Genesco Inc (NYSE:GCO) Q2 2017 Institutional Investor Sentiment Steady

Olive Hawkins
November 12, 2017

SVU's SI was 2.68M shares in November as released by FINRA. The last close places the company's stock about $47.25 off its 52 week high of $72 and $3.85 above the 52 week low of $20.9. With 5,200 avg volume, 1 days are for PEN INCORPORATED (OTCMKTS:PENC)'s short sellers to cover PENC's short positions. The shares were purchased at an average price of $23.81 per share, for a total transaction of $595,250.00. Paychex, Inc. (NASDAQ:PAYX) has risen 11.22% since November 10, 2016 and is uptrending. It has underperformed by 5.48% the S&P500.

Sell-side analyst recommendations point to a short term price target of $26.5 on the shares of Genesco Inc. Zacks Investment Research's EPS averages are a mean average based on a survey of research firms that that provide coverage for Genesco. Genesco Inc. (NYSE:GCO) has declined 26.87% since November 12, 2016 and is downtrending. It has underperformed by 43.57% the S&P500. 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. It has a 28.16 P/E ratio.

Investors sentiment is 1.03 in Q2 2017. Its the same as in 2017Q1. Pinnacle Financial Partners Inc. bought a new position in shares of Genesco in the third quarter valued at approximately $226,000. The investment managers in our partner's database reported: 18.53 million shares, down from 20.31 million shares in 2017Q1. Old Natl Retail Bank In has 30,993 shares. Wedge Mngmt L L P Nc invested in 264,595 shares. Institutional investors own 94.05% of the company's stock. (NYSE:SVU) for 25,000 shares. Sei Invs Co holds 245 shares. Petrus Trust Lta accumulated 13,976 shares. Aqr Mngmt Limited accumulated 2.10M shares. Principal Financial Group owns 149,034 shares. Nikko Asset Management Americas has invested 0.15% in Paychex, Inc. Credit Agricole S A reported 145,324 shares or 0.03% of all its holdings. Old Second National Bank Of Aurora invested 1.01% in Paychex, Inc. Out of 4 Wall Street analysts rating Oclaro, 4 give it "Buy", 0 "Sell" rating, while 0 recommend "Hold". Therefore 11% are positive. Paychex had 33 analyst reports since August 14, 2015 according to SRatingsIntel. (NYSE:GCO) has "Buy" rating given on Monday, May 22 by B. Riley & Co. The rating was downgraded by Robert W. Baird to "Neutral" on Friday, September 2. The stock of Paychex, Inc. SunTrust has "Buy" rating and $33.0 target. The stock has "Positive" rating by Susquehanna on Thursday, November 3. The firm earned "Sell" rating on Wednesday, October 4 by Citigroup.

Analysts expect Genesco Inc. (NYSE:GCO) to report $1.15 EPS on December, 1.They anticipate $0.13 EPS change or 10.16% from last quarter's $1.28 EPS. GCO's profit would be $22.91 million giving it 5.49 P/E if the $1.15 EPS is correct. After $-0.10 actual EPS reported by Genesco Inc. for the previous quarter, Wall Street now forecasts -1,250.00% EPS growth.

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Robeco Institutional Asset Management decreased Becton Dickinson & Co (BDX) stake by 35.83% reported in 2017Q2 SEC filing. National Mutual Federation Of Agricultural Cooperatives stated it has 34,700 shares or 0.04% of all its holdings.

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Since June 1, 2017, it had 1 insider purchase, and 0 sales for $49,821 activity.

Genesco Inc. (NYSE:GCO) shares ended at $24.75 with 0.47 mln shares exchanging hands. The firm has a market capitalization of $476.07, a PE ratio of 7.05, a PEG ratio of 0.73 and a beta of 1.27.

Over the past five trading sessions shares of Archrock, Inc. 30 funds opened positions while 55 raised stakes. Gemmer Asset Management Ltd Limited Liability Company holds 0% or 877 shares in its portfolio. The legal version of this story can be accessed at https://weekherald.com/2017/11/11/1-15-earnings-per-share-expected-for-genesco-inc-gco-this-quarter.html. The Virginia-based Alexandria Capital Llc has invested 0.01% in the stock. Teacher Retirement System of Texas boosted its position in shares of Genesco by 6.1% in the second quarter. (GCO) shows a multiple bottoms pattern with $24.49 target or 3.00 % below today's $25.25 share price. Pnc Fincl Ser Group Inc Inc stated it has 175 shares or 0% of all its holdings. Nationwide Fund Advisors accumulated 30,977 shares. Vanguard Grp Inc holds 0% of its portfolio in Genesco Inc. (NYSE:GCO) for 1.71M shares. Bnp Paribas Arbitrage invested in 0% or 10,800 shares. Jpmorgan Chase invested 0% in Genesco Inc. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company's stock.

Ratings analysis reveals 100% of Oclaro's analysts are positive. Genesco has $74 highest and $23.0 lowest target. The stock now has a consensus rating of "Hold" and an average target price of $64.38. Finally, Susquehanna Bancshares Inc restated a "neutral" rating and set a $29.00 price target (down previously from $43.00) on shares of Genesco in a research note on Monday, August 28th. Also, Director David M. Tehle acquired 4,100 shares of the company's stock in a transaction that occurred on Friday, September 9th. Zacks upgraded the stock to "Strong Sell" rating in Tuesday, August 4 report. The company has market cap of $502.96 million. (NYSE:GCO) earned "Overweight" rating by Piper Jaffray on Wednesday, January 20. The rating was upgraded by Sterne Agee CRT to "Buy" on Tuesday, October 13. The rating was downgraded by CL King on Wednesday, October 19 to "Buy". Piper Jaffray has "Neutral" rating and $61 target. BidaskClub cut Genesco from a "sell" rating to a "strong sell" rating in a research report on Monday, August 14th.

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