Genesco Stock Forecast, Price & News

Genesco's stock was trading at $24.11 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, GCO shares have decreased by 5.8% and is now trading at $22.71.
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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, December 4th 2020.
View our earnings forecast for Genesco.

Genesco Inc. (NYSE:GCO) posted its earnings results on Thursday, September, 3rd. The company reported ($1.23) earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of ($1.85) by $0.62. The business had revenue of $391.20 million for the quarter, compared to analyst estimates of $369.29 million. Genesco had a negative return on equity of 1.02% and a negative net margin of 5.27%. The firm's revenue was down 19.6% on a year-over-year basis. During the same period last year, the company posted $0.15 earnings per share.
View Genesco's earnings history.

Genesco announced that its board has approved a stock buyback plan on Friday, May 3rd 2019, which authorizes the company to repurchase $100,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 11.7% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's management believes its shares are undervalued.

4 brokers 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 stock price to reach $37.00 in the next year. This suggests a possible upside of 62.9% from the stock's current price.
View analysts' price targets for Genesco.

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), Abercrombie & Fitch (ANF), Guess? (GES), Zumiez (ZUMZ), Shoe Carnival (SCVL), Childrens Place (PLCE), Designer Brands (DBI), 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), Endologix (ELGX), Chipotle Mexican Grill (CMG), Intelsat (I), Micron Technology (MU), Transocean (RIG), Bank of America (BAC), Ciena (CIEN) and Workday (WDAY).

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 Vanguard Group Inc. (10.59%), FMR LLC (8.18%), FMR LLC (8.18%), LSV Asset Management (3.54%), Charles Schwab Investment Management Inc. (2.88%) and Prudential Financial Inc. (1.33%). 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 Vanguard Group Inc., Prudential Financial Inc., Bank of America Corp DE, Man Group plc, Robeco Institutional Asset Management B.V., State of Tennessee Treasury Department, Bridgeway Capital Management Inc., and Bank of New York Mellon Corp. 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 FMR LLC, FMR LLC, Grantham Mayo Van Otterloo & Co. LLC, SG Americas Securities LLC, Balyasny Asset Management LLC, Virtu Financial LLC, Foundry Partners LLC, and UBS Group AG.
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 $22.71.

Genesco has a market capitalization of $340.51 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]