Could Genesco Inc (NYSE:GCO) Skyrocket? The Stock Had Too Little Sellers

Genesco Inc. (NYSE:GCO) Logo

Investors sentiment decreased to 1.26 in Q1 2019. Its down 0.27, from 1.53 in 2018Q4. It dived, as 18 investors sold Genesco Inc. shares while 55 reduced holdings. 25 funds opened positions while 67 raised stakes. 18.14 million shares or 9.24% less from 19.99 million shares in 2018Q4 were reported.
Gemmer Asset Mgmt Llc owns 0% invested in Genesco Inc. (NYSE:GCO) for 120 shares. Wedge Mgmt L L P Nc holds 0% or 6,835 shares in its portfolio. Deutsche Natl Bank Ag invested in 0% or 92,358 shares. 50,759 are owned by Bancshares Of Montreal Can. 140,590 were accumulated by Century Companies. Landscape Capital Limited Liability stated it has 0.32% in Genesco Inc. (NYSE:GCO). Moreover, Voya Invest Mgmt Llc has 0% invested in Genesco Inc. (NYSE:GCO) for 19,741 shares. Sterling Capital Lc holds 0.01% of its portfolio in Genesco Inc. (NYSE:GCO) for 21,998 shares. Millennium Mgmt Lc invested in 11,087 shares. 10,100 were reported by Highland Cap Ltd Partnership. Coatue Mngmt Limited Liability Company has invested 0.01% in Genesco Inc. (NYSE:GCO). Bessemer Group Inc Inc has invested 0% in Genesco Inc. (NYSE:GCO). Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Mngmt Corporation holds 18,000 shares or 0.01% of its portfolio. Hsbc Public Limited Com holds 0% of its portfolio in Genesco Inc. (NYSE:GCO) for 17,610 shares. Texas Permanent School Fund has 0.01% invested in Genesco Inc. (NYSE:GCO) for 13,711 shares.

The stock of Genesco Inc (NYSE:GCO) registered a decrease of 8.2% in short interest. GCO’s total short interest was 3.08M shares in August as published by FINRA. Its down 8.2% from 3.36M shares, reported previously. With 309,700 shares average volume, it will take short sellers 10 days to cover their GCO’s short positions. The short interest to Genesco Inc’s float is 16.05%.

The stock decreased 1.50% or $0.49 during the last trading session, reaching $32.24. About 418,663 shares traded or 32.57% up from the average. Genesco Inc. (NYSE:GCO) has declined 1.43% since August 16, 2018 and is downtrending. It has underperformed by 1.43% the S&P500.

Genesco Inc. retails and wholesales footwear, apparel, and accessories. The company has market cap of $525.09 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 3 analysts covering Genesco (NYSE:GCO), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 0 are positive. Genesco has $51 highest and $39 lowest target. $44.33’s average target is 37.50% above currents $32.24 stock price. Genesco had 4 analyst reports since March 7, 2019 according to SRatingsIntel. The stock of Genesco Inc. (NYSE:GCO) earned “Hold” rating by Macquarie Research on Friday, March 15. Susquehanna maintained it with “Hold” rating and $43 target in Thursday, March 14 report. The firm has “Hold” rating given on Monday, March 11 by Pivotal Research.

More notable recent Genesco Inc. (NYSE:GCO) news were published by: Investorplace.com which released: “7 Retail Stocks to Buy That Are Down in 2019 – Investorplace.com” on July 03, 2019, also Seekingalpha.com with their article: “The Genesco Trade Could Be Over – Seeking Alpha” published on October 02, 2018, Seekingalpha.com published: “Genesco Q4 2019 Earnings Preview – Seeking Alpha” on March 13, 2019. More interesting news about Genesco Inc. (NYSE:GCO) were released by: Finance.Yahoo.com and their article: “How Financially Strong Is ServiceMaster Global Holdings, Inc. (NYSE:SERV)? – Yahoo Finance” published on June 12, 2019 as well as Benzinga.com‘s news article titled: “Stocks That Hit 52-Week Lows On Wednesday – Benzinga” with publication date: August 14, 2019.

Genesco Inc. (NYSE:GCO) Institutional Positions Chart

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