Genesco (GCO) Earns Daily Coverage Optimism Rating of 0.09

Press coverage about Genesco (NYSE:GCO) has trended somewhat positive on Thursday, Accern reports. The research group scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Genesco earned a daily sentiment score of 0.09 on Accern’s scale. Accern also gave media headlines about the company an impact score of 46.1699979751241 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:

GCO has been the topic of several recent research reports. Pivotal Research initiated coverage on Genesco in a report on Thursday, January 25th. They set a “buy” rating and a $44.00 price objective on the stock. Susquehanna Bancshares restated a “hold” rating and set a $31.00 price target on shares of Genesco in a report on Tuesday, January 16th. SunTrust Banks increased their price target on Genesco to $39.00 and gave the company a “buy” rating in a report on Tuesday, January 9th. Piper Jaffray set a $40.00 price target on Genesco and gave the company a “buy” rating in a report on Wednesday, February 14th. Finally, Zacks Investment Research lowered Genesco from a “buy” rating to a “hold” rating in a report on Monday, March 5th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $41.00.

NYSE:GCO opened at $45.30 on Thursday. Genesco has a fifty-two week low of $20.90 and a fifty-two week high of $55.90. The firm has a market cap of $910.03, a P/E ratio of 14.43, a P/E/G ratio of 1.45 and a beta of 1.06. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.59 and a current ratio of 2.72.

Genesco (NYSE:GCO) last released its quarterly earnings results on Thursday, March 15th. The company reported $2.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.09 by $0.06. Genesco had a positive return on equity of 7.07% and a negative net margin of 3.85%. The company had revenue of $930.00 million for the quarter, compared to analyst estimates of $902.00 million. During the same quarter in the prior year, the firm posted $2.15 EPS. Genesco’s quarterly revenue was up 5.3% compared to the same quarter last year. sell-side analysts forecast that Genesco will post 3.33 EPS for the current year.

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About Genesco

Genesco Inc retails and wholesales footwear, apparel, and accessories. The company's Journeys Group segment offers footwear and accessories through the Journeys, Journeys Kidz, Shi by Journeys, Little Burgundy, and Underground by Journeys retail stores, as well as through e-commerce and catalogs for young men, women, and children.

Insider Buying and Selling by Quarter for Genesco (NYSE:GCO)

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