News headlines about Genesco (NYSE:GCO) have been trending somewhat positive this week, Alpha One Sentiment reports. The research group, a unit of Accern, identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real time. Alpha One ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Genesco earned a news sentiment score of 0.16 on Alpha One’s scale. Alpha One also gave media stories about the company an impact score of 0 out of 100, indicating that recent media coverage is extremely unlikely to have an effect on the company’s share price in the near term.
A number of analysts recently weighed in on GCO shares. Zacks Investment Research upgraded Genesco from a “hold” rating to a “buy” rating and set a $67.00 target price for the company in a research report on Monday, February 6th. TheStreet cut Genesco from a “b-” rating to a “c+” rating in a research note on Monday, February 6th. Jefferies Group LLC set a $62.00 price target on Genesco and gave the stock a “hold” rating in a research note on Thursday, April 20th. Piper Jaffray Companies set a $63.00 price target on Genesco and gave the stock a “hold” rating in a research note on Saturday, March 11th. Finally, B. Riley reaffirmed a “neutral” rating and issued a $65.00 price target on shares of Genesco in a research note on Monday, March 13th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $64.14.
Shares of Genesco (NYSE:GCO) opened at 45.05 on Friday. The company’s 50 day moving average price is $52.13 and its 200 day moving average price is $59.09. The company has a market capitalization of $883.48 million, a price-to-earnings ratio of 9.33 and a beta of 1.28. Genesco has a 52-week low of $45.00 and a 52-week high of $74.21.
Genesco (NYSE:GCO) last released its quarterly earnings results on Friday, March 10th. The company reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.37. Genesco had a return on equity of 10.10% and a net margin of 3.34%. The company had revenue of $883 million for the quarter, compared to analysts’ expectations of $901.35 million. During the same period in the prior year, the firm earned $2.11 earnings per share. The firm’s revenue was down 5.3% compared to the same quarter last year. On average, analysts predict that Genesco will post $4.46 EPS for the current year.
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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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