Genesco (GCO) Stock Price, News & Analysis

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Genesco in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" GCO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GCO, but not buy additional shares or sell existing shares.
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1 Wall Street research analysts have issued twelve-month price objectives for Genesco's stock. Their GCO share price targets range from $31.00 to $31.00. On average, they anticipate the company's share price to reach $31.00 in the next twelve months. This suggests a possible upside of 16.4% from the stock's current price.
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Genesco's stock was trading at $35.21 at the beginning of 2024. Since then, GCO shares have decreased by 24.4% and is now trading at $26.63.
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Genesco saw a decline in short interest in April. As of April 30th, there was short interest totaling 715,600 shares, a decline of 5.2% from the April 15th total of 754,500 shares. Based on an average trading volume of 119,500 shares, the days-to-cover ratio is presently 6.0 days. Currently, 6.8% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 23rd 2024.
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Genesco Inc. (NYSE:GCO) posted its quarterly earnings data on Friday, March, 8th. The company reported $2.59 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.66 by $0.07. The business had revenue of $739 million for the quarter, compared to the consensus estimate of $705.66 million. Genesco had a negative net margin of 0.72% and a positive trailing twelve-month return on equity of 1.15%. The business's revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.06 earnings per share.

Genesco updated its FY 2025 earnings guidance on Friday, March, 8th. The company provided earnings per share (EPS) guidance of 0.600-1.000 for the period, compared to the consensus estimate of 2.530. The company issued revenue guidance of $2.3 billion-$2.3 billion, compared to the consensus revenue estimate of $2.3 billion.

8 employees have rated Genesco Chief Executive Officer Mimi Vaughn on Glassdoor.com. Mimi Vaughn has an approval rating of 70% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Genesco investors own include Xtrackers California Municipal Bond ETF (CA), BlackRock (BLK), Endologix (ELGX), Intelsat (I), Ciena (CIEN), Chipotle Mexican Grill (CMG), Transocean (RIG), Bank of America (BAC), Micron Technology (MU) and Workday (WDAY).

Genesco's stock is owned by a number of retail and institutional investors. Top institutional investors include Pzena Investment Management LLC (6.48%), LSV Asset Management (2.22%), GSA Capital Partners LLP (0.35%), BNP Paribas Financial Markets (0.32%), Empowered Funds LLC (0.27%) and Susquehanna Portfolio Strategies LLC (0.15%). Insiders that own company stock include Daniel E Ewoldsen, Gregory A Sandfort, Kathleen Mason, Mimi Eckel Vaughn and Thomas George.
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Shares of GCO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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