Genesco (GCO) Stock Forecast, Price & News

1 Wall Street 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 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 34.6% and is now trading at $30.1150.
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Genesco saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 633,900 shares, an increase of 40.2% from the August 15th total of 452,200 shares. Based on an average daily volume of 322,100 shares, the days-to-cover ratio is presently 2.0 days. Approximately 5.9% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Friday, December 1st 2023.
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Genesco Inc. (NYSE:GCO) released its quarterly earnings data on Thursday, August, 31st. The company reported ($0.85) EPS for the quarter, beating analysts' consensus estimates of ($1.23) by $0.38. The firm earned $523 million during the quarter, compared to analyst estimates of $497.25 million. Genesco had a trailing twelve-month return on equity of 5.11% and a net margin of 0.38%. The company's revenue was down 2.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.59 EPS.

Genesco updated 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 EPS 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."

Genesco's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.17%), Alliancebernstein L.P. (6.30%), Dimensional Fund Advisors LP (5.79%), Marshall Wace LLP (2.35%), State Street Corp (2.24%) and LSV Asset Management (2.21%). Insiders that own company stock include Daniel E Ewoldsen, Gregory A Sandfort, Kathleen Mason, Marty G Dickens, Mimi Eckel Vaughn, Thomas George and Thurgood Marshall Jr.
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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 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 $30.12.

Genesco (NYSE:GCO) has a market capitalization of $378.24 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.