Genesco Stock Hits New 52-Week High (GCO)

NEW YORK ( TheStreet) -- Genesco (NYSE: GCO) hit a new 52-week high Thursday as it is currently trading at $77.45, above its previous 52-week high of $76.53 with 342,032 shares traded as of 3:20 p.m. ET. Average volume has been 285,400 shares over the past 30 days.

Genesco has a market cap of $1.77 billion and is part of the services sector and retail industry. Shares are up 20.2% year to date as of the close of trading on Wednesday.

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 21.1, equal to the average retail industry P/E ratio 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 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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