NYSE:GCO - Genesco Stock Price, Forecast & News

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

Genesco announced that its board has authorized a stock buyback 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 buy up to 11.7% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's board believes its shares are undervalued.

Genesco Inc. (NYSE:GCO) released its quarterly earnings data on Friday, December, 6th. The company reported $1.33 earnings per share for the quarter, topping analysts' consensus estimates of $1.10 by $0.23. The business earned $537.30 million during the quarter, compared to the consensus estimate of $540.64 million. Genesco had a positive return on equity of 10.98% and a negative net margin of 1.74%. Genesco's revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.95 earnings per share. View Genesco's Earnings History.

Genesco is scheduled to release their next quarterly earnings announcement on Thursday, March 12th 2020. View Earnings Estimates for Genesco.

Genesco updated its FY20 earnings guidance on Monday, January, 13th. The company provided earnings per share (EPS) guidance of above $4.10-4.40 for the period, compared to the Thomson Reuters consensus estimate of $4.30.

4 brokers have issued 1-year target prices for Genesco's shares. Their forecasts range from $52.00 to $58.00. On average, they anticipate Genesco's stock price to reach $55.00 in the next year. This suggests a possible upside of 24.0% from the stock's current price. View Analyst Price Targets for Genesco.

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.

Media headlines about GCO stock have been trending somewhat positive recently, according to InfoTrie. The research group identifies negative and positive press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Genesco earned a media sentiment score of 2.0 on InfoTrie's scale. They also assigned news coverage about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the next several days. View News Stories for Genesco.

Genesco saw a increase in short interest in December. As of December 31st, there was short interest totalling 3,180,000 shares, an increase of 10.8% from the December 15th total of 2,870,000 shares. Based on an average daily trading volume, of 308,300 shares, the days-to-cover ratio is presently 10.3 days. Approximately 23.0% of the shares of the stock 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), Urban Outfitters (URBN), American Eagle Outfitters (AEO), Guess? (GES), Buckle (BKE), Designer Brands (DBI), Abercrombie & Fitch (ANF), Childrens Place (PLCE), Zumiez (ZUMZ), Caleres (CAL), Shoe Carnival (SCVL) and Chico's FAS (CHS).

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

Genesco's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Smith Graham & Co. Investment Advisors LP (1.09%), State of Alaska Department of Revenue (0.07%), Wealthstreet Investment Advisors LLC (0.03%), Louisiana State Employees Retirement System (0.03%), Huntington National Bank (0.03%) and Advisors Preferred LLC (0.01%). 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 sold by a variety of institutional investors in the last quarter, including Smith Graham & Co. Investment Advisors LP, Wealthstreet Investment Advisors LLC, Huntington National Bank, Louisiana State Employees Retirement System and State of Alaska Department of Revenue. Company insiders that have sold Genesco company stock in the last year include Daniel E Ewoldsen, Kathleen Mason, Mario Gallione, Marty G Dickens, Robert J Dennis and Thurgood Marshall Jr. View Insider Buying and Selling for Genesco.

GCO stock was purchased by a variety of institutional investors in the last quarter, including Advisors Preferred LLC. View Insider Buying and Selling 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 $44.35.

Genesco has a market capitalization of $651.95 million and generates $2.19 billion in revenue each year. The company earns $-51,930,000.00 in net income (profit) each year or $3.28 on an earnings per share basis. Genesco employs 21,000 workers across the globe.View Additional Information About Genesco.

The official website for Genesco is http://www.genesco.com/.

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