NYSE:GCOGenesco Stock Price, Forecast & News

Genesco's stock was trading at $24.11 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, GCO shares have decreased by 12.7% and is now trading at $21.05. View which stocks have been most impacted by Coronavirus.

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.

Genesco is scheduled to release its next quarterly earnings announcement on Friday, September 4th 2020. View our earnings forecast for Genesco.

Genesco Inc. (NYSE:GCO) issued its quarterly earnings data on Tuesday, June, 9th. The company reported ($3.65) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($2.52) by $1.13. The firm had revenue of $279.20 million for the quarter, compared to analyst estimates of $306.47 million. Genesco had a negative net margin of 4.03% and a positive return on equity of 2.57%. The firm's revenue for the quarter was down 43.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.36 EPS. View Genesco's earnings history.

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

4 equities research analysts have issued 1-year price targets for Genesco's shares. Their forecasts range from $26.00 to $53.00. On average, they anticipate Genesco's stock price to reach $35.75 in the next twelve months. This suggests a possible upside of 69.8% from the stock's current price. View analysts' price targets for Genesco.

Press coverage about GCO stock has been trending negative on Monday, according to InfoTrie Sentiment. The research firm identifies positive and negative news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Genesco earned a media sentiment score of -2.1 on InfoTrie's scale. They also assigned media headlines 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 stock's share price in the immediate future. View the latest news about Genesco.

Genesco saw a decrease in short interest in the month of June. As of June 30th, there was short interest totaling 2,170,000 shares, a decrease of 13.2% from the June 15th total of 2,500,000 shares. Based on an average daily trading volume, of 459,900 shares, the days-to-cover ratio is currently 4.7 days. Approximately 15.5% of the shares of the stock are short sold. 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), American Eagle Outfitters (AEO), Urban Outfitters (URBN), Buckle (BKE), Zumiez (ZUMZ), Guess? (GES), Abercrombie & Fitch (ANF), Childrens Place (PLCE), Designer Brands (DBI), Shoe Carnival (SCVL), Caleres (CAL) and Citi Trends (CTRN). View all competitors.

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

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

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 $21.05.

Genesco has a market capitalization of $309.06 million and generates $2.20 billion in revenue each year. The company earns $61.38 million in net income (profit) each year or $4.58 on an earnings per share basis. Genesco employs 22,050 workers across the globe.

The official website for Genesco is www.genesco.com.

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