StockNews.com cut shares of Genesco (NYSE:GCO – Free Report) from a buy rating to a hold rating in a research report sent to investors on Friday morning.
Genesco Stock Performance
NYSE:GCO opened at $26.69 on Friday. The firm’s 50-day moving average is $28.09 and its 200-day moving average is $27.07. The company has a market cap of $310.30 million, a price-to-earnings ratio of -13.69 and a beta of 2.40. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.40 and a current ratio of 1.53. Genesco has a 52-week low of $23.21 and a 52-week high of $37.89.
Genesco (NYSE:GCO – Get Free Report) last issued its quarterly earnings results on Friday, September 6th. The company reported ($0.83) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.12) by $0.29. Genesco had a positive return on equity of 0.49% and a negative net margin of 0.03%. The firm had revenue of $525.19 million for the quarter, compared to analyst estimates of $512.19 million. Equities research analysts anticipate that Genesco will post 0.66 earnings per share for the current year.
Hedge Funds Weigh In On Genesco
About Genesco
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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