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Genesco (GCO) Shows Strength: Stock Moves 9.1% Higher
Genesco Inc. (GCO - Free Report) was a big mover last session, as its shares rose over 9% on the day. The upside followed the announcement of the company's better-than-expected earnings for the first quarter of fiscal 2017. This reverses the recent downtrend for the company as the stock is now down almost 10% in the past one-month time frame.
Over the last 30 days, the company witnessed one negative estimate revision while the Zacks Consensus Estimate remained unchanged. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Genesco Inc. currently has a Zacks Rank #3 (Hold).
A better-ranked retail-apparel/shoes stock is The Children's Place, Inc. (PLCE - Free Report) which sports a Zacks Rank #1 (Strong Buy).
Is GCO going up? Or down? Predict to see what others think: Up or Down
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