Media headlines about Genesco (NYSE:GCO) have trended somewhat positive recently, Accern reports. The research group identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Genesco earned a news impact score of 0.05 on Accern’s scale. Accern also gave news stories about the company an impact score of 46.2522933276336 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
- Genesco, Inc. :GCO-US: Earnings Analysis: Q2, 2018 By the Numbers : September 11, 2017 (finance.yahoo.com)
- Genesco Inc (GCO) Chairman, President & CEO Robert J Dennis Bought $595,250 of Shares (nasdaq.com)
- Insider Buying: Genesco Inc. (GCO) SVP Acquires 10,000 Shares of Stock (americanbankingnews.com)
- Robert J. Dennis Buys 25,000 Shares of Genesco Inc. (GCO) Stock (americanbankingnews.com)
- Earnings Review and Free Research Report: Ross Stores’ Sales Climbed 8%; EPS Jumped 17% (finance.yahoo.com)
GCO has been the subject of several analyst reports. BidaskClub upgraded Genesco from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. Susquehanna Bancshares Inc restated a “neutral” rating and set a $29.00 target price (down previously from $43.00) on shares of Genesco in a research report on Monday, August 28th. Jefferies Group LLC restated a “hold” rating and set a $27.00 target price on shares of Genesco in a research report on Thursday, August 31st. Buckingham Research cut their target price on Genesco from $38.00 to $23.00 and set a “neutral” rating for the company in a research report on Friday, September 1st. Finally, ValuEngine downgraded Genesco from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $39.00.
Shares of Genesco (GCO) traded up 3.65% during trading on Tuesday, reaching $25.55. The company’s stock had a trading volume of 174,603 shares. The company has a market cap of $500.60 million, a PE ratio of 5.74 and a beta of 1.29. The firm’s 50-day moving average is $27.66 and its 200 day moving average is $41.64. Genesco has a 52-week low of $20.90 and a 52-week high of $72.00.
Genesco (NYSE:GCO) last issued its quarterly earnings results on Thursday, August 31st. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the Zacks’ 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 quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.34 EPS. On average, equities research analysts predict that Genesco will post $3.37 EPS for the current fiscal year.
In other Genesco news, SVP Mimi Eckel Vaughn bought 10,000 shares of the business’s stock in a transaction on Wednesday, September 6th. The stock was purchased at an average cost of $24.16 per share, for a total transaction of $241,600.00. Following the completion of the purchase, the senior vice president now directly owns 87,140 shares of the company’s stock, valued at $2,105,302.40. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Robert J. Dennis bought 25,000 shares of the business’s stock in a transaction on Wednesday, September 6th. The shares were acquired at an average price of $23.81 per share, with a total value of $595,250.00. Following the completion of the purchase, the chairman now directly owns 224,935 shares of the company’s stock, valued at $5,355,702.35. The disclosure for this purchase can be found here. Insiders have acquired 36,000 shares of company stock valued at $869,170 over the last 90 days. Corporate 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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