StockNews.com downgraded shares of Genesco (NYSE:GCO – Free Report) from a buy rating to a hold rating in a research note issued to investors on Friday.
Genesco Trading Down 2.6 %
Shares of GCO opened at $26.69 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.40 and a current ratio of 1.53. 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 stock has a fifty day moving average price of $28.09 and a two-hundred day moving average price of $27.07. Genesco has a 52-week low of $23.21 and a 52-week high of $37.89.
Genesco (NYSE:GCO – Get Free Report) last released its quarterly earnings results on Friday, September 6th. The company reported ($0.83) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $525.19 million during the quarter, compared to analysts’ expectations of $512.19 million. Analysts predict that Genesco will post 0.66 EPS for the current fiscal year.
Institutional Inflows and Outflows
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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