There is no way Genesco Inc. (GCO) can keep these numbers up

Genesco Inc. (NYSE: GCO) stock fell -1.94% on Friday to $30.34 against a previous-day closing price of $30.94. With 0.96 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.31 million shares. During the session, the Apparel Retail company that operates in wider Consumer Cyclical sector, reached to the highest price of $30.96 whereas the lowest price it dropped to was $30.13. The 52-week range on GCO shows that it touched its highest point at $53.25 and its lowest point at $17.31 during that stretch. It currently has a 1-year price target of $34.00. Beta for the stock currently stands at 1.99.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of GCO was up-trending over the past week, with a rise of 1.85%, but this was up by 2.12% over a month. Three-month performance surged to 27.64% while six-month performance fell -18.57%. The stock lost -32.61% in the past year, while it has lost -34.07% so far this year. A look at the trailing 12-month EPS for GCO yields 0.50 with Next year EPS estimates of 4.44. For the next quarter, that number is 0.85. This implies an EPS growth rate of -28.20% for this year and 93.46% for next year. EPS is expected to grow by 10.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 21.50%.

Float and Shares Shorts:

At present, 11.34 million GCO shares are outstanding with a float of 10.69 million shares on hand for trading. On Aug 30, 2023, short shares totaled 0.63 million, which was 5.51% higher than short shares on Jul 30, 2023. In addition to Ms. Mimi Eckel Vaughn as the firm’s Chairman, Pres & CEO, Mr. Thomas Allen George serves as its CFO & Sr. VP of Fin.

Institutional Ownership:

Through their ownership of 87.48% of GCO’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 42.79% of GCO, in contrast to 34.10% held by mutual funds. Shares owned by individuals account for 29.49%. As the largest shareholder in GCO with 6.99% of the stake, BlackRock Fund Advisors holds 878,133 shares worth 878,133. A second-largest stockholder of GCO, AllianceBernstein LP, holds 791,453 shares, controlling over 6.30% of the firm’s shares. Dimensional Fund Advisors LP is the third largest shareholder in GCO, holding 727,788 shares or 5.79% stake. With a 3.07% stake in GCO, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 385,373 shares are owned by the mutual fund manager. The iShares Russell 2000 ETF, which owns about 2.15% of GCO stock, is the second-largest Mutual Fund holder. It holds 270,026 shares valued at 9.26 million. DFA US Small Cap Value Portfolio holds 1.70% of the stake in GCO, owning 214,007 shares worth 7.34 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GCO since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With GCO analysts setting a high price target of $38.00 and a low target of $30.00, the average target price over the next 12 months is $34.00. Based on these targets, GCO could surge 25.25% to reach the target high and fall by -1.12% to reach the target low. Reaching the average price target will result in a growth of 12.06% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded GCO stock several times over the past three months with 8 Buys and 6 Sells. In these transactions, 37,264 shares were bought while 31,163 shares were sold. The number of buy transactions has increased to 37 while that of sell transactions has risen to 12 over the past year. The total number of shares bought during that period was 155,336 while 56,685 shares were sold.

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