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GCO

Genesco

$39.70

1 (2.58%)

08:04
02/27/18
02/27
08:04
02/27/18
08:04

Legion Partners and 4010 Partners call on Genesco to consider 'dramatic change'

Legion Partners, LLC and 4010 Partners, LP released a letter calling on the Board of Directors of Genesco, Inc to implement a series of immediate reforms and explore strategic alternatives. Together, Legion and 4010 own more than 5% of the specialty retailer's outstanding shares. The activist investors claim Genesco - whose brands include Johnston & Murphy, Lids, Schuh and Journeys - underperform its peer group and that "good-faith efforts to work constructively with the company to find a better solution for shareholders have not been taken seriously." "Dramatic change is required at Genesco," said Legion Managing Director Christopher S. Kiper. "Genesco's return on invested capital has declined from 15% in FY2013 to 6% in the most recent 12-month period. Despite the precipitous deterioration in returns and underperformance of the company's stock price, we have seen little willingness to re-think the status quo under current leadership." Specifically, Legion and 4010 believe the Genesco board should: 1) Expand its strategic review to complete an objective evaluation of all strategic alternatives; 2) Perform a comprehensive operational review; 3)Reform its corporate governance and implement changes to long-term incentive plans to better align management with shareholders.

GCO Genesco
$39.70

1 (2.58%)

08/28/17
SUSQ
08/28/17
DOWNGRADE
SUSQ
Neutral
Genesco downgraded to Neutral from Positive at Susquehanna
01/02/18
JEFF
01/02/18
UPGRADE
Target $40
JEFF
Buy
Genesco upgraded to Buy from Hold at Jefferies
Jefferies analyst Randal Konik upgraded Genesco to Buy and raised his price target for the shares to $40 from $27. With the stock near trough multiples and well below the peer group, the market is underappreciating the potential earnings power of the Journeys segment, Konik tells investors in a research note. He believes market fears over the company's real estate exposure are overblown.
01/09/18
RHCO
01/09/18
NO CHANGE
Target $39
RHCO
Buy
Genesco price target raised to $39 from $33 at SunTrust
SunTrust analyst Pamela Quintiliano raised her price target on Genesco to $39 after her meeting with the management suggested that the company has the ability to preserve momentum in its Journeys business and improve operations at Lids. The analyst says Journeys is "in the early stages of a multi-quarter broad based athletic cycle", and Lids' 2018 will be better after the business was impacted by several one-time factors last year. Quintiliano keeps her Buy rating on Genesco.
01/25/18
PIVT
01/25/18
INITIATION
Target $44
PIVT
Buy
Genesco initiated with a Buy at Pivotal Research
Pivotal Research analyst Mitch Kummetz initiated Genesco with a Buy rating and a price target of $44. Kummetz notes that the company can recover some of its gross margins that were hurt by promotional activity with better full-price selling as well as improvements on rent, salaries, and shipping carrier switching costs.

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FNWB

First Northwest Bancorp

$16.11

0.36 (2.29%)

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FCX

Freeport McMoRan

$15.75

-0.05 (-0.32%)

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Freeport McMoRan CAO Michael Arnold to retire »

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XLE

Energy Select Sector SPDR

$74.87

-0.24 (-0.32%)

, XLU

Utilities SPDR

$52.28

-0.39 (-0.74%)

17:39
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General news
Week ending ETF Scorecard: Financials lead, Energy slumps »

S&P500 SECTORS:…

XLE

Energy Select Sector SPDR

$74.87

-0.24 (-0.32%)

XLU

Utilities SPDR

$52.28

-0.39 (-0.74%)

IYR

DJ US Real Estate Index Fund

$80.23

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XLP

Consumer Staples Sector SPDR

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XLY

Consumer Discretionary Sector SPDR

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XLB

S&P Select Materials SPDR

$58.31

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XLF

Financial Select Sector

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Health Care Select Sector SPDR

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XLK

Technology Select Sector SPDR

$72.55

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Industrial Select Sector SPDR

$74.44

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GLD

SPDR Gold Trust

$116.56

0.74 (0.64%)

SLV

iShares Silver Trust

$14.59

0.18 (1.25%)

USO

United States Oil Fund

$14.15

0.025 (0.18%)

UNG

United States Natural Gas Fund

$22.38

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HYG

iShares iBoxx $ High Yield Corporate Bond

$85.62

0.03 (0.04%)

LQD

iShares iBoxx $ Investment Grade Corporate Bond

$115.27

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TLT

iShares 20+ Year Treasury Bond Fund

$120.78

-1.46 (-1.19%)

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iShares 7-10 Year Treasury Bond ETF

$102.21

-0.35 (-0.34%)

SHY

iShares 1-3 Year Treasury Bond

$83.26

-0.005 (-0.01%)

IWD

iShares Russell 1000 Value

$123.07

-0.2897 (-0.23%)

