shares or 0% of their USA portfolio.

Since December 6, 2016, it had 0 buys, and 4 selling transactions for $2.11 million activity.

Sell-side analysts have also provided a consensus recommendation of 2.70 on company shares. DICKENS MARTY G sold 4,000 shares worth $283,355. The insider CAPLAN JONATHAN D sold 10,000 shares worth $709,032. Mizuho maintained Tilly's Inc (NYSE:TLYS) on Thursday, December 1 with "Neutral" rating.

Analysts await Genesco Inc. Interest coverage ratio deteriorated to 2.37 for the quarter from 15.74 for the same period past year. GCO's profit will be $6.82 million for 33.64 P/E if the $0.34 EPS becomes a reality. Its up 1.87% from 2.80M shares, reported previously. The lowest price the stock reached in the last trading day was $15.56 and compares with the $7.2 52-week low. Over the last six months, Genesco Inc.'s stock has been -29.67% and -23.81% for the year. It has underperformed by 43.57% the S&P500.The move comes after 9 months negative chart setup for the $873.86M company.

A number of equities research analysts have recently commented on the company. Therefore 27% are positive.

Genesco Inc. has a 1-year low of $45.00 and a 1-year high of $74.21. The stock presently has a consensus rating of Hold and a consensus price target of $62.86. Genesco had 23 analyst reports since July 24, 2015 according to SRatingsIntel. Envestnet Asset Management Inc. now owns 1,860 shares of the company's stock valued at $116,000 after buying an additional 475 shares in the last quarter. On Thursday, October 8 the stock rating was upgraded by B. Riley & Co to "Buy". As per Thursday, November 17, the company rating was downgraded by Susquehanna. (NYSE:GCO) earned "Equal-Weight" rating by Morgan Stanley on Wednesday, July 20. The rating was maintained by Sterne Agee CRT with "Hold" on Friday, September 4. Zacks Investment Research raised shares of Genesco from a "sell" rating to a "hold" rating in a research note on Thursday, May 18th. Zacks downgraded the stock to "Sell" rating in Wednesday, September 2 report. (NYSE:GCO) has "Positive" rating given on Friday, September 16 by Susquehanna.

Genesco Inc.is a retailer and wholesaler of footwear, apparel and accessories. The stock has a market cap of $882.50 million, a price-to-earnings ratio of 9.32 and a beta of 1.28. Revenue slipped to $643.4 million from $648.8 million, just shy of the FactSet consensus of $644.7 million, as declines in Journeys and Lids Sports group stores offset increases in Schuh, Johnston & Murphy and licensed brands sales.

Another recent and important Genesco Inc. (NYSE:GCO) news were published by: Prnewswire.com which released: "Shoes For Crews to Acquire SureGrip Footwear from Genesco" on December 06, 2016, also Seekingalpha.com with their article: "Genesco Lays An Egg In Q3" published on December 26, 2016, Prnewswire.com published: "Genesco Reports Fourth Quarter Fiscal 2017 Results" on March 10, 2017.


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