U.S. Markets closed

Genesco (GCO) Catches Eye: Stock Jumps 11.7%

Zacks Equity Research

Genesco Inc. GCO was a big mover last session, as the company saw its shares rise nearly 12% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $40.26–$46.46 in the past one-month time frame, witnessed a sharp increase on Friday.

The move came after the company reported solid first-quarter fiscal 2020 results.

The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Genesco currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Genesco Inc. Price

Genesco Inc. Price

Genesco Inc. price | Genesco Inc. Quote

Investors interested in the Retail - Apparel and Shoes industry may consider a better-ranked stock like DSW Inc. DBI, which carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
 
Is GCO going up? Or down? Predict to see what others think:Up or Down

Will you retire a millionaire?

One out of every six people retires a multimillionaire. Get smart tips you can do today to become one of them in a new Special Report, “7 Things You Can Do Now to Retire a Multimillionaire.”

Click to get it free >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Genesco Inc. (GCO) : Free Stock Analysis Report
 
DSW Inc. (DBI) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.