StockNews.com cut shares of Genesco (NYSE:GCO – Free Report) from a buy rating to a hold rating in a report released on Monday morning.
Genesco Stock Performance
Shares of GCO stock traded up $0.18 on Monday, reaching $26.88. The stock had a trading volume of 85,961 shares, compared to its average volume of 132,172. Genesco has a 12 month low of $23.21 and a 12 month high of $37.89. The firm has a market capitalization of $312.51 million, a price-to-earnings ratio of -13.65 and a beta of 2.42. The firm’s 50-day moving average is $26.60 and its two-hundred day moving average is $27.29. The company has a quick ratio of 0.37, a current ratio of 1.65 and a debt-to-equity ratio of 0.11.
Genesco (NYSE:GCO – Get Free Report) last released its quarterly earnings data on Friday, May 31st. The company reported ($2.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($2.66) by $0.56. Genesco had a positive return on equity of 0.40% and a negative net margin of 0.97%. The firm had revenue of $457.60 million for the quarter, compared to analyst estimates of $445.66 million. During the same quarter in the prior year, the company earned ($1.59) earnings per share. The business’s revenue for the quarter was down 5.3% compared to the same quarter last year. On average, research analysts expect that Genesco will post 0.66 EPS for the current fiscal year.
Institutional Trading of Genesco
Genesco Company Profile
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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