NYSE:GCOGenesco Stock Price, Forecast & News

Genesco's stock was trading at $24.11 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, GCO stock has decreased by 30.7% and is now trading at $16.72. 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) announced its quarterly earnings data on Tuesday, June, 9th. The company reported ($3.65) EPS for the quarter, missing the Zacks' consensus estimate of ($2.52) by $1.13. The business 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 business's quarterly revenue was down 43.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.36 earnings per share. View Genesco's earnings history.

Genesco announced that its board has initiated a share repurchase program on Friday, May 3rd 2019, which permits the company to repurchase $100,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 11.7% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's board of directors believes its shares are undervalued.

4 analysts have issued 1-year target prices for Genesco's shares. Their forecasts range from $26.00 to $53.00. On average, they anticipate Genesco's share price to reach $35.75 in the next twelve months. This suggests a possible upside of 113.8% from the stock's current price. View analysts' price targets for Genesco.

News stories about GCO stock have trended somewhat negative this week, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Genesco earned a coverage optimism score of -1.1 on InfoTrie's scale. They also gave press coverage about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View the latest news about Genesco.

Genesco saw a drop in short interest during the month of June. As of June 30th, there was short interest totaling 2,170,000 shares, a drop 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 presently 4.7 days. Currently, 15.5% of the shares of the company are sold short. 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 Cato (CATO). 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."

Genesco's stock is owned by many different retail and institutional investors. Top institutional investors include Wedge Capital Management L L P NC (0.06%). Company insiders that own Genesco stock include Daniel E Ewoldsen, Kathleen Mason, Mario Gallione, Marty G Dickens, Robert J Dennis and Thurgood Marshall Jr. View institutional ownership trends for Genesco.

GCO stock was acquired by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC. View insider buying and selling activity for Genesco.

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 $16.72.

Genesco has a market capitalization of $245.48 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]