Media coverage about Genesco (NYSE:GCO) has been trending somewhat positive on Thursday, according to AlphaOne Sentiment Analysis. The research firm, a subsidiary of Accern, identifies negative and positive media coverage by analyzing more than 20 million blog and news sources. AlphaOne ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Genesco earned a media sentiment score of 0.16 on AlphaOne’s scale. AlphaOne also gave news headlines about the company an impact score of 0 out of 100, meaning that recent media coverage is extremely unlikely to have an effect on the company’s share price in the next several days.
Here are some of the news headlines that may have impacted Alpha One Sentiment’s rankings:
- Genesco rallies off of Journeys momentum (seekingalpha.com)
- Genesco Inc. (GCO) Stock Rating Upgraded by Piper Jaffray Companies (americanbankingnews.com)
- ETFs with exposure to Genesco, Inc. : April 17, 2017 (finance.yahoo.com)
- Very Favorable Press Coverage Somewhat Likely to Effect Genesco (GCO) Stock Price (americanbankingnews.com)
Genesco (NYSE:GCO) traded up 5.46% on Thursday, hitting $54.05. The company had a trading volume of 548,141 shares. The stock’s 50-day moving average price is $55.49 and its 200 day moving average price is $59.56. Genesco has a one year low of $47.66 and a one year high of $74.21. The company has a market capitalization of $1.06 billion, a P/E ratio of 11.19 and a beta of 1.28.
Genesco (NYSE:GCO) last released its earnings results on Friday, March 10th. The company reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.37. The company earned $883 million during the quarter, compared to analyst estimates of $901.35 million. Genesco had a return on equity of 10.10% and a net margin of 3.34%. Genesco’s quarterly revenue was down 5.3% on a year-over-year basis. During the same period in the prior year, the company posted $2.11 earnings per share. On average, analysts expect that Genesco will post $4.46 EPS for the current fiscal year.
A number of research firms have recently commented on GCO. Zacks Investment Research raised Genesco from a “hold” rating to a “buy” rating and set a $67.00 price target on the stock in a research report on Monday, February 6th. B. Riley reaffirmed a “neutral” rating and set a $65.00 price target on shares of Genesco in a research report on Monday, March 13th. Piper Jaffray Companies set a $63.00 price target on Genesco and gave the stock a “hold” rating in a research report on Saturday, March 11th. Finally, TheStreet lowered Genesco from a “b-” rating to a “c+” rating in a research report on Monday, February 6th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $63.71.
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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. Its Journeys Group segment includes Journeys, Journeys Kidz, Shi by Journeys, Little Burgundy and Underground by Journeys retail stores, catalog and e-commerce operations.
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