NYSE:GCO

Genesco - GCO Stock Forecast, Price & News

$64.29

+1.25 (+1.98%)

(As of 08/12/2022 12:00 AM ET)

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Today's Range: $63.03
▼
$64.32
50-Day Range: $49.32
▼
$63.04
52-Week Range: $48.54
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$73.72

Volume: 91,563 shs
Average Volume: 195,277 shs
Market Capitalization: $882.64 million

P/E Ratio: 8.26
Dividend Yield: N/A
Price Target: $69.50

Genesco MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 8.1% Upside
$69.50 Price Target
Short Interest: Healthy
6.86% of Float Sold Short
Dividend Strength: N/A
Sustainability: -1.76
Upright™ Environmental Score
News Sentiment: 0.25
Based on 7 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 10.66%
From $7.41 to $8.20 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.86 out of 5 stars

Retail/Wholesale Sector

143rd out of 221 stocks

Shoe Stores Industry

4th out of 5 stocks

1.3

Analyst's Opinion

Consensus Rating
Genesco has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $69.50, Genesco has a forecasted upside of 8.1% from its current price of $64.29.
Amount of Analyst Coverage
Genesco has received no research coverage in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
6.86% of the float of Genesco has been sold short.
Short Interest Ratio / Days to Cover
Genesco has a short interest ratio ("days to cover") of 4.1.
Change versus previous month
Short interest in Genesco has recently decreased by 6.57%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Genesco does not currently pay a dividend.
Dividend Growth
Genesco does not have a long track record of dividend growth.

2.6

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Genesco has received a 16.73% net impact score from Upright. Genesco seems to create the most significant positive value in categories "Jobs", "Taxes", and "Meaning & joy". The positive contribution in the "Meaning & joy" impact category is driven by its "Physical retail of footwear at a shoestore", "Physical retail of luggage and bags at a clothing store", and "Physical retail of footwear at a clothing store" products. See details.
Environmental Sustainability
The Environmental Impact score for Genesco is -1.76.

2.4

News and Social Media Coverage

News Sentiment
Genesco has a news sentiment score of 0.25. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.40 average news sentiment score of Retail/Wholesale companies.
News Coverage This Week
MarketBeat has tracked 7 news articles for Genesco this week, compared to 3 articles on an average week.
MarketBeat Follows
4 people have added Genesco to their MarketBeat watchlist in the last 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Genesco insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 4.80% of the stock of Genesco is held by insiders.
Percentage Held by Institutions
93.60% of the stock of Genesco is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Genesco are expected to grow by 10.66% in the coming year, from $7.41 to $8.20 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Genesco is 8.26, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 130.75.
Price to Earnings Ratio vs. Sector
The P/E ratio of Genesco is 8.26, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 35.45.
Price to Book Value per Share Ratio
Genesco has a P/B Ratio of 1.56. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Genesco (NYSE:GCO) Stock

Genesco Inc. operates as a retailer and wholesaler of footwear, apparel, and accessories. The company operates through four segments: Journeys Group, Schuh Group, Johnston & Murphy Group, and Licensed Brands. The Journeys Group segment offers footwear and accessories through the Journeys, Journeys Kidz, and Little Burgundy retail chains, as well as through e-commerce and catalogs for young men, women, and children. The Schuh Group segment operates Schuh retail footwear stores that offer casual and athletic footwear, as well as sells footwear through e-commerce. The Johnston & Murphy Group segment is involved in the retail and e-commerce operations; and wholesale distribution of men's dress and casual footwear, apparel, and accessories, as well as women's footwear and accessories. The Licensed Brands segment markets footwear under the Levi's, Dockers, and G.H. Bass brands for men, women, and children, as well as designs and manufactures the STARTER and ETONIC brands footwear. As of January 29, 2022, the company operated approximately 1,425 retail stores in the United States, Puerto Rico, Canada, the United Kingdom, and the Republic of Ireland primarily under the Journeys, Journeys Kidz, Schuh, Little Burgundy, and Johnston & Murphy names. Its e-commerce websites include journeys.com, journeyskidz.com, journeys.ca, schuh.co.uk, schuh.ie, schuh.eu, johnstonmurphy.com, littleburgundyshoes.com, johnstonmurphy.ca, nashvilleshoewarehouse.com, and dockersshoes.com. Genesco Inc. was incorporated in 1924 and is headquartered in Nashville, Tennessee.

Analyst Ratings Changes

Separately, TheStreet lowered Genesco from a "b" rating to a "c+" rating in a research note on Thursday, May 26th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $69.50.

Genesco Price Performance

Shares of NYSE:GCO traded up $1.25 on Friday, hitting $64.29. The stock had a trading volume of 91,563 shares, compared to its average volume of 195,277. The firm's 50 day moving average price is $55.29 and its 200-day moving average price is $61.08. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.70 and a current ratio of 1.56. Genesco has a twelve month low of $48.54 and a twelve month high of $73.72. The company has a market capitalization of $882.64 million, a price-to-earnings ratio of 8.26 and a beta of 1.87.

Genesco (NYSE:GCO - Get Rating) last announced its quarterly earnings results on Thursday, May 26th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.53. The firm had revenue of $520.80 million during the quarter, compared to the consensus estimate of $521.05 million. Genesco had a net margin of 4.61% and a return on equity of 17.62%. The firm's quarterly revenue was down 3.3% on a year-over-year basis. During the same period last year, the firm posted $0.79 EPS. On average, equities research analysts predict that Genesco will post 7.41 earnings per share for the current year.

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GCO Stock News Headlines

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Analysts Set Genesco Inc. (NYSE:GCO) Target Price at $69.50

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5.4%of this Genesco Inc. (NYSE:GCO) insider's holdings were sold in the last year - Nasdaq

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