Media coverage about Genesco (NYSE:GCO) has trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Genesco earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave media coverage about the company an impact score of 46.083354963744 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
GCO has been the topic of a number of recent analyst reports. Jefferies Financial Group set a $45.00 target price on shares of Genesco and gave the company a “buy” rating in a research note on Monday, February 26th. Piper Jaffray Companies set a $44.00 target price on shares of Genesco and gave the company a “buy” rating in a research note on Thursday, March 15th. SunTrust Banks set a $44.00 target price on shares of Genesco and gave the company a “buy” rating in a research note on Thursday, March 15th. Pivotal Research set a $46.00 target price on shares of Genesco and gave the company a “buy” rating in a research note on Wednesday, March 14th. Finally, Zacks Investment Research upgraded shares of Genesco from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research note on Friday, March 16th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $38.43.
Shares of NYSE:GCO traded up $0.15 during trading on Tuesday, reaching $41.55. 5,458 shares of the company’s stock traded hands, compared to its average volume of 396,246. The company has a quick ratio of 0.64, a current ratio of 2.93 and a debt-to-equity ratio of 0.13. Genesco has a 12 month low of $20.90 and a 12 month high of $45.90. The company has a market cap of $842.41 million, a PE ratio of 13.23, a P/E/G ratio of 1.38 and a beta of 1.03.
Genesco (NYSE:GCO) last announced its quarterly earnings data on Tuesday, June 5th. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01. Genesco had a negative net margin of 3.96% and a positive return on equity of 6.98%. The business had revenue of $645.00 million during the quarter, compared to the consensus estimate of $636.37 million. During the same quarter in the prior year, the firm earned $0.05 EPS. The company’s revenue for the quarter was up .2% compared to the same quarter last year. research analysts forecast that Genesco will post 3.22 EPS for the current fiscal year.
In related news, Director Thurgood Marshall, Jr. sold 2,200 shares of the business’s stock in a transaction dated Wednesday, April 4th. The shares were sold at an average price of $42.31, for a total transaction of $93,082.00. Following the completion of the sale, the director now owns 9,281 shares of the company’s stock, valued at approximately $392,679.11. The sale was disclosed in a legal filing with the SEC, which is available through this link. 4.30% of the stock is owned by corporate insiders.
Genesco Inc retails and wholesales footwear, apparel, and accessories. The company operates in five segments: Journeys Group, Schuh Group, Lids Sports Group, Johnston & Murphy Group, and Licensed Brands. The Journeys Group segment offers footwear and accessories through the Journeys, Journeys Kidz, Shi by Journeys, and Little Burgundy retail chains, as well as through e-commerce and catalogs for young men, women, and children.
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