Genesco Inc. (NYSE: GCO) has reported E.P.S. of $-2.22 for its first fiscal quarter (ending April 30) versus $-1.60 for the same period a year ago. E.P.S. were $-2.55 for the latest four quarters through April 30 versus $3.97 for the same period a year ago.
Recent Price Action
Genesco Inc. (NYSE: GCO) stock closed at $28.50 on 5/31/24 after a large increase of 4.4%. Moreover, trading volume in this advance was exceptionally high at 540% of normal. The stock has risen 9.1% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, GCO is expected to be Value Creation neutral.
Genesco has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Genesco has a good Appreciation Score of 77 but a poor Power Rating of 23, leading to the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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