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CL King downgraded Genesco (NYSE:GCO) from Strong Buy to Buy in a report released today.

CL King has downgraded Genesco (NYSE:GCO) from Strong Buy to Buy in a report released on 10/19/2016.

Yesterday Genesco (NYSE:GCO) traded 1.67% higher at $54.05. The company’s 50-day moving average is $54.27 and its 200-day moving average is $63.79. The last stock close price is down -13.86% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 83,599 shares of the stock were exchanged, down from an average trading volume of 291,894

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Genesco (NYSE:GCO)

Genesco has a 52 week low of $47.66 and a 52 week high of $74.21 with a PE ratio of 11.52 Genesco’s market capitalization is currently $0.

In addition to CL King reporting its stock price target, a total of 11 brokerages have issued a ratings update on the company. The average stock price target is $68.73 with 1 brokerage rating the stock a strong buy, 5 brokerages rating the stock a buy, 7 brokerages rating the stock a hold, 1 brokerage rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On Genesco (NYSE:GCO)

Genesco Inc. is a retailer and wholesaler of footwear, apparel and accessories. The Company operates in five segments: Journeys Group, Schuh Group, Lids Sports Group, Johnston & Murphy Group and Licensed Brands. Its Journeys Group segment includes Journeys, Journeys Kidz, Shi by Journeys, Little Burgundy and Underground by Journeys retail stores, catalog and e-commerce operations. Schuh Group operates over 110 Schuh stores, averaging approximately 5,000 square feet, which include both street-level and mall locations in the United Kingdom, the Republic of Ireland and Germany. Lids Sports Group operates approximately 1,330 stores, including over 920 Lids stores, approximately 230 Lids Locker Room and Clubhouse stores and over 180 Locker Room by Lids leased departments. Johnston & Murphy operates approximately 170 retail shops and factory stores throughout the United States and in Canada. Licensed Brands offers footwear marketed under the Dockers brand.

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