Genesco Inc (NYSE:GCO)’s traded shares stood at 0.36 million during the last session, with the company’s beta value hitting 2.45. At the close of trading, the stock’s price was $40.95, to imply an increase of 9.46% or $3.54 in intraday trading. The GCO share’s 52-week high remains $39.34, putting it 3.93% up since that peak but still an impressive 43.32% since price per share fell to its 52-week low of $23.21. The company has a valuation of $459.54M, with an average of 0.19 million shares in intraday trading volume over the past 10 days and average of 153.45K shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Genesco Inc (GCO), translating to a mean rating of 3.00. Of 4 analyst(s) looking at the stock, 0 analyst(s) give GCO a Sell rating. 1 of those analysts rate the stock as Overweight while 0 advise Hold as 3 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 3.25.
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Genesco Inc (NYSE:GCO) trade information
After registering a 9.46% upside in the last session, Genesco Inc (GCO) has traded red over the past five days. The 5-day price performance for the stock is 21.91%, and 39.05% over 30 days. With these gigs, the year-to-date price performance is 16.30%. Short interest in Genesco Inc (NYSE:GCO) saw shorts transact 0.49 million shares and set a 3.81 days time to cover.
Genesco Inc (GCO) estimates and forecasts
Looking at statistics comparing Genesco Inc share performance against respective industry, we note that the company has outperformed competitors. Genesco Inc (GCO) shares are 57.02% up over the last 6 months, with its year-to-date growth rate higher than industry average at 35.71% against 9.40%. The rating firms project that company’s revenue will shrink -0.53% compared to the previous financial year.
Revenue forecast for the current quarter as set by 1 analysts is 733.21M. Meanwhile, for the current quarter, a total of 1 analyst(s) estimate revenue growth to 455M.Earnings reports from the last fiscal year show that sales brought in 738.95M and 457.6M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -0.78% before dropping -0.57% in the following quarter.
GCO Dividends
Genesco Inc has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Genesco Inc (NYSE:GCO)’s Major holders
Genesco Inc insiders hold 8.37% of total outstanding shares, with institutional holders owning 92.56% of the shares at 101.01% float percentage. In total, 92.56% institutions holds shares in the company, led by PZENA INVESTMENT MANAGEMENT LLC. As of 2024-06-30, the company held over 1.22 million shares (or 11.1742% of shares), all amounting to roughly $31.58 million.
The next major institution holding the largest number of shares is BLACKROCK INC. with 1.07 million shares, or about 9.8023% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $27.71 million.
