Genesco (GCO) Getting Somewhat Favorable Press Coverage, Report Shows

Media coverage about Genesco (NYSE:GCO) has been trending somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Genesco earned a media sentiment score of 0.04 on Accern’s scale. Accern also gave media headlines about the company an impact score of 46.2019979928882 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Several research analysts have weighed in on the company. Jefferies Group reiterated a “hold” rating and set a $27.00 target price on shares of Genesco in a report on Thursday, October 12th. ValuEngine upgraded Genesco from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Buckingham Research reduced their target price on Genesco from $38.00 to $23.00 and set a “neutral” rating on the stock in a report on Friday, September 1st. TheStreet lowered Genesco from a “c-” rating to a “d” rating in a report on Friday, December 1st. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $39.00 target price on shares of Genesco in a report on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $33.29.

Genesco (NYSE:GCO) opened at $32.50 on Thursday. The firm has a market capitalization of $662.11, a P/E ratio of -5.16, a price-to-earnings-growth ratio of 1.12 and a beta of 1.37. The company has a current ratio of 2.31, a quick ratio of 0.47 and a debt-to-equity ratio of 0.29. Genesco has a 12-month low of $20.90 and a 12-month high of $65.70.

Genesco (NYSE:GCO) last announced its quarterly earnings results on Friday, December 1st. The company reported $1.02 earnings per share for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.10). Genesco had a positive return on equity of 6.93% and a negative net margin of 4.24%. The business had revenue of $716.80 million for the quarter, compared to analyst estimates of $706.58 million. During the same period last year, the firm earned $1.28 EPS. Genesco’s quarterly revenue was up .8% compared to the same quarter last year. equities analysts forecast that Genesco will post 3.07 EPS for the current year.

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About Genesco

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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