NEW YORK (

TheStreet

) -- Shares of

Genesco

(NYSE:

GCO

) were gapping up Thursday morning with an open price 15% higher than Wednesday's closing price. The stock closed at $41.28 Wednesday and opened today's trading at $47.46.

The average volume for Genesco has been 251,600 shares per day over the past 30 days. Genesco has a market cap of $981.9 million and is part of the

services

sector and

retail

industry.

Genesco Inc. engages in the retail of branded footwear, licensed and branded headwear, and licensed sports apparel and accessories; and the wholesale of branded footwear primarily in the United States.

TheStreet Recommends

TheStreet Ratings rates Genesco as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full

Genesco Ratings Report

.

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