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 authorized a share repurchase plan 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 repurchase up to 11.7% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board believes its shares are undervalued.

Genesco Inc. (NYSE:GCO) issued its quarterly earnings data on Friday, December, 6th. The company reported $1.33 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $1.10 by $0.23. The firm had revenue of $537.30 million for the quarter, compared to analyst estimates of $540.64 million. Genesco had a negative net margin of 1.74% and a positive return on equity of 10.98%. Genesco's quarterly revenue was down .5% on a year-over-year basis. During the same quarter last year, the company earned $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 EPS guidance of above $4.10-4.40 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.30.

3 analysts have issued 1-year price objectives for Genesco's shares. Their forecasts range from $52.00 to $58.00. On average, they anticipate Genesco's share price to reach $55.67 in the next twelve months. This suggests a possible upside of 29.0% from the stock's current price. View Analyst Price Targets for Genesco.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Genesco in the last year. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Genesco.

News headlines about GCO stock have trended positive on Sunday, according to InfoTrie. InfoTrie ranks the sentiment of media coverage by monitoring 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 five, with scores nearest to five being the most favorable. Genesco earned a news impact score of 3.0 on InfoTrie's scale. They also gave media coverage about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. 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 volume of 308,300 shares, the short-interest ratio is presently 10.3 days. Approximately 23.0% of the shares of the company 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), Abercrombie & Fitch (ANF), Designer Brands (DBI), 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), Micron Technology (MU) and Ciena (CIEN).

Genesco's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include State of Alaska Department of Revenue (0.07%), Louisiana State Employees Retirement System (0.03%) and Huntington National Bank (0.03%). 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 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.

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 $43.14.

Genesco has a market capitalization of $634.16 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]