IWF

iShares Russell 1000 Growth

$149.41

-0.04 (-0.03%)

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XRX

Xerox

$25.10

-0.095 (-0.38%)

, FUJIY

Fujifilm

$0.00

(0.00%)

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Xerox

$25.10

-0.095 (-0.38%)

FUJIY

Fujifilm

$0.00

(0.00%)

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  • 26

    Jul

STON

StoneMor Partners

$3.61

-0.015 (-0.41%)

17:15
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Breaking Hot Stocks news story on StoneMor Partners »

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TEF

Telefonica

$8.70

0.07 (0.81%)

17:11
07/20/18
07/20
17:11
07/20/18
17:11
Downgrade
Telefonica rating change at Goldman Sachs »

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SPY

SPDR S&P 500 ETF Trust

$279.71

-0.24 (-0.09%)

, USO

United States Oil Fund

$14.15

0.025 (0.18%)

17:04
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General news
Weekly CFTC Commitment of Traders highlights »

S&P500 net long 5.5K…

SPY

SPDR S&P 500 ETF Trust

$279.71

-0.24 (-0.09%)

USO

United States Oil Fund

$14.15

0.025 (0.18%)

GLD

SPDR Gold Trust

$116.56

0.74 (0.64%)

FXE

Euro Currency Trust

$112.46

0.83 (0.74%)

FXC

CurrencyShares Canadian Dollar Trust

$75.17

0.81 (1.09%)

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CZWI

Citizens Community Bancorp

$14.15

(0.00%)

17:02
07/20/18
07/20
17:02
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17:02
Syndicate
Breaking Syndicate news story on Citizens Community Bancorp »

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PKD

Parker Drilling

$0.30

-0.0044 (-1.46%)

17:01
07/20/18
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17:01
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17:01
Hot Stocks
Breaking Hot Stocks news story on Parker Drilling »

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  • 02

    Aug

RSLS

ReShape Lifesciences

$1.47

-0.02 (-1.34%)

17:00
07/20/18
07/20
17:00
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17:00
Hot Stocks
Breaking Hot Stocks news story on ReShape Lifesciences  »

Intracoastal Capital…

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BOX

Box

$26.13

-0.26 (-0.99%)

16:57
07/20/18
07/20
16:57
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16:57
Initiation
Box initiated at First Analysis »

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ALDX

Aldeyra

$7.95

-0.15 (-1.85%)

16:53
07/20/18
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Syndicate
Breaking Syndicate news story on Aldeyra »

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GLRE

Greenlight Capital Re

$14.00

-0.15 (-1.06%)

16:46
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16:46
Hot Stocks
Greenlight Capital Re announces departure of COO »

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RVI

Retail Value

$34.56

0.2 (0.58%)

16:38
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Breaking Hot Stocks news story on Retail Value »

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LECO

Lincoln Electric

$92.26

0.64 (0.70%)

, ROK

Rockwell Automation

$171.32

-0.71 (-0.41%)

16:35
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Lincoln Electric expands board to 11 directors, appoints Patrick Goris to board »

Lincoln Electric (LECO)…

LECO

Lincoln Electric

$92.26

0.64 (0.70%)

ROK

Rockwell Automation

$171.32

-0.71 (-0.41%)

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  • 23

    Jul

  • 25

    Jul

KMX

CarMax

$77.15

-0.57 (-0.73%)

16:33
07/20/18
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16:33
Hot Stocks
CarMax chairman sells 37,500 common shares »

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LOW

Lowe's

$100.65

-0.74 (-0.73%)

16:31
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Hot Stocks
Lowe's names Joseph McFarland as EVP of stores »

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16:30
07/20/18
07/20
16:30
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Options
Preliminary option volume of 20.2M today »

Preliminary option volume…

PFE

Pfizer

$37.33

-0.03 (-0.08%)

16:26
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FDA approves Pfizer's Biosimilar NIVESTYM for all indications »

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  • 22

    Aug

  • 10

    Sep

JCP

J.C. Penney

$2.50

-0.065 (-2.53%)

16:23
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J.C. Penney chief customer officer McFarland to leave company »

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VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

16:20
07/20/18
07/20
16:20
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Options
Closing CBOE SPX and VIX Index summary for July 20th »

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ASFI

Asta Funding

$3.15

-0.1 (-3.08%)

16:18
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Asta Funding receives Nasdaq non-compliance letter »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

16:17
07/20/18
07/20
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Technical Analysis
NASDAQ market internals summary »

Volume was average for…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

16:16
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Technical Analysis
NYSE market internals summary »

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DIS

Disney

16:15
07/20/18
07/20
16:15
07/20/18
16:15
Periodicals
Disney fires 'Guardians' director after controversial tweets, THR says »

Disney has fired James…

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  • 07

    Aug

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