NYSE:GCOGenesco Stock Price, Forecast & News

$18.49

-2.38 (-11.40 %)

(As of 05/29/2020 04:00 PM ET)

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Today's Range

$18.29

Now: $18.49▼

$20.37

50-Day Range

$13.96

MA: $17.05▼

$21.92

52-Week Range

$5.51

Now: $18.49▼

$53.20

Volume410,915 shs

Average Volume432,039 shs

Market Capitalization$271.49 million

P/E Ratio4.98

Dividend YieldN/A

Beta1.69

Genesco Inc. operates as a retailer and wholesaler of footwear, apparel, and accessories. The company operates through four segments: Journeys Group, Schuh Group, Johnston & Murphy Group, and Licensed Brands. The Journeys Group segment offers footwear and accessories through the Journeys, Journeys Kidz, and Little Burgundy retail chains, as well as through e-commerce and catalogs for young men, women, and children. The Schuh Group segment operates Schuh retail footwear stores that offer casual and athletic footwear for men and women, as well as sells footwear through e-commerce. The Johnston & Murphy Group segment is involved in the retail, e-commerce, and catalog operations; and wholesale distribution of footwear, apparel, and accessories primarily for men. It also offers footwear and leather accessories under the H.S. Trask brand through retailers and department stores, an e-commerce Website, and catalog. The Licensed Brands segment markets casual footwear under the Dockers brand for men. As of February 02, 2019, the company operated approximately 1,512 retail stores in the United States, Puerto Rico, Canada, the United Kingdom, the Republic of Ireland, and Germany. Its Internet Websites include journeys.com, journeyskidz.com, journeys.ca, schuh.co.uk, littleburgundyshoes.com, johnstonmurphy.com, and trask.com. Genesco Inc. was founded in 1924 and is headquartered in Nashville, Tennessee.

Beat the Market (BTM) Rank^™

3.4 Analyst's Opinion

Consensus Rating
Genesco has received a consensus rating of Buy. The company's average rating score is 2.75, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $32.00, Genesco has a potential upside of 53.3% from its current price of $20.87.
Amount of Analyst Coverage
Genesco has only been the subject of 3 research reports in the past 90 days.

2.0 Community Rank

Outperform Votes
Genesco has received 418 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Genesco has received 619 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Genesco has received 59.69% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Genesco and other stocks. Vote “Outperform” if you believe GCO will outperform the S&P 500 over the long term. Vote “Underperform” if you believe GCO will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.0 Dividend Strength

Dividend Yield
Genesco does not currently pay a dividend.
Dividend Growth
Genesco does not have a long track record of dividend growth.

0.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Genesco insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 4.40% of the stock of Genesco is held by insiders.

2.5 Earnings and Valuation

Earnings Growth
Earnings for Genesco are expected to grow by 13.77% in the coming year, from $3.34 to $3.80 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Genesco is 4.98, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 15.40.
Price to Earnings Ratio vs. Sector
The P/E ratio of Genesco is 4.98, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 40.48.
Price to Book Value per Share Ratio
Genesco has a P/B Ratio of 0.50. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.58 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Shoe stores

Sub-IndustryApparel Retail

SectorRetail/Wholesale

Current SymbolNYSE:GCO

Previous Symbol

CUSIP37153210

CIK18498

Webwww.genesco.com

Phone615-367-7000

Debt

Debt-to-Equity Ratio1.07

Current Ratio1.40

Quick Ratio0.39

Price-To-Earnings

Trailing P/E Ratio4.98

Forward P/E Ratio5.54

P/E GrowthN/A

Sales & Book Value

Annual Sales$2.20 billion

Price / Sales0.12

Cash Flow$7.00 per share

Price / Cash Flow2.64

Book Value$42.06 per share

Price / Book0.44

Profitability

EPS (Most Recent Fiscal Year)$4.58

Net Income$61.38 million

Net Margins2.79%

Return on Equity11.79%

Return on Assets4.08%

Miscellaneous

Employees22,050

Outstanding Shares14,683,000

Market Cap$271.49 million

Next Earnings Date6/9/2020 (Confirmed)

OptionableOptionable

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Genesco (NYSE:GCO) Frequently Asked Questions

How has Genesco's stock been impacted by COVID-19 (Coronavirus)?

Genesco's stock was trading at $24.11 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, GCO shares have decreased by 13.4% and is now trading at $20.87. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of 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.

When is Genesco's next earnings date?

Genesco is scheduled to release its next quarterly earnings announcement on Tuesday, June 9th 2020. View our earnings forecast for Genesco.

How can I listen to Genesco's earnings call?

Genesco will be holding an earnings conference call on Tuesday, June 9th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Genesco's earnings last quarter?

Genesco Inc. (NYSE:GCO) issued its earnings results on Thursday, March, 12th. The company reported $3.09 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $2.74 by $0.35. The firm earned $677.60 million during the quarter, compared to the consensus estimate of $679.70 million. Genesco had a return on equity of 11.79% and a net margin of 2.79%. The business's quarterly revenue was up .3% on a year-over-year basis. During the same quarter last year, the company posted $2.18 earnings per share. View Genesco's earnings history.

How will Genesco's stock buyback program work?

Genesco declared that its board has authorized a share buyback plan on Friday, May 3rd 2019, which permits the company to buyback $100,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase up to 11.7% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

What guidance has Genesco issued on next quarter's earnings?

Genesco issued an update on its FY21 earnings guidance on Thursday, March, 12th. The company provided EPS guidance of $4.90-5.40 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.80. The company issued revenue guidance of +3-6% to $2.26-2.33 billion, compared to the consensus revenue estimate of $2.24 billion.

What price target have analysts set for GCO?

4 brokerages have issued 12-month price targets for Genesco's shares. Their forecasts range from $19.00 to $53.00. On average, they anticipate Genesco's stock price to reach $32.00 in the next twelve months. This suggests a possible upside of 53.3% from the stock's current price. View analysts' price targets for Genesco.

What are Wall Street analysts saying about Genesco stock?

Here are some recent quotes from research analysts about Genesco stock:

1. According to Zacks Investment Research, "Genesco Inc., a Nashville-based specialty retailer, sells footwear, headwear and accessories in retail stores in the United States and Canada. The Company sells its products principally under the names Journeys, Journeys Kidz, Shi by Journeys, Johnston & Murphy, Underground Station, Hatworld, Lids, Hat Shack, Hat Zone, Head Quarters and Cap Connection, and on internet websites. The Company also sells footwear at wholesale under its Johnston & Murphy brand and under the licensed Dockers brand. " (5/13/2020)
2. Pivotal Research analysts commented, "We’re shocked by how well 1Q turned out, especially for Journeys, given that 1Q was not the best quarter for many retailers. In retrospect, we should’ve been less bearish going into this print as TLYS posted a +LDD% footwear comp earlier this week, and there’s some footwear overlap between the two companies, namely Vans. GCO’s shares were deservedly up 10%+ on the print. But the question at hand is where do they go from here? Given the material 1Q outperformance at Journeys, we suspect that there’s upside to the 2Q guidance, but it is a more difficult comparison, and comparisons remain challenging over the balance of the year, with the back half a bigger question mark in our view on strong boot sales last year, which is a highly weather-dependent category." (6/3/2019)

Has Genesco been receiving favorable news coverage?

Headlines about GCO stock have trended very negative recently, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of 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 -3.0 on InfoTrie's scale. They also assigned media coverage about the company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company's share price in the next several days. View the latest news aboutGenesco.

Are investors shorting Genesco?

Genesco saw a increase in short interest in the month of April. As of April 30th, there was short interest totaling 2,700,000 shares, an increase of 5.9% from the April 15th total of 2,550,000 shares. Based on an average daily trading volume, of 498,800 shares, the short-interest ratio is presently 5.4 days. Approximately 19.6% of the shares of the stock are sold short. View Genesco's Current Options Chain.

Who are some of Genesco's key competitors?

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), Abercrombie & Fitch (ANF), Buckle (BKE), Guess? (GES), Childrens Place (PLCE), Zumiez (ZUMZ), Designer Brands (DBI), Shoe Carnival (SCVL), Caleres (CAL) and Cato (CATO). View all competitors.

What other stocks do shareholders of Genesco own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Genesco investors own include CA (CA), BlackRock (BLK), Chipotle Mexican Grill (CMG), Endologix (ELGX), Intelsat (I), Bank of America (BAC), Micron Technology (MU), Transocean (RIG), NIC (EGOV) and AMC Entertainment (AMC).

Who are Genesco's key executives?

Genesco's management team includes the following people:

Mr. Robert J. Dennis, Chairman, Pres & CEO (Age 65)
Ms. Mimi Eckel Vaughn, Sr. VP of Fin. & CFO (Age 52)
Mr. Paul D. Williams, VP & Chief Accounting Officer (Age 64)
Mr. Parag D. Desai, Sr. VP of Strategy & Shared Services (Age 44)
Mr. Danny Ewoldsen, Pres of Johnston & Murphy division

What is Genesco's stock symbol?

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

Who are Genesco's major shareholders?

Genesco's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (14.86%), Eagle Asset Management Inc. (4.89%), State Street Corp (3.93%), Carillon Tower Advisers Inc. (3.11%), JPMorgan Chase & Co. (2.58%) and Geode Capital Management LLC (1.41%). 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.

Which major investors are selling Genesco stock?

GCO stock was sold by a variety of institutional investors in the last quarter, including Public Sector Pension Investment Board, Deutsche Bank AG, BlackRock Inc., Parametric Portfolio Associates LLC, AQR Capital Management LLC, Morgan Stanley, Bank of New York Mellon Corp, and Robeco Institutional Asset Management B.V.. 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 activity for Genesco.

Which major investors are buying Genesco stock?

GCO stock was bought by a variety of institutional investors in the last quarter, including Eagle Asset Management Inc., JPMorgan Chase & Co., Foundry Partners LLC, Invesco Ltd., GSA Capital Partners LLP, Carillon Tower Advisers Inc., Squarepoint Ops LLC, and FDx Advisors Inc.. View insider buying and selling activity for Genesco.

How do I buy shares of 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.

What is Genesco's stock price today?

One share of GCO stock can currently be purchased for approximately $20.87.

How big of a company is Genesco?

Genesco has a market capitalization of $306.43 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.

What is Genesco's official website?

The official website for Genesco is www.genesco.com.

How can I contact Genesco?

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 http://genesco.gcs-web.com.

This page was last updated on 5/29/2020 by MarketBeat.com Staff