Does Genesco Incorporated (NYSE:GCO) Have Gas After Even Less Sellers Involved?

December 27, 2017 - By Migdalia James

 Does Genesco Incorporated (NYSE:GCO) Have Gas After Even Less Sellers Involved?

Investors sentiment increased to 1.13 in Q3 2017. Its up 0.03, from 1.1 in 2017Q2. It improved, as 26 investors sold Genesco Inc. shares while 34 reduced holdings. 18 funds opened positions while 50 raised stakes. 19.03 million shares or 2.66% more from 18.53 million shares in 2017Q2 were reported.
15,224 were reported by Interest Grp Incorporated. Legal General Grp Inc Public Limited Co has 50,995 shares. Hsbc Holding Public Limited stated it has 0% in Genesco Inc. (NYSE:GCO). Morgan Stanley holds 0% or 122,297 shares. Citadel Ltd Llc reported 278,847 shares. Royal Savings Bank Of Canada holds 0% or 1,993 shares in its portfolio. 3,421 are owned by Huntington State Bank. Us Bancorporation De holds 3,865 shares or 0% of its portfolio. Manitoba – Canada-based Great West Life Assurance Can has invested 0% in Genesco Inc. (NYSE:GCO). Numeric Limited Liability invested in 73,600 shares or 0.02% of the stock. Metropolitan Life Insurance holds 0% of its portfolio in Genesco Inc. (NYSE:GCO) for 12,897 shares. Cwm Limited Liability reported 21 shares or 0% of all its holdings. Citigroup holds 0% or 27,799 shares. Jacobs Levy Equity Mngmt invested in 0.07% or 131,314 shares. Ameriprise Fincl stated it has 0% of its portfolio in Genesco Inc. (NYSE:GCO).

The stock of Genesco Incorporated (NYSE:GCO) registered a decrease of 1.15% in short interest. GCO’s total short interest was 2.19 million shares in December as published by FINRA. Its down 1.15% from 2.22 million shares, reported previously. With 590,800 shares average volume, it will take short sellers 4 days to cover their GCO’s short positions. The short interest to Genesco Incorporated’s float is 11.62%.

The stock decreased 2.78% or $0.925 during the last trading session, reaching $32.325. About 232,720 shares traded. Genesco Inc. (NYSE:GCO) has declined 26.87% since December 27, 2016 and is downtrending. It has underperformed by 43.57% the S&P500.

Genesco Inc. retails and wholesales footwear, apparel, and accessories. The company has market cap of $643.69 million. The companyÂ’s Journeys Group segment offers footwear and accessories through the Journeys, Journeys Kidz, Shi by Journeys, Little Burgundy, and Underground by Journeys retail stores, as well as through e-commerce and catalogs for young men, women, and children. It currently has negative earnings. The Company’s Schuh Group segment operates Schuh retail footwear stores that offer casual and athletic footwear for men and women, as well as sells footwear through e-commerce.

Genesco Inc. (NYSE:GCO) Ratings Coverage

Among 13 analysts covering Genesco (NYSE:GCO), 4 have Buy rating, 1 Sell and 8 Hold. Therefore 31% are positive. Genesco had 37 analyst reports since July 24, 2015 according to SRatingsIntel. The stock of Genesco Inc. (NYSE:GCO) has “Strong Sell” rating given on Tuesday, August 4 by Zacks. The stock of Genesco Inc. (NYSE:GCO) has “Positive” rating given on Friday, September 16 by Susquehanna. As per Friday, July 24, the company rating was initiated by Macquarie Research. As per Wednesday, November 29, the company rating was maintained by Robert W. Baird. The rating was maintained by Piper Jaffray on Thursday, September 3 with “Neutral”. The firm has “Hold” rating given on Thursday, August 31 by Jefferies. On Friday, August 18 the stock rating was maintained by Jefferies with “Hold”. Piper Jaffray upgraded the shares of GCO in report on Thursday, April 20 to “Overweight” rating. The stock of Genesco Inc. (NYSE:GCO) earned “Hold” rating by Robert W. Baird on Friday, November 10. Piper Jaffray maintained the shares of GCO in report on Tuesday, November 28 with “Buy” rating.

More notable recent Genesco Inc. (NYSE:GCO) news were published by: Fool.com which released: “Why Genesco Stock Plummeted Friday” on December 01, 2017, also Prnewswire.com with their article: “Estepa Announces Retirement Plans” published on December 05, 2017, Seekingalpha.com published: “Genesco – A Cheap Takeover Target?” on December 18, 2017. More interesting news about Genesco Inc. (NYSE:GCO) were released by: Seekingalpha.com and their article: “Should Genesco Break Up?” published on December 04, 2017 as well as Nasdaq.com‘s news article titled: “Genesco Inc. Announces 23% Drop In Q3 Bottom Line” with publication date: December 01, 2017.

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