After Today’s Huge Increase, Is Genesco Inc. (GCO)’s Near-Term Analysis Positive?

September 17, 2017 - By Darrin Black

Investors sentiment increased to 1.1 in Q4 2016. Its up 0.05, from 1.05 in 2016Q3. It increased, 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.
Citigroup reported 59,014 shares. Amer Intl Grp Inc Incorporated reported 15,069 shares. State Of Alaska Department Of Revenue has invested 0.01% in Genesco Inc. (NYSE:GCO). Oxford Asset owns 0.17% invested in Genesco Inc. (NYSE:GCO) for 55,270 shares. Tower Capital Ltd Liability Corp (Trc) holds 0.03% in Genesco Inc. (NYSE:GCO) or 4,351 shares. Da Davidson reported 66 shares. Northern Tru holds 0.01% or 396,134 shares in its portfolio. Texas Permanent School Fund holds 0.01% of its portfolio in Genesco Inc. (NYSE:GCO) for 15,043 shares. Victory Cap Mgmt invested in 0.06% or 396,919 shares. Tudor Corporation Et Al holds 4,800 shares or 0.01% of its portfolio. Louisiana State Employees Retirement Sys holds 8,300 shares. Legal & General Group Public Ltd Liability accumulated 0% or 50,134 shares. Deutsche Fincl Bank Ag holds 114,144 shares or 0.01% of its portfolio. Blackrock Institutional Tru Na stated it has 525,869 shares or 0% of all its holdings. 29,000 were reported by Amer Century.

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.

Wall Street await Genesco Inc. (NYSE:GCO) to release earnings on December, 1. Analysts forecast earnings per share of $1.15, down exactly $0.13 or 10.16 % from 2014’s $1.28 EPS. The expected GCO’s profit could reach $22.91M giving the stock 5.71 P/E in the case that $1.15 earnings per share is reported. After posting $-0.10 EPS for the previous quarter, Genesco Inc.’s analysts now forecast -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 firm has “Buy” rating given on Tuesday, October 13 by Sterne Agee CRT. The firm earned “Neutral” rating on Monday, August 28 by Susquehanna. The stock of Genesco Inc. (NYSE:GCO) has “Positive” rating given on Thursday, November 3 by Susquehanna. The stock of Genesco Inc. (NYSE:GCO) earned “Neutral” rating by Sterne Agee CRT on Tuesday, April 19. Piper Jaffray downgraded the stock to “Neutral” rating in Tuesday, May 24 report. The stock has “Neutral” rating by Robert W. Baird on Friday, September 2. Zacks downgraded the stock to “Sell” rating in Wednesday, September 2 report. BB&T Capital initiated the stock with “Hold” rating in Wednesday, January 27 report. The company was initiated on Thursday, February 11 by B. Riley & Co. Macquarie Research initiated Genesco Inc. (NYSE:GCO) on Friday, July 24 with “Neutral” rating.

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 Marketwatch.com published article titled: “Shares of Lids parent Genesco plummet 11% as company reports wider Q2 loss …”, 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: “Earnings Reaction History: Genesco Inc., 66.7% Follow-Through Indicator, 9.8 …” 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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