NYSE:GCO - Genesco Stock Price, Forecast & News

Genesco trades on the New York Stock Exchange (NYSE) under the ticker symbol "GCO."

Genesco declared that its board has authorized a stock repurchase plan on Friday, May 3rd 2019, which authorizes the company to repurchase $100,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 11.7% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's management believes its stock is undervalued.

Genesco Inc. (NYSE:GCO) posted its earnings results on Friday, December, 6th. The company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.23. The company had revenue of $537.30 million for the quarter, compared to analysts' expectations of $540.64 million. Genesco had a positive return on equity of 10.98% and a negative net margin of 1.74%. Genesco's quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.95 EPS. View Genesco's Earnings History.

Genesco is scheduled to release their next quarterly earnings announcement on Thursday, March 12th 2020. View Earnings Estimates for Genesco.

Genesco updated its FY20 earnings guidance on Monday, January, 13th. The company provided EPS guidance of above $4.10-4.40 for the period, compared to the Thomson Reuters consensus estimate of $4.30.

4 brokerages have issued twelve-month price objectives for Genesco's shares. Their forecasts range from $52.00 to $58.00. On average, they anticipate Genesco's stock price to reach $55.00 in the next year. This suggests a possible upside of 25.8% from the stock's current price. View Analyst Price Targets for Genesco.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Genesco in the last year. There are currently 1 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Genesco.

Media coverage about GCO stock has been trending very negative on Thursday, InfoTrie Sentiment reports. The research firm rates the sentiment of news coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Genesco earned a news impact score of -3.6 on InfoTrie's scale. They also gave news articles about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View News Stories for Genesco.

Genesco saw a increase in short interest in the month of December. As of December 31st, there was short interest totalling 3,180,000 shares, an increase of 10.8% from the December 15th total of 2,870,000 shares. Based on an average daily volume of 308,300 shares, the short-interest ratio is presently 10.3 days. Approximately 23.0% of the company's stock are sold short. View Genesco's Current Options Chain.

Some companies that are related to Genesco include TJX Companies (TJX), Ross Stores (ROST), GAP (GPS), Foot Locker (FL), Urban Outfitters (URBN), American Eagle Outfitters (AEO), Guess? (GES), Buckle (BKE), Designer Brands (DBI), Abercrombie & Fitch (ANF), Childrens Place (PLCE), Caleres (CAL), Zumiez (ZUMZ), Shoe Carnival (SCVL) and Chico's FAS (CHS).

Based on aggregate information from My MarketBeat watchlists, some companies that other Genesco investors own include CA (CA), BlackRock (BLK), Endologix (ELGX), Bank of America (BAC), Intelsat (I), Chipotle Mexican Grill (CMG), Transocean (RIG), NIC (EGOV), Ciena (CIEN) and Continental Resources (CLR).

Genesco's stock is owned by many different of retail and institutional investors. Top institutional investors include Smith Graham & Co. Investment Advisors LP (1.09%), Campbell & CO Investment Adviser LLC (0.10%), State of Alaska Department of Revenue (0.07%), Wealthstreet Investment Advisors LLC (0.03%), Louisiana State Employees Retirement System (0.03%) and Huntington National Bank (0.03%). Company insiders that own Genesco stock include Daniel E Ewoldsen, Kathleen Mason, Mario Gallione, Marty G Dickens, Robert J Dennis and Thurgood Marshall Jr. View Institutional Ownership Trends for Genesco.

GCO stock was sold by a variety of institutional investors in the last quarter, including Smith Graham & Co. Investment Advisors LP, Wealthstreet Investment Advisors LLC, Campbell & CO Investment Adviser LLC, Huntington National Bank, Louisiana State Employees Retirement System and State of Alaska Department of Revenue. Company insiders that have sold Genesco company stock in the last year include Daniel E Ewoldsen, Kathleen Mason, Mario Gallione, Marty G Dickens, Robert J Dennis and Thurgood Marshall Jr. View Insider Buying and Selling for Genesco.

GCO stock was acquired by a variety of institutional investors in the last quarter, including Advisors Preferred LLC. View Insider Buying and Selling for Genesco.

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

One share of GCO stock can currently be purchased for approximately $43.72.

Genesco has a market capitalization of $642.68 million and generates $2.19 billion in revenue each year. The company earns $-51,930,000.00 in net income (profit) each year or $3.28 on an earnings per share basis. Genesco employs 21,000 workers across the globe.View Additional Information About Genesco.

The official website for Genesco is http://www.genesco.com/.

Genesco's mailing address is GENESCO PK 1415 MURFREESBORO RD, NASHVILLE TN, 37217. The company can be reached via phone at 615-367-7000 or via email at [email protected]