In last trading session, Genesco Inc (NYSE:GCO) saw 0.48 million shares changing hands with its beta currently measuring 2.38. Company’s recent per share price level of $41.28 trading at $0.69 or 1.70% at ring of the bell on the day assigns it a market valuation of $462.85M. That closing price of GCO’s stock is at a discount of -8.53% from its 52-week high price of $44.80 and is indicating a premium of 43.77% from its 52-week low price of $23.21. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.21 million shares which gives us an average trading volume of 149.14K if we extend that period to 3-months.
For Genesco Inc (GCO), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 3.00. Splitting up the data highlights that, out of 4 analysts covering the stock, 0 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.
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Genesco Inc (NYSE:GCO) trade information
Upright in the green during last session for gaining 1.70%, in the last five days GCO remained trading in the red while hitting it’s week-highest on Wednesday, 12/18/24 when the stock touched $41.28 price level, adding 7.86% to its value on the day. Genesco Inc’s shares saw a change of 17.24% in year-to-date performance and have moved -4.42% in past 5-day. Genesco Inc (NYSE:GCO) showed a performance of 43.04% in past 30-days. Number of shares sold short was 0.49 million shares which calculate 3.81 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 40 to the stock, which implies a fall of -3.2% to its current value. Analysts have been projecting 40 as a low price target for the stock while placing it at a high target of 40. It follows that stock’s current price would jump 3.1% in reaching the projected high whereas dropping to the targeted low would mean a gain of 3.1% for stock’s current value.
Genesco Inc (GCO) estimates and forecasts
Statistics highlight that Genesco Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 63.74% of value to its shares in past 6 months, showing an annual growth rate of 44.64% while that of industry is 8.20. Apart from that, the company came raising its revenue forecast for fiscal year 2024.
In 2024, company’s earnings growth rate is likely to be around 44.64% while estimates for its earnings growth in next 5 years are of 10.00%.
Genesco Inc (NYSE:GCO)’s Major holders
Insiders are in possession of 8.37% of company’s total shares while institution are holding 92.56 percent of that, with stock having share float percentage of 101.01%. Investors also watch the number of corporate investors in a company very closely, which is 92.56% institutions for Genesco Inc that are currently holding shares of the company. PZENA INVESTMENT MANAGEMENT LLC is the top institutional holder at GCO for having 1.22 million shares of worth $31.58 million. And as of 2024-06-30, it was holding 11.1742 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 1.07 million shares on 2024-06-30. The number of shares represents firm’s hold over 9.8023 of outstanding shares, having a total worth of $27.71 million.
