Genesco - GCO Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Genesco in the last twelve months. There are currently 2 hold ratings for the stock. The consensus among Wall Street 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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2 brokers have issued 1 year price objectives for Genesco's stock. Their GCO share price forecasts range from $64.00 to $64.00. On average, they anticipate the company's share price to reach $64.00 in the next twelve months. This suggests a possible upside of 52.5% from the stock's current price.
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Genesco's stock was trading at $64.17 at the start of the year. Since then, GCO shares have decreased by 34.6% and is now trading at $41.98.
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The company is scheduled to release its next quarterly earnings announcement on Friday, December 2nd 2022.
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Genesco Inc. (NYSE:GCO) released its earnings results on Thursday, September, 1st. The company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.26 by $0.33. The firm had revenue of $535.30 million for the quarter, compared to analysts' expectations of $539.89 million. Genesco had a trailing twelve-month return on equity of 16.53% and a net margin of 4.51%. The company's quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter last year, the business posted $1.05 earnings per share.

Genesco updated its FY 2023 earnings guidance on Thursday, September, 29th. The company provided earnings per share guidance of $6.25-$7.00 for the period, compared to the consensus estimate of $7.35. The company issued revenue guidance of $2.35 billion-$2.42 billion, compared to the consensus revenue estimate of $2.44 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."

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 $41.98.

Genesco (NYSE:GCO) has a market capitalization of $548.68 million and generates $2.42 billion in revenue each year. The company earns $114.85 million in net income (profit) each year or $7.62 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.