Genesco (GCO) Stock Forecast, Price & News

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Genesco in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" GCO shares.
View GCO analyst ratings or view top-rated stocks.

Genesco's stock was trading at $46.02 on January 1st, 2023. Since then, GCO shares have decreased by 37.4% and is now trading at $28.81.
View the best growth stocks for 2023 here.

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. Currently, 5.9% of the shares of the stock are sold short.
View Genesco's Short Interest.

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) posted its quarterly earnings results on Thursday, August, 31st. The company reported ($0.85) EPS for the quarter, beating analysts' consensus estimates of ($1.23) by $0.38. The company had revenue of $523 million for the quarter, compared to analyst estimates of $497.25 million. Genesco had a net margin of 0.38% and a trailing twelve-month return on equity of 5.11%. The business'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 EPS.

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."

Genesco's stock is owned by a variety of retail and institutional investors. Top institutional investors 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.
View institutional ownership trends.

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.
Compare Top Brokerages Here.

One share of GCO stock can currently be purchased for approximately $28.81.

Genesco (NYSE:GCO) has a market capitalization of $361.85 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.