Genesco (NYSE:GCO – Get Free Report) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report released on Monday.
Genesco Trading Down 3.2 %
Genesco stock traded down $0.87 during mid-day trading on Monday, hitting $26.70. 152,672 shares of the company’s stock were exchanged, compared to its average volume of 132,482. The firm has a market capitalization of $310.52 million, a P/E ratio of -13.69 and a beta of 2.42. Genesco has a fifty-two week low of $23.21 and a fifty-two week high of $37.89. The company has a quick ratio of 0.37, a current ratio of 1.65 and a debt-to-equity ratio of 0.11. The company’s 50 day simple moving average is $26.60 and its 200-day simple moving average is $27.29.
Genesco (NYSE:GCO – Get Free Report) last announced its quarterly earnings data on Friday, May 31st. The company reported ($2.10) earnings per share for the quarter, beating the consensus estimate of ($2.66) by $0.56. The company had revenue of $457.60 million during the quarter, compared to analysts’ expectations of $445.66 million. Genesco had a positive return on equity of 0.40% and a negative net margin of 0.97%. Genesco’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same quarter last year, the company earned ($1.59) EPS. On average, equities analysts anticipate 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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