Last Updated: 13 Sep 2024
Executive Summary
Genesco Inc. (GCO) is a retailer and wholesaler of footwear, apparel, and accessories. The company has a market capitalization of $306.2 million and trades on the NYSE. The latest stock price is $24.23.
Genesco has been facing challenges in recent years due to the COVID-19 pandemic and the rise of online retailers. However, the company has taken steps to improve its operations, including closing underperforming stores and investing in e-commerce.
Company Overview
Genesco was founded in 1923 and is headquartered in Nashville, Tennessee. The company operates over 1,400 stores in the United States and Canada. Genesco's brands include Journeys, Journeys Kidz, Schuh, and Johnston & Murphy.
Fundamental Analysis
Genesco's financial performance has been mixed in recent years. The company's revenue has declined in each of the past three years. However, Genesco's gross profit margin has improved in recent quarters.
Genesco's earnings per share (EPS) have been negative in each of the past three years. The company's EPS is expected to be negative in 2023.
Genesco's balance sheet is strong. The company has a low level of debt and a high level of cash.
Technical Analysis
Genesco's stock price has been trending down in recent months. The stock is currently trading below its 50-day and 200-day moving averages.
Genesco's relative strength index (RSI) is currently at 30. This indicates that the stock is oversold.
Short Term Outlook
Genesco's stock price is likely to remain under pressure in the short term. The company is facing challenges from the COVID-19 pandemic and the rise of online retailers.
Long Term Outlook
Genesco's long-term outlook is more positive. The company has a strong brand portfolio and a loyal customer base. Genesco is also investing in e-commerce, which is a key growth driver for the retail industry.
Analyst Recommendations
Analysts are divided on Genesco's stock. Two analysts have a hold rating on the stock, while no analysts have a buy or sell rating.
The average analyst target price for Genesco is $27. This suggests that analysts believe that the stock is undervalued.
