Genesco Reaches New 52-Week High (GCO)

NEW YORK ( TheStreet) -- Genesco (NYSE: GCO) hit a new 52-week high Wednesday as it is currently trading at $65.40, above its previous 52-week high of $64.98 with 7,719 shares traded as of 9:35 a.m. ET. Average volume has been 303,300 shares over the past 30 days.

Genesco has a market cap of $1.47 billion and is part of the services sector and retail industry. Shares are up 4.8% year to date as of the close of trading on Tuesday.

Genesco Inc. engages in the retail of footwear, headwear, and sports apparel and accessories; and the wholesale of footwear. Its Journeys Group segment operates the Journeys, Journeys Kidz, and Shi by Journeys retail footwear chains, as well as involves in catalog and e-commerce operations. The company has a P/E ratio of 20.8, above the average retail industry P/E ratio of 20.1 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Genesco as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, good cash flow from operations and solid stock price performance. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Genesco Ratings Report.

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