Genesco (GCO) Stock Price, News & Analysis

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Genesco in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" GCO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GCO, but not buy additional shares or sell existing shares.
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1 Wall Street analysts have issued 12 month price objectives for Genesco's stock. Their GCO share price targets range from $31.00 to $31.00. On average, they anticipate the company's share price to reach $31.00 in the next year. This suggests a possible upside of 20.5% from the stock's current price.
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Genesco's stock was trading at $35.21 on January 1st, 2024. Since then, GCO stock has decreased by 27.0% and is now trading at $25.72.
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Genesco saw a drop in short interest in March. As of March 15th, there was short interest totaling 730,500 shares, a drop of 12.9% from the February 29th total of 838,700 shares. Based on an average daily volume of 119,600 shares, the days-to-cover ratio is presently 6.1 days. Currently, 6.9% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 23rd 2024.
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Genesco Inc. (NYSE:GCO) released its earnings results on Friday, March, 8th. The company reported $2.59 EPS for the quarter, missing analysts' consensus estimates of $2.66 by $0.07. The company had revenue of $739 million for the quarter, compared to analysts' expectations of $705.66 million. Genesco had a negative net margin of 0.72% and a positive trailing twelve-month return on equity of 1.15%. The firm's quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.06 EPS.

Genesco updated its FY 2025 earnings guidance on Friday, March, 8th. The company provided earnings per share guidance of 0.600-1.000 for the period, compared to the consensus earnings per share estimate of 2.530. The company issued revenue guidance of $2.3 billion-$2.3 billion, compared to the consensus revenue estimate of $2.3 billion.

8 employees have rated Genesco Chief Executive Officer Mimi Vaughn on Glassdoor.com. Mimi Vaughn has an approval rating of 70% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Genesco investors own include Xtrackers California Municipal Bond ETF (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).

Shares of GCO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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