StockNews.com lowered shares of Genesco (NYSE:GCO – Free Report) from a buy rating to a hold rating in a research note released on Friday morning.
Genesco Trading Down 2.5 %
Genesco stock opened at $26.71 on Friday. The firm has a 50-day moving average price of $28.09 and a two-hundred day moving average price of $27.07. Genesco has a 52-week low of $23.21 and a 52-week high of $37.89. The firm has a market capitalization of $310.53 million, a price-to-earnings ratio of -13.70 and a beta of 2.40. The company has a quick ratio of 0.40, a current ratio of 1.53 and a debt-to-equity ratio of 0.15.
Genesco (NYSE:GCO – Get Free Report) last issued its quarterly earnings results on Friday, September 6th. The company reported ($0.83) EPS for the quarter, topping the consensus estimate of ($1.12) by $0.29. Genesco had a negative net margin of 0.03% and a positive return on equity of 0.49%. The firm had revenue of $525.19 million for the quarter, compared to analysts’ expectations of $512.19 million. Sell-side analysts expect that Genesco will post 0.66 earnings per share for the current year.
Institutional Inflows and Outflows
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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