Genesco (GCO) Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Genesco in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" GCO shares.
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Genesco's stock was trading at $46.02 at the start of the year. Since then, GCO stock has decreased by 34.2% and is now trading at $30.27.
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Genesco saw a decline in short interest in the month of September. As of September 15th, there was short interest totaling 582,600 shares, a decline of 8.1% from the August 31st total of 633,900 shares. Based on an average daily volume of 239,200 shares, the days-to-cover ratio is presently 2.4 days. Currently, 5.4% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Friday, December 1st 2023.
View our GCO earnings forecast.

Genesco Inc. (NYSE:GCO) issued its earnings results on Thursday, August, 31st. The company reported ($0.85) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($1.23) by $0.38. The company had revenue of $523 million for the quarter, compared to the consensus estimate of $497.25 million. Genesco had a net margin of 0.38% and a trailing twelve-month return on equity of 5.11%. The firm's quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.59 earnings per share.

Genesco issued an update on its FY 2024 earnings guidance on Thursday, August, 31st. The company provided earnings per share (EPS) guidance of $2.00-$2.50 for the period, compared to the consensus estimate of $2.23. The company issued revenue guidance of $2.29 billion-$2.34 billion, compared to the consensus revenue estimate of $2.28 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 CA (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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "GCO."

Shares of GCO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of GCO stock can currently be purchased for approximately $30.27.

Genesco (NYSE:GCO) has a market capitalization of $380.19 million and generates $2.38 billion in revenue each year. The company earns $71.92 million in net income (profit) each year or $0.47 on an earnings per share basis.

The company employs 19,000 workers across the globe.

Genesco's mailing address is Genesco Park 1415 Murfreesboro Pike, NASHVILLE TN, 37217. The official website for the company is www.genesco.com. The company can be reached via phone at (615) 367-7000, via email at investorrelations@genesco.com, or via fax at 615-367-8579.