Genesco Inc. (NYSE:GCO) has been downgraded to Hold in a statement by TheStreet earlier today.
- Updated: September 15, 2016
Having a price of $51.03, Genesco Inc. (NYSE:GCO) traded 2.97% higher on the day. The last close is down 22.82% relative to the 200-day average, compared with the Standard & Poor’s 500 Index which has fallen -0.01% over the same time. Genesco Inc. has logged a 50-day average of $64.68 and 200-day moving average of $66.12. Trading volume was was down over the average, with 247,708 shares of GCO changing hands under the typical 260,054 shares.
TheStreet has downgraded Genesco Inc.(NYSE:GCO) to Hold in a report released Wednesday September 14 2016.
A total of 11 brokers have issued a ratings update on the company. One firm rate the company a strong buy, five analysts rate the company a buy, seven firms rate the stock a hold, one firm rate the company to underperform, and lastly 0 analystsrate the company as sell with a one year target price of $68.73
Genesco Inc. has a price-earnings of 11 with a one-year low of $47.66 and a one-year high of $74.21 and has a total market value of $0.0.
Brief Synopsis On Genesco Inc. (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, and 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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