Genesco (GCO) Getting Somewhat Favorable Media Coverage, Accern Reports
News stories about Genesco (NYSE:GCO) have trended somewhat positive on Monday, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Genesco earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned headlines about the company an impact score of 46.016126547609 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Shares of Genesco (NYSE GCO) traded down 0.48% on Monday, reaching $31.40. 167,255 shares of the company traded hands. Genesco has a 52-week low of $28.88 and a 52-week high of $74.21. The stock has a 50 day moving average of $32.81 and a 200 day moving average of $48.37. The stock has a market cap of $615.22 million, a price-to-earnings ratio of 7.05 and a beta of 1.24.
Genesco (NYSE:GCO) last announced its quarterly earnings results on Thursday, May 25th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by $0.22. The firm had revenue of $643.40 million during the quarter, compared to analyst estimates of $644.15 million. Genesco had a net margin of 3.07% and a return on equity of 8.41%. The business’s revenue was down .8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.62 EPS. On average, analysts expect that Genesco will post $3.89 earnings per share for the current year.
GCO has been the subject of several analyst reports. Zacks Investment Research lowered shares of Genesco from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 1st. BidaskClub lowered shares of Genesco from a “sell” rating to a “strong sell” rating in a research note on Monday, July 24th. UBS AG raised shares of Genesco from a “neutral” rating to a “positive” rating in a research note on Wednesday, April 26th. Piper Jaffray Companies raised shares of Genesco from a “neutral” rating to an “overweight” rating and reduced their price objective for the company from $63.00 to $62.00 in a research note on Thursday, April 20th. Finally, Susquehanna Bancshares Inc reaffirmed a “positive” rating and issued a $43.00 price objective (down previously from $66.00) on shares of Genesco in a research note on Tuesday, May 30th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $48.29.
In other news, Director Kevin Patrick Mcdermott purchased 1,000 shares of the business’s stock in a transaction on Thursday, July 6th. The stock was purchased at an average price of $32.32 per share, for a total transaction of $32,320.00. Following the completion of the purchase, the director now directly owns 8,657 shares in the company, valued at approximately $279,794.24. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 3.30% of the company’s stock.
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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