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 24.6% and is now trading at $18.17.
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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) posted its earnings results 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 business earned $279.20 million during the quarter, compared to analysts' expectations 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 revenue for the quarter was down 43.7% compared to the same quarter last year. During the same period last year, the business earned $0.36 earnings per share.
View Genesco's earnings history.

Genesco declared that its Board of Directors has approved a stock buyback program on Friday, May 3rd 2019, which authorizes the company to buyback $100,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 11.7% of its stock through open market purchases. Stock buyback programs are often a sign that the company's leadership believes its stock is undervalued.

4 analysts have issued 12-month target prices for Genesco's stock. Their forecasts range from $26.00 to $53.00. On average, they anticipate Genesco's share price to reach $35.75 in the next year. This suggests a possible upside of 96.8% from the stock's current price.
View analysts' price targets for Genesco.

Media stories about GCO stock have been trending somewhat negative recently, according to InfoTrie. The research firm scores the sentiment of news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of 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 -1.9 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 increase in short interest during the month of July. As of July 31st, there was short interest totaling 2,120,000 shares, an increase of 11.0% from the July 15th total of 1,910,000 shares. Based on an average daily trading volume, of 386,400 shares, the short-interest ratio is currently 5.5 days. Currently, 15.4% of the shares of the stock are short sold.
View Genesco's Short Interest.

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), Buckle (BKE), Guess? (GES), Abercrombie & Fitch (ANF), Zumiez (ZUMZ), Designer Brands (DBI), Childrens Place (PLCE), Shoe Carnival (SCVL), Caleres (CAL) and Citi Trends (CTRN).
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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 a number of institutional and retail investors. Top institutional investors include LSV Asset Management (3.54%), Smith Graham & Co. Investment Advisors LP (1.27%), Foundry Partners LLC (1.18%), Principal Financial Group Inc. (0.71%), Robeco Institutional Asset Management B.V. (0.64%) and SG Americas Securities LLC (0.55%). 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 Robeco Institutional Asset Management B.V., LSV Asset Management, Principal Financial Group Inc., Nisa Investment Advisors LLC, New York State Teachers Retirement System, Pacer Advisors Inc., and Texas Permanent School Fund. Company insiders that have sold Genesco company stock in the last year include Daniel E Ewoldsen, and Kathleen Mason.
View insider buying and selling activity for Genesco.

GCO stock was acquired by a variety of institutional investors in the last quarter, including SG Americas Securities LLC, Virtu Financial LLC, Foundry Partners LLC, UBS Group AG, Exchange Traded Concepts LLC, Wedge Capital Management L L P NC, Smith Graham & Co. Investment Advisors LP, and Pinnacle Financial Partners Inc..
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 $18.17.

Genesco has a market capitalization of $266.77 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]