Genesco - GCO Stock Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Genesco in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" GCO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GCO, but not buy additional shares or sell existing shares.
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Genesco's stock was trading at $46.02 at the beginning of the year. Since then, GCO shares have increased by 3.8% and is now trading at $47.76.
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Genesco saw a increase in short interest in the month of January. As of January 15th, there was short interest totaling 754,900 shares, an increase of 8.9% from the December 31st total of 693,500 shares. Based on an average daily volume of 145,000 shares, the days-to-cover ratio is currently 5.2 days. Approximately 6.4% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, March 9th 2023.
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Genesco Inc. (NYSE:GCO) issued its quarterly earnings data on Friday, December, 2nd. The company reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.08. The company had revenue of $603.79 million for the quarter, compared to the consensus estimate of $590.23 million. Genesco had a net margin of 3.98% and a trailing twelve-month return on equity of 14.34%.

Genesco issued an update on its FY 2023 earnings guidance on Sunday, January, 1st. The company provided earnings per share guidance of $5.50-$5.90 for the period, compared to the consensus earnings per share estimate of $6.44. The company issued revenue guidance of $2.37 billion-$2.40 billion, compared to the consensus revenue estimate of $2.38 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 New York State Teachers Retirement System (0.21%), SummerHaven Investment Management LLC (0.12%), State of Alaska Department of Revenue (0.07%), Yousif Capital Management LLC (0.06%), Comerica Bank (0.06%) and Louisiana State Employees Retirement System (0.05%). Insiders that own company stock include Daniel E Ewoldsen, Kathleen Mason, Marty G Dickens, 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 $47.76.

Genesco (NYSE:GCO) has a market capitalization of $602.25 million and generates $2.42 billion in revenue each year. The company earns $114.85 million in net income (profit) each year or $7.02 on an earnings per share basis.

The company employs 18,000 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.