Price Action To Observe: Could Genesco Inc. Lose Strenght? The Stock Increases A Lot Today

Price Action To Observe: Could Genesco Inc. Lose Strenght? The Stock Increases A Lot Today

The stock of Genesco Inc. (NYSE:GCO) is a huge mover today! The stock increased 3.96% or $2.6 on November 22, hitting $68.25. About 166,852 shares traded hands. Genesco Inc. (NYSE:GCO) has declined 6.00% since April 20, 2016 and is downtrending. It has underperformed by 10.56% the S&P500.
The move comes after 7 months positive chart setup for the $1.42 billion company. It was reported on Nov, 22 by Barchart.com. We have $71.66 PT which if reached, will make NYSE:GCO worth $71.00M more.

Genesco Inc. (NYSE:GCO) Ratings Coverage

Out of 11 analysts covering Genesco (NYSE:GCO), 1 rate it a “Buy”, 1 “Sell”, while 9 “Hold”. This means 9% are positive. Genesco has been the topic of 21 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock of Genesco Inc. (NYSE:GCO) earned “Strong Buy” rating by CL King on Thursday, October 8. The stock has “Positive” rating given by Susquehanna on Thursday, November 3. Piper Jaffray downgraded Genesco Inc. (NYSE:GCO) on Tuesday, May 24 to “Neutral” rating. The firm has “Neutral” rating by B. Riley & Co given on Thursday, February 11. Sterne Agee CRT maintained Genesco Inc. (NYSE:GCO) on Friday, September 4 with “Hold” rating. The company was maintained on Friday, October 2 by Jefferies. The stock of Genesco Inc. (NYSE:GCO) has “Neutral” rating given on Friday, July 24 by Macquarie Research. The rating was downgraded by Susquehanna to “Neutral” on Thursday, November 17. The stock of Genesco Inc. (NYSE:GCO) has “Strong Sell” rating given on Tuesday, August 4 by Zacks. The firm has “Buy” rating by Sterne Agee CRT given on Tuesday, October 13.

According to Zacks Investment Research, “Genesco Inc., a Nashville-based specialty retailer, sells footwear, headwear and accessories in retail stores in the United States and Canada. The Company sells its products principally under the names Journeys, Journeys Kidz, Shi by Journeys, Johnston & Murphy, Underground Station, Hatworld, Lids, Hat Shack, Hat Zone, Head Quarters and Cap Connection, and on internet websites. The Company also sells footwear at wholesale under its Johnston & Murphy brand and under the licensed Dockers brand.”

Insitutional Activity: The institutional sentiment increased to 1.05 in 2016 Q2. Its up 0.44, from 0.61 in 2016Q1. The ratio is positive, as 21 funds sold all Genesco Inc. shares owned while 76 reduced positions. 26 funds bought stakes while 33 increased positions. They now own 19.00 million shares or 5.16% less from 20.03 million shares in 2016Q1.
Strs Ohio has invested 0% of its portfolio in Genesco Inc. (NYSE:GCO). Moreover, California Pub Employees Retirement Sys has 0.01% invested in Genesco Inc. (NYSE:GCO) for 102,057 shares. Allianz Asset Mngmt Ag reported 5,931 shares or 0% of all its holdings. Ny State Common Retirement Fund accumulated 45,773 shares or 0% of the stock. Blackrock Japan accumulated 0% or 251 shares. Snow L P accumulated 60,145 shares or 0.18% of the stock. Pacad Ltd holds 3,803 shares or 0.03% of its portfolio. M&T Commercial Bank reported 4,665 shares or 0% of all its holdings. Friess Associates Limited Liability Corporation accumulated 0.72% or 109,700 shares. Blackrock Institutional Tru Co Na holds 562,404 shares or 0.01% of its portfolio. Victory Cap Management accumulated 1,071 shares or 0% of the stock. Macquarie Grp Incorporated Limited owns 264,197 shares or 0.03% of their US portfolio. Thrivent Finance For Lutherans accumulated 0% or 10,150 shares. Proshare Advsr Lc reported 3,181 shares or 0% of all its holdings. Hsbc Hldgs Plc holds 0% of its portfolio in Genesco Inc. (NYSE:GCO) for 7,409 shares.

Insider Transactions: Since June 8, 2016, the stock had 4 insider buys, and 1 insider sale for $475,754 net activity. Dennis Robert J sold $1.09M worth of stock. BAXTER DAVID also bought $256,701 worth of Genesco Inc. (NYSE:GCO) shares. 1,000 shares were bought by McDermott Kevin Patrick, worth $51,390. The insider TEHLE DAVID M bought 4,100 shares worth $199,520. The insider BERRY LEONARD L bought $102,676.

More news for Genesco Inc. (NYSE:GCO) were recently published by: Fool.com, which released: “Why Shares of Genesco Inc. Tumbled Today” on September 01, 2016. Prnewswire.com‘s article titled: “BSN SPORTS Acquires Lids Team Sports From Genesco Inc.” and published on January 19, 2016 is yet another important article.

GCO Company Profile

Genesco Inc., incorporated on October 19, 1934, is a retailer and wholesaler of footwear, apparel and accessories. The Firm operates in five divisions: Journeys Group, Schuh Group, Lids Sports Group, Johnston & Murphy Group and Licensed Brands. The Firm relies on independent third-party manufacturers for production of its footwear products sold at wholesale. The Firm sources footwear and accessory products from foreign manufacturers located in Bangladesh, Brazil, Cambodia, Canada, China, Dominican Republic, El Salvador, France, Germany, Hong Kong, India, Indonesia, Italy, Mexico, the Netherlands, Portugal, Peru, Romania, Taiwan and Vietnam. The Firm operates approximately 2,850 retail footwear, headwear and sports apparel and accessory stores and leased departments located primarily throughout the United States and in Puerto Rico, including over 150 headwear and sports apparel and accessory stores and approximately 80 footwear stores in Canada and over 120 footwear stores in the United Kingdom, the Republic of Ireland and Germany.

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