Press coverage about Genesco (NYSE:GCO) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Genesco earned a daily sentiment score of 0.18 on Accern’s scale. Accern also gave headlines about the company an impact score of 45.6091853203991 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Genesco (NYSE:GCO) traded up 0.80% on Friday, hitting $31.55. 255,033 shares of the stock were exchanged. The company’s 50 day moving average is $32.81 and its 200 day moving average is $48.37. The stock has a market cap of $618.16 million, a PE ratio of 7.09 and a beta of 1.24. Genesco has a 1-year low of $28.88 and a 1-year high of $74.21.
Genesco (NYSE:GCO) last announced its quarterly earnings results on Thursday, May 25th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by $0.22. The business had revenue of $643.40 million during the quarter, compared to the consensus estimate of $644.15 million. Genesco had a net margin of 3.07% and a return on equity of 8.41%. The company’s quarterly revenue was down .8% compared to the same quarter last year. During the same period last year, the firm earned $0.62 EPS. On average, equities research analysts expect that Genesco will post $3.89 earnings per share for the current year.
A number of research analysts have commented on the stock. Morgan Stanley reiterated an “equal weight” rating and set a $38.00 price objective (down from $59.00) on shares of Genesco in a research note on Thursday, June 1st. Jefferies Group LLC reiterated a “hold” rating and set a $48.00 price objective on shares of Genesco in a research note on Friday, July 14th. B. Riley upgraded shares of Genesco from a “neutral” rating to a “buy” rating and set a $56.00 price objective on the stock in a research note on Monday, May 22nd. ValuEngine downgraded shares of Genesco from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Piper Jaffray Companies set a $39.00 price objective on shares of Genesco and gave the company a “buy” rating in a research note on Saturday, June 24th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $48.29.
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In other Genesco news, Director Kevin Patrick Mcdermott purchased 1,000 shares of the stock in a transaction on Thursday, July 6th. The shares were purchased at an average price of $32.32 per share, with a total value of $32,320.00. Following the acquisition, the director now directly owns 8,657 shares of the company’s stock, valued at approximately $279,794.24. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 3.30% of the company’s stock.
Genesco Company Profile
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.
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