Genesco downgraded by Seaport Research Partners
$GCO
Clothing/Shoe/Accessory Stores
Consumer Discretionary
Seaport Research Partners downgraded Genesco from Buy to Neutral
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/5/2024 | $43.00 → $31.00 | Buy → Neutral | B. Riley Securities |
| 12/15/2023 | $43.00 | Buy | B. Riley Securities |
| 12/4/2023 | Buy → Neutral | Seaport Research Partners | |
| 3/28/2023 | $50.00 | Neutral → Buy | Seaport Research Partners |
| 8/30/2022 | Buy → Neutral | Seaport Research Partners | |
| 1/18/2022 | $72.00 | Buy | Seaport Research Partners |
| 11/30/2021 | $64.00 | Hold | Jefferies |
Genesco Inc. (NYSE:GCO) today announced that the Company will report results for the third quarter fiscal 2025 on December 6, 2024, before the market opens, and hold its quarterly earnings conference call at 7:30 a.m. (Central time) the same day. A live audio webcast of the conference call will be available at https://www.genesco.com/investor-relations/news-events/events An audio archive of the call will be available for up to one year at https://www.genesco.com/investor-relations/news-events/events In addition, a summary of the third quarter results will be available on the Genesco website on December 6, 2024 at https://www.genesco.com/investor-relations/news-events/events Abou
A photo is available on Business Wire's website and the Associated Press photo network of more than 150 Genesco employees fitting approximately 250 students at Ida B. Wells Elementary School in Nashville with new shoes from the Nashville-based footwear focused retailer in celebration of its 100th anniversary. The photo is courtesy of Genesco, Inc. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241003973121/en/More than 150 Genesco employees fitted approximately 250 students at Ida B. Wells Elementary School in Nashville today with new shoes from Nashville-based footwear focused retailer in celebration of its 100th anniversary. Ge
--A proven CFO, finance leader and seasoned global retail and consumer brands executive, Harris adds significantly to Genesco's deep leadership bench-- Genesco Inc. (NYSE:GCO), after a broad search process, today announced the appointment of Cassandra "Sandra" Harris as Senior Vice President, Finance and Chief Financial Officer, effective October 7, 2024. Harris succeeds Thomas A. George, whose planned retirement will take effect on December 12, 2024 to ensure an orderly transition. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240930244006/en/Cassandra "Sandra" Harris, Genesco Senior Vice President, Finance and Chief Financial
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B. Riley Securities downgraded Genesco from Buy to Neutral and set a new price target of $31.00 from $43.00 previously
B. Riley Securities initiated coverage of Genesco with a rating of Buy and set a new price target of $43.00
Seaport Research Partners downgraded Genesco from Buy to Neutral
Genesco Inc (NYSE:GCO) shares are trading higher after the company reported better-than-expected first-quarter FY25 earnings. The company reported a first-quarter sales decline of 5.3% year-on-year to $457.60 million, beating the analyst’s consensus estimate of $445.05 million. The sales decrease was driven by a decline in store sales, decreased wholesale sales and the impact of net store closings. Total comparable sales declined 5%. Comparable e-commerce sales increased 3%; comparable store sales decreased 7%. E-commerce sales represented 23% of retail sales compared to 21% last year. Overall sales dropped 5% at Journeys, slipped 1% at Schuh, 4% at Johnston & Murphy, and decrea
Stocks look set to end May on a positive note, even as index futures pointed to a negative opening on Friday. But sentiment could reverse if important inflation data due ahead of the market open appeases Wall Street. The inflation data assumes importance as it could have a bearing on the June 11-12 Federal Reserve’s rate-setting meeting, with the May consumer price inflation report due only on May 12. Reactions to earnings, especially from the tech and retail spaces, have been mixed. FuturesPerformance (+/-)Nasdaq 100-0.48%S&P 500-0.31%Dow-0.15%R2K-0.57% In premarket trading on Friday, the SPDR S&P 500 ETF Trust (NYSE:SPY) fell 0.26% to $521.27, and the Invesco QQQ ETF (NASDAQ:QQQ) tra
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--A proven CFO, finance leader and seasoned global retail and consumer brands executive, Harris adds significantly to Genesco's deep leadership bench-- Genesco Inc. (NYSE:GCO), after a broad search process, today announced the appointment of Cassandra "Sandra" Harris as Senior Vice President, Finance and Chief Financial Officer, effective October 7, 2024. Harris succeeds Thomas A. George, whose planned retirement will take effect on December 12, 2024 to ensure an orderly transition. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240930244006/en/Cassandra "Sandra" Harris, Genesco Senior Vice President, Finance and Chief Financial
--Accomplished Global Brand Executive Will Lead All Marketing Functions-- Journeys announced today the appointment of Stacy Doren as Executive Vice President and Chief Marketing Officer of the Journeys Group, effective August 1, 2024. An accomplished global brand executive, Doren will lead all marketing functions, building on Journeys' foundation as a leader in teen fashion footwear retail. "Stacy is an exceptional marketing leader with a resolute commitment to consumer-centric strategies. Her brand-building capabilities and strategic foresight make her the ideal partner in shaping Journeys' future chapters," said Journeys Group President Andy Gray. Doren joins Journeys after an imp
Exceptional brand strategist and merchant tapped to lead the buying and merchandising team for the iconic teen footwear retailer Genesco Inc. (NYSE:GCO) announced today the appointment of Chris Santaella as executive vice president and chief merchandising officer of the Journeys Group, effective February 5, 2024. Santaella replaces Pete Hicks who retired in October 2023. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240104920807/en/GCO) announced today the appointment of Chris Santaella as executive vice president and chief merchandising officer of the Journeys Group, effective February 5, 2024. Santaella replaces Pete Hicks
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Genesco Inc. (NYSE:GCO) today announced that the Company will report results for the third quarter fiscal 2025 on December 6, 2024, before the market opens, and hold its quarterly earnings conference call at 7:30 a.m. (Central time) the same day. A live audio webcast of the conference call will be available at https://www.genesco.com/investor-relations/news-events/events An audio archive of the call will be available for up to one year at https://www.genesco.com/investor-relations/news-events/events In addition, a summary of the third quarter results will be available on the Genesco website on December 6, 2024 at https://www.genesco.com/investor-relations/news-events/events Abou
Financial Performance Exceeds Expectations, Driven by Journeys Reaffirms Fiscal 2025 EPS Outlook Genesco Inc. (NYSE:GCO) today reported second quarter results for the three months ended August 3, 2024. Second Quarter Fiscal 2025 Financial Summary Total net sales increased to $525 million; comparable sales decreased 2% Comparable e-commerce sales increased 8%; comparable store sales decreased 4% E-commerce sales represented 22% of retail sales compared to 21% last year GAAP EPS was ($0.91) and Non-GAAP EPS was ($0.83)1 Inventory decreased 8% year-over-year Repurchased $9.3 million of stock with $42.8 million remaining on the expanded share repurchase authorization ann
Genesco Inc. (NYSE:