Genesco Inc. (GCO) Hit 52-Week High

May 25, 2018 - By Kurt Siggers

Genesco Inc. (NYSE:GCO) Logo

Investors sentiment increased to 1.4 in 2017 Q4. Its up 0.27, from 1.13 in 2017Q3. It increased, as 13 investors sold Genesco Inc. shares while 40 reduced holdings. 29 funds opened positions while 45 raised stakes. 18.93 million shares or 0.50% less from 19.03 million shares in 2017Q3 were reported.
Euclidean Mgmt Limited Liability holds 34,519 shares. State Of Wisconsin Investment Board holds 127,562 shares. Us Comml Bank De reported 4,009 shares or 0% of all its holdings. Mason Street Limited Liability reported 0% of its portfolio in Genesco Inc. (NYSE:GCO). 9,008 were accumulated by Verition Fund Mngmt Lc. Quantitative Management Lc accumulated 0.03% or 69,100 shares. Moreover, Guggenheim Capital Ltd Co has 0% invested in Genesco Inc. (NYSE:GCO). Portolan Mngmt Lc accumulated 0.13% or 37,914 shares. California State Teachers Retirement holds 0% or 30,678 shares. Jefferies Gp Ltd Company reported 0.01% stake. Riverhead holds 0% of its portfolio in Genesco Inc. (NYSE:GCO) for 2,531 shares. State Board Of Administration Of Florida Retirement Systems holds 0% or 6,748 shares. Barclays Public Ltd Company reported 25,782 shares. Pub Employees Retirement Association Of Colorado invested 0% in Genesco Inc. (NYSE:GCO). Morgan Stanley has 0% invested in Genesco Inc. (NYSE:GCO) for 47,787 shares.

Since April 4, 2018, it had 0 insider purchases, and 1 sale for $93,087 activity.

The stock of Genesco Inc. (NYSE:GCO) hit a new 52-week high and has $47.42 target or 4.00 % above today’s $45.60 share price. The 8 months bullish chart indicates low risk for the $908.16M company. The 1-year high was reported on May, 25 by Barchart.com. If the $47.42 price target is reached, the company will be worth $36.33 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.33% or $0.15 during the last trading session, reaching $45.6. About 52,435 shares traded. Genesco Inc. (NYSE:GCO) has declined 31.06% since May 25, 2017 and is downtrending. It has underperformed by 42.61% the S&P500.

Analysts await Genesco Inc. (NYSE:GCO) to report earnings on June, 5 before the open. They expect $-0.06 earnings per share, down 200.00 % or $0.12 from last year’s $0.06 per share. After $2.15 actual earnings per share reported by Genesco Inc. for the previous quarter, Wall Street now forecasts -102.79 % negative EPS growth.

Genesco Inc. (NYSE:GCO) Ratings Coverage

Among 6 analysts covering Genesco Inc (NYSE:GCO), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. Genesco Inc had 15 analyst reports since November 28, 2017 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, February 14 by Piper Jaffray. The rating was maintained by Piper Jaffray with “Buy” on Tuesday, November 28. The firm has “Buy” rating given on Tuesday, January 2 by Jefferies. Robert W. Baird maintained Genesco Inc. (NYSE:GCO) on Thursday, April 5 with “Hold” rating. The rating was maintained by Piper Jaffray with “Buy” on Thursday, March 15. The stock of Genesco Inc. (NYSE:GCO) earned “Buy” rating by SunTrust on Tuesday, January 9. The firm has “Buy” rating by SunTrust given on Thursday, March 15. On Monday, February 26 the stock rating was maintained by Jefferies with “Buy”. The stock has “Neutral” rating by Buckingham Research on Friday, March 16. As per Thursday, January 18, the company rating was maintained by Jefferies.

Another recent and important Genesco Inc. (NYSE:GCO) news was published by Globenewswire.com which published an article titled: “Investor Expectations to Drive Momentum within Aerohive Networks, M/I Homes, bluebird bio, Penske Automotive …” on May 15, 2018.

Genesco Inc. retails and wholesales footwear, apparel, and accessories. The company has market cap of $908.16 million. The companyÂ’s Journeys Group segment offers footwear and accessories through the Journeys, Journeys Kidz, Shi by Journeys, Little Burgundy, and Underground by Journeys retail stores, as well as through e-commerce and catalogs for young men, women, and children. It currently has negative earnings. The Company’s Schuh Group segment operates Schuh retail footwear stores that offer casual and athletic footwear for men and women, as well as sells footwear through e-commerce.

Genesco Inc. (NYSE:GCO) Institutional Positions Chart

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