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. Since then, GCO stock has decreased by 16.3% and is now trading at $20.19.
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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."
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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) issued its quarterly earnings results on Thursday, September, 3rd. The company reported ($1.23) earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of ($1.85) by $0.62. The business had revenue of $391.20 million for the quarter, compared to analysts' expectations of $369.29 million. Genesco had a negative return on equity of 1.02% and a negative net margin of 5.27%. The company's quarterly revenue was down 19.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.15 earnings per share.
View Genesco's earnings history.

Genesco announced that its board has approved a stock repurchase plan 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 reacquire up to 11.7% of its shares through open market purchases. Shares buyback plans are often a sign that the company's board of directors believes its stock is undervalued.

4 brokerages have issued 1-year price targets for Genesco's shares. Their forecasts range from $26.00 to $53.00. On average, they expect Genesco's stock price to reach $37.00 in the next twelve months. This suggests a possible upside of 83.3% from the stock's current price.
View analysts' price targets for Genesco.

Genesco saw a decrease in short interest in the month of September. As of September 30th, there was short interest totaling 1,530,000 shares, a decrease of 16.4% from the September 15th total of 1,830,000 shares. Based on an average daily volume of 333,100 shares, the days-to-cover ratio is currently 4.6 days. Currently, 10.9% of the shares of the company are short sold.
View Genesco's Short Interest.

Some companies that are related to Genesco include The TJX Companies (TJX), Ross Stores (ROST), The Gap (GPS), Foot Locker (FL), American Eagle Outfitters (AEO), Urban Outfitters (URBN), The Buckle (BKE), Abercrombie & Fitch (ANF), Guess' (GES), Zumiez (ZUMZ), Shoe Carnival (SCVL), The Children's 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), 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."

Genesco's stock is owned by a number of institutional and retail investors. Top institutional shareholders include LSV Asset Management (3.45%), Foundry Partners LLC (1.12%), Pacer Advisors Inc. (0.10%), Alberta Investment Management Corp (0.08%) and Crossmark Global Holdings Inc. (0.07%). 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 Alberta Investment Management Corp, Foundry Partners LLC, LSV Asset Management, and Crossmark Global Holdings Inc.. 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 purchased by a variety of institutional investors in the last quarter, including Pacer Advisors 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 $20.19.

Genesco has a market capitalization of $302.73 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]