News coverage about Genesco (NYSE:GCO) has been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources. 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 daily sentiment score of 0.23 on Accern’s scale. Accern also gave news articles about the company an impact score of 46.4775012357076 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news articles that may have impacted Accern Sentiment’s analysis:
- Fuller & Thaler Asset Management Inc. Sells 1,476 Shares of Genesco Inc. (GCO) (americanbankingnews.com)
- Royce & Associates LP Invests $11.13 Million in Genesco Inc. (GCO) (americanbankingnews.com)
- Genesco Inc. (GCO) Expected to Announce Quarterly Sales of $892.17 Million (americanbankingnews.com)
- Zacks: Analysts Expect Genesco Inc. (GCO) Will Post Earnings of $2.09 Per Share (americanbankingnews.com)
- Top 3 Stocks Insiders Are Buying (finance.yahoo.com)
GCO has been the subject of several research reports. Jefferies Group raised shares of Genesco from a “hold” rating to a “buy” rating in a research report on Tuesday, January 2nd. Piper Jaffray Companies set a $35.00 price target on shares of Genesco and gave the company a “buy” rating in a research report on Wednesday, November 29th. Pivotal Research set a $44.00 price target on shares of Genesco and gave the company a “buy” rating in a research report on Wednesday, January 31st. Zacks Investment Research raised shares of Genesco from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 14th. Finally, Buckingham Research lifted their price target on shares of Genesco from $23.00 to $30.00 and gave the company a “neutral” rating in a research report on Monday, November 20th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $37.90.
Genesco (NYSE:GCO) last issued its quarterly earnings data on Friday, December 1st. The company reported $1.02 earnings per share for the quarter, missing the consensus estimate of $1.12 by ($0.10). Genesco had a negative net margin of 4.24% and a positive return on equity of 6.93%. The company had revenue of $716.80 million for the quarter, compared to the consensus estimate of $706.58 million. During the same quarter last year, the business posted $1.28 earnings per share. Genesco’s revenue was up .8% on a year-over-year basis. equities research analysts anticipate that Genesco will post 3.07 earnings per share 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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