Genesco (GCO) Earns News Impact Rating of 0.08
Media coverage about Genesco (NYSE:GCO) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Genesco earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave media coverage about the company an impact score of 45.9785166943033 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Genesco (GCO) traded up 3.63% during trading on Friday, reaching $25.70. 360,612 shares of the company’s stock traded hands. The stock has a market capitalization of $511.92 million, a P/E ratio of 7.34 and a beta of 1.29. Genesco has a 1-year low of $20.90 and a 1-year high of $72.00. The stock has a 50-day moving average price of $26.57 and a 200 day moving average price of $40.07.
Genesco (NYSE:GCO) last announced its quarterly earnings data on Thursday, August 31st. The company reported ($0.10) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($0.04). The company had revenue of $616.50 million for the quarter, compared to analyst estimates of $626.93 million. Genesco had a return on equity of 7.36% and a net margin of 2.43%. Genesco’s revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.34 earnings per share. Equities research analysts expect that Genesco will post $3.38 earnings per share for the current year.
A number of equities analysts recently commented on the stock. ValuEngine downgraded shares of Genesco from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. B. Riley reiterated a “buy” rating and set a $50.00 target price on shares of Genesco in a research note on Thursday, June 1st. Zacks Investment Research downgraded shares of Genesco from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 1st. Morgan Stanley reiterated an “equal weight” rating and set a $38.00 target price (down previously from $59.00) on shares of Genesco in a research note on Thursday, June 1st. Finally, Susquehanna Bancshares Inc reiterated a “positive” rating and set a $43.00 target price (down previously from $66.00) on shares of Genesco in a research note on Tuesday, May 30th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $37.57.
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In related news, Chairman Robert J. Dennis acquired 25,000 shares of the firm’s stock in a transaction on Wednesday, September 6th. The stock was bought at an average cost of $23.81 per share, with a total value of $595,250.00. Following the acquisition, the chairman now directly owns 224,935 shares in the company, valued at $5,355,702.35. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Kevin Patrick Mcdermott acquired 1,000 shares of the firm’s stock in a transaction on Thursday, July 6th. The shares were bought at an average cost of $32.32 per share, with a total value of $32,320.00. Following the completion of the acquisition, the director now owns 8,657 shares in the company, valued at $279,794.24. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 36,000 shares of company stock valued at $869,170. 3.30% of the stock is owned by company insiders.
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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