NYSE:GCO - Genesco Stock Price, Forecast & News

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

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

Genesco Inc. (NYSE:GCO) announced its quarterly earnings data on Friday, December, 6th. The company reported $1.33 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.10 by $0.23. The company earned $537.30 million during the quarter, compared to analyst estimates of $540.64 million. The business's revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the previous year, the business 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 earnings per share estimate of $4.30.

4 analysts have issued 1-year target prices for Genesco's stock. Their forecasts range from $52.00 to $58.00. On average, they expect Genesco's stock price to reach $55.00 in the next twelve months. This suggests a possible upside of 41.8% 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 stories about GCO stock have trended somewhat positive this week, InfoTrie Sentiment reports. The research group identifies negative and positive media coverage by reviewing more than six thousand blog and news sources in real-time. 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 articles about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View News Stories for Genesco.

Genesco saw a increase in short interest in January. As of January 15th, there was short interest totalling 3,180,000 shares, an increase of 10.8% from the December 31st total of 2,870,000 shares. Based on an average daily volume of 305,800 shares, the short-interest ratio is presently 10.4 days. Currently, 23.0% of the shares of the company are short sold. View Genesco's Current Options Chain.

Some companies that are related to Genesco include Abercrombie & Fitch (ANF), Ascena Retail Group (ASNA), Destination Maternity (DEST), American Eagle Outfitters (AEO), bebe stores (BEBE), Buckle (BKE), Caleres (CAL), Cato (CATO), Chico's FAS (CHS), Childrens Place (PLCE), Citi Trends (CTRN), Designer Brands (DBI), Destination XL Group (DXLG), Express (EXPR) and Foot Locker (FL).

Based on aggregate information from My MarketBeat watchlists, some companies that other Genesco investors own include CA (CA), BlackRock (BLK), Endologix (ELGX), Intelsat (I), Bank of America (BAC), 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 investors include Goldman Sachs Group Inc. (4.71%), State Street Corp (3.85%), LSV Asset Management (3.38%), Eagle Asset Management Inc. (3.00%), Charles Schwab Investment Management Inc. (2.60%) and Prudential Financial Inc. (1.96%). 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 Eagle Asset Management Inc., State Street Corp, Smith Graham & Co. Investment Advisors LP, Bank of New York Mellon Corp, 361 Capital LLC, Sei Investments Co., Prudential Financial Inc. and Acadian Asset Management LLC. Company insiders that have sold Genesco company stock in the last year include Daniel E Ewoldsen, Kathleen Mason, Mario Gallione 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 Goldman Sachs Group Inc., LSV Asset Management, Public Sector Pension Investment Board, Marshall Wace LLP, Monarch Partners Asset Management LLC, Chicago Equity Partners LLC, Bank of Montreal Can and Foundry Partners 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 $38.80.