Is Buying Stock Like Genesco Inc. (GCO) After Such Increase Winning Strategy?

September 17, 2017 - By Vivian Park

Investors sentiment increased to 1.1 in Q4 2016. Its up 0.05, from 1.05 in 2016Q3. It is positive, 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.
Profund Advisors Lc accumulated 5,861 shares. Franklin Inc holds 0% of its portfolio in Genesco Inc. (NYSE:GCO) for 47,058 shares. Brandywine Global Invest Mngmt Ltd Limited Liability Company stated it has 0.04% of its portfolio in Genesco Inc. (NYSE:GCO). Clinton Grp Incorporated holds 0.03% of its portfolio in Genesco Inc. (NYSE:GCO) for 8,838 shares. Quantitative Investment Management Limited Liability Com reported 29,300 shares. Parkside Bank & Trust & Tru accumulated 0% or 12 shares. Palisade Capital Management Limited Liability Com Nj owns 148,315 shares. The Massachusetts-based State Street Corporation has invested 0% in Genesco Inc. (NYSE:GCO). Manufacturers Life Insurance The accumulated 13,945 shares. Peak6 Investments L P has 0% invested in Genesco Inc. (NYSE:GCO). The Wisconsin-based Mason Street Advsr Lc has invested 0.01% in Genesco Inc. (NYSE:GCO). Sector Pension Investment Board reported 0.01% of its portfolio in Genesco Inc. (NYSE:GCO). Zurcher Kantonalbank (Zurich Cantonalbank) stated it has 0% in Genesco Inc. (NYSE:GCO). Raymond James owns 18,516 shares or 0% of their US portfolio. The Minnesota-based Walleye Trading Ltd has invested 0% in Genesco Inc. (NYSE:GCO).

Since June 1, 2017, it had 1 buying transaction, and 0 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.

Analysts await Genesco Inc. (NYSE:GCO) to report earnings on December, 1. They expect $1.15 EPS, down 10.16 % or $0.13 from last year’s $1.28 per share. GCO’s profit will be $22.91 million for 5.71 P/E if the $1.15 EPS becomes a reality. After $-0.10 actual EPS reported by Genesco Inc. for the previous quarter, Wall Street now forecasts -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 rating was downgraded by Sterne Agee CRT to “Neutral” on Tuesday, April 19. The rating was initiated by BB&T Capital on Wednesday, January 27 with “Hold”. Sterne Agee CRT maintained Genesco Inc. (NYSE:GCO) on Friday, September 4 with “Hold” rating. The firm earned “Equal-Weight” rating on Wednesday, September 13 by Morgan Stanley. Macquarie Research initiated the shares of GCO in report on Friday, July 24 with “Neutral” rating. The stock of Genesco Inc. (NYSE:GCO) earned “Strong Sell” rating by Zacks on Tuesday, August 4. The stock of Genesco Inc. (NYSE:GCO) has “Neutral” rating given on Thursday, November 17 by Susquehanna. Piper Jaffray upgraded the shares of GCO in report on Wednesday, January 20 to “Overweight” rating. The firm has “Buy” rating given on Tuesday, October 13 by Sterne Agee CRT. The firm has “Neutral” rating by Piper Jaffray given on Thursday, September 3.

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 Gurufocus.com published article titled: “Genesco Inc (GCO) Chairman, President & CEO Robert J Dennis Bought $595250 of …”, Marketwatch.com published: “Shares of Lids parent Genesco plummet 11% as company reports wider Q2 loss …” on August 31, 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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