Genesco (GCO) Getting Somewhat Positive News Coverage, Analysis Finds

News stories about Genesco (NYSE:GCO) have trended somewhat positive recently, according to Accern. The research firm identifies positive and negative news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Genesco earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 44.7329980993344 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

A number of research firms recently commented on GCO. SunTrust Banks, Inc. set a $33.00 price objective on shares of Genesco and gave the company a “buy” rating in a research note on Monday. Jefferies Group LLC reiterated a “hold” rating and set a $27.00 price objective on shares of Genesco in a research note on Thursday, October 12th. ValuEngine upgraded shares of Genesco from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Piper Jaffray Companies restated a “buy” rating and set a $39.00 target price on shares of Genesco in a report on Sunday, October 1st. Finally, Morgan Stanley reduced their target price on shares of Genesco from $38.00 to $28.00 and set an “equal weight” rating for the company in a report on Wednesday, September 13th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $32.71.

Genesco (NYSE:GCO) traded up 2.18% during trading on Wednesday, reaching $23.45. 252,717 shares of the company were exchanged. Genesco has a 52-week low of $20.90 and a 52-week high of $72.00. The firm has a 50-day moving average of $25.30 and a 200-day moving average of $35.95. The firm has a market cap of $467.10 million, a price-to-earnings ratio of 6.58 and a beta of 1.36.

Genesco (NYSE:GCO) last issued its earnings results on Thursday, August 31st. The company reported ($0.10) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($0.04). Genesco had a net margin of 2.43% and a return on equity of 7.36%. The firm had revenue of $616.50 million during the quarter, compared to the consensus estimate of $626.93 million. During the same period in the previous year, the company posted $0.34 EPS. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. On average, equities analysts forecast that Genesco will post $3.38 EPS for the current year.

In other news, Chairman Robert J. Dennis bought 25,000 shares of the stock in a transaction on Wednesday, September 6th. The stock was purchased at an average price of $23.81 per share, with a total value of $595,250.00. Following the completion of the purchase, the chairman now owns 224,935 shares of the company’s stock, valued at $5,355,702.35. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Mimi Eckel Vaughn bought 10,000 shares of the stock in a transaction on Wednesday, September 6th. The stock was purchased at an average cost of $24.16 per share, with a total value of $241,600.00. Following the purchase, the senior vice president now directly owns 87,140 shares of the company’s stock, valued at approximately $2,105,302.40. The disclosure for this purchase can be found here. 3.30% of the stock is currently owned by corporate insiders.

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A number of research firms recently commented on GCO. SunTrust Banks, Inc. set a $33.00 price objective on shares of Genesco and gave the company a “buy” rating in a research note on Monday. Jefferies Group LLC reiterated a “hold” rating and set a $27.00 price objective on shares of Genesco in a research note on Thursday, October 12th. ValuEngine upgraded shares of Genesco from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Piper Jaffray Companies restated a “buy” rating and set a $39.00 target price on shares of Genesco in a report on Sunday, October 1st. Finally, Morgan Stanley reduced their target price on shares of Genesco from $38.00 to $28.00 and set an “equal weight” rating for the company in a report on Wednesday, September 13th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $32.71.

Genesco (NYSE:GCO) traded up 2.18% during trading on Wednesday, reaching $23.45. 252,717 shares of the company were exchanged. Genesco has a 52-week low of $20.90 and a 52-week high of $72.00. The firm has a 50-day moving average of $25.30 and a 200-day moving average of $35.95. The firm has a market cap of $467.10 million, a price-to-earnings ratio of 6.58 and a beta of 1.36.

Genesco (NYSE:GCO) last issued its earnings results on Thursday, August 31st. The company reported ($0.10) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($0.04). Genesco had a net margin of 2.43% and a return on equity of 7.36%. The firm had revenue of $616.50 million during the quarter, compared to the consensus estimate of $626.93 million. During the same period in the previous year, the company posted $0.34 EPS. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. On average, equities analysts forecast that Genesco will post $3.38 EPS for the current year.

In other news, Chairman Robert J. Dennis bought 25,000 shares of the stock in a transaction on Wednesday, September 6th. The stock was purchased at an average price of $23.81 per share, with a total value of $595,250.00. Following the completion of the purchase, the chairman now owns 224,935 shares of the company’s stock, valued at $5,355,702.35. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Mimi Eckel Vaughn bought 10,000 shares of the stock in a transaction on Wednesday, September 6th. The stock was purchased at an average cost of $24.16 per share, with a total value of $241,600.00. Following the purchase, the senior vice president now directly owns 87,140 shares of the company’s stock, valued at approximately $2,105,302.40. The disclosure for this purchase can be found here. 3.30% of the stock is currently owned by corporate insiders.

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About Genesco

Genesco Inc is a retailer and wholesaler of footwear, apparel and accessories. The Company operates in five segments: Journeys Group, Schuh Group, Lids Sports Group, Johnston & Murphy Group and Licensed Brands. It relies on independent third-party manufacturers for production of its footwear products sold at wholesale.

Insider Buying and Selling by Quarter for Genesco (NYSE:GCO)

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