Genesco (GCO) Earns Daily News Sentiment Score of 0.16
Media headlines about Genesco (NYSE:GCO) have been trending somewhat positive recently, Accern reports. The research group scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Genesco earned a news impact score of 0.16 on Accern’s scale. Accern also gave headlines about the company an impact score of 46.9912758191546 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- January 2018 Options Now Available For Genesco (GCO) (thestreet.com)
- Genesco, Inc.: Strong price momentum but will it sustain? (finance.yahoo.com)
- Genesco Inc. (GCO) Price Target Raised to $30.00 (americanbankingnews.com)
- Genesco Inc. (GCO) Given Consensus Recommendation of “Hold” by Brokerages (americanbankingnews.com)
Several equities research analysts have commented on GCO shares. Piper Jaffray Companies reiterated a “buy” rating and set a $39.00 price objective on shares of Genesco in a research note on Sunday, October 1st. Zacks Investment Research lowered Genesco from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd. Jefferies Group LLC reiterated a “hold” rating and set a $27.00 price objective on shares of Genesco in a research note on Thursday, August 31st. BidaskClub lowered Genesco from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th. Finally, Buckingham Research boosted their price objective on Genesco from $23.00 to $30.00 and gave the stock a “neutral” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. Genesco presently has a consensus rating of “Hold” and a consensus target price of $33.71.
Shares of Genesco (NYSE:GCO) traded up $0.20 during trading on Thursday, hitting $28.95. The stock had a trading volume of 404,900 shares, compared to its average volume of 397,795. The firm has a market cap of $572.67, a PE ratio of 8.48, a P/E/G ratio of 0.88 and a beta of 1.27. Genesco has a fifty-two week low of $20.90 and a fifty-two week high of $72.00. The company has a current ratio of 2.38, a quick ratio of 0.47 and a debt-to-equity ratio of 0.21.
Genesco (NYSE:GCO) last issued its earnings results 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%. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.34 earnings per share. research analysts forecast that Genesco will post 3.45 earnings per share for the current fiscal year.
In related news, Chairman Robert J. Dennis bought 25,000 shares of the stock in a transaction dated Wednesday, September 6th. The shares were acquired at an average cost of $23.81 per share, for a total transaction of $595,250.00. Following the acquisition, the chairman now directly owns 224,935 shares in the company, valued at approximately $5,355,702.35. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Mimi Eckel Vaughn bought 10,000 shares of the stock in a transaction dated Wednesday, September 6th. The shares were bought at an average price of $24.16 per share, for a total transaction of $241,600.00. Following the completion of the acquisition, the senior vice president now owns 87,140 shares in the company, valued at $2,105,302.40. The disclosure for this purchase can be found here. Insiders own 3.30% of the company’s stock.
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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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