Genesco Stock Hits New 52-Week High (GCO)

NEW YORK ( TheStreet) -- Genesco (NYSE: GCO) hit a new 52-week high Tuesday as it is currently trading at $75.56, above its previous 52-week high of $75.55 with 182,582 shares traded as of 1:20 p.m. ET. Average volume has been 292,400 shares over the past 30 days.

Genesco has a market cap of $1.79 billion and is part of the services sector and retail industry. Shares are up 18.5% year to date as of the close of trading on Monday.

Genesco Inc. engages in the retail and wholesale of branded footwear, apparel, and accessories. The company's Journeys Group segment operates the Journeys, Journeys Kidz, and Shi by Journeys retail stores; and engages in catalog and e-commerce operations. The company has a P/E ratio of 20.8, below the average retail industry P/E ratio of 21.3 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, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Genesco Ratings Report.

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