Genesco Inc. (GCO) Reaches New 1-Year Low Following Weak Earnings

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27 May, 2017

The analysts, on average, are forecasting a $12.95 price target, but the stock is already up 1.78% from its recent lows. (GCO) has a trading volume of 3.56 Million shares, with an average trading volume of 961950 shares - with shares dropping to a 52 week low of $44.15, and the company's shares hitting a 52 week high of $ 74.21. Robert W. Baird downgraded the shares of GCO in report on Friday, September 2 to "Neutral" rating. (NYSE:GCO) by 58.7% during the fourth quarter, according to its most recent disclosure with the SEC. Finally, Jefferies Group LLC set a $62.00 price objective on shares of Genesco and gave the company a "hold" rating in a research report on Thursday, April 20th. (NYSE:GCO) on Thursday, December 8. Bnp Paribas Arbitrage reported 8,866 shares stake. Analysts have a mean recommendation of 1.90 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). (NYSE:GCO) have earned an average recommendation of "Buy" from the nine analysts that are now covering the company.

Genesco Inc. (GCO) belonging to the Retail-Wholesale sector has declined -22.78% and closed its last trading session at $34.4. Shares for $181,304 were sold by SHAKED HEZY on Monday, January 23. The company had revenue of $643.40 million during the quarter, compared to analysts' expectations of $644.15 million.

This increase is typical for the uptrend and shows the considerable optimism among investors. Its up 0.05, from 1.05 in 2016Q3. Hedge funds and other institutional investors own 95.46% of the company's stock. Lpl Limited Liability Com accumulated 6,680 shares. Noting its average daily volume at 0.34 million shares each day over the month, this signifies a pretty significant change over the norm. Wells Fargo & Mn reported 61,635 shares stake. State Street reported 554,030 shares. Piper Jaffray downgraded Genesco Inc. Citadel Advsr Lc invested in 0% or 29,477 shares. (NYSE:GCO) for 24,021 shares. Mason Street Limited Liability holds 0.01% of its portfolio in Genesco Inc. It was reported on May, 24 by Barchart.com. Ls Advsr Ltd Company invested 0% in Genesco Inc. Another trade for 4,000 shares valued at $283,355 was sold by DICKENS MARTY G. It has underperformed by 43.57% the S&P500.

Currently, the market capitalization of Genesco Inc. The Firm offers an unparalleled selection of relevant brands, styles, colors, sizes and price points. It has a 7.52 P/E ratio.

Now the P/E of Genesco Inc. stands at 6.99. (NYSE:GCO) for 16,847 shares. Da Davidson & Com reported 66 shares or 0% of all its holdings. Return on Equity (ROE) stands at 10.9% and Return on Investment (ROI) of 10.3 percent. Therefore 27% are positive. The share price of GCO has decreased by over -49.60% in the last six months. UBS Asset Management Americas Inc. raised its position in Genesco by 9.5% in the third quarter. Piper Jaffray Companies set a $63.00 price target on Genesco and gave the company a "hold" rating in a report on Saturday, March 11th. (NYSE:GCO). Blackrock Inc owns 5,413 shares. Its price/book multiple of 0.96 compared with the 4.13 while its free cash flow yield of 5.03 should be matched with that of its industry's 19.57. (NYSE:GCO) on Thursday, November 17 to "Neutral" rating.

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

The Average True Range indicator applied to a daily chart of Apple has a current ATR reading of 2.30. Dennis Robert J sold $1.03 million worth of stock or 15,000 shares.


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