NYSE:GCOGenesco Stock Price, Forecast & News

Genesco's stock was trading at $24.11 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, GCO shares have decreased by 12.7% and is now trading at $21.06. View which stocks have been most impacted by Coronavirus.

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 Tuesday, June 9th 2020. View our earnings forecast for Genesco.

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.

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

Genesco announced that its Board of Directors has authorized a stock repurchase 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 reacquire up to 11.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's management believes its stock is undervalued.

Genesco updated its FY21 earnings guidance on Thursday, March, 12th. The company provided earnings per share 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.

4 equities research analysts have issued 1-year price objectives for Genesco's stock. Their forecasts range from $19.00 to $53.00. On average, they expect Genesco's stock price to reach $32.00 in the next twelve months. This suggests a possible upside of 51.9% from the stock's current price. View analysts' price targets for Genesco.

Press coverage about GCO stock has been trending somewhat negative recently, InfoTrie Sentiment Analysis reports. InfoTrie scores the sentiment of media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded 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 -1.0 on InfoTrie's scale. They also assigned news articles 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 near future. View the latest news aboutGenesco.

Genesco saw a increase in short interest in 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 volume of 498,800 shares, the days-to-cover ratio is currently 5.4 days. Currently, 19.6% of the shares of the stock are short sold. 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), Abercrombie & Fitch (ANF), Buckle (BKE), Guess? (GES), Zumiez (ZUMZ), Childrens Place (PLCE), Designer Brands (DBI), Shoe Carnival (SCVL), Caleres (CAL) and Cato (CATO). View all competitors.

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).

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

Genesco's stock is owned by many different institutional and retail investors. Top institutional investors 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.

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.

GCO stock was purchased 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.

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 $21.06.

Genesco has a market capitalization of $309.16 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 http://genesco.gcs-web.com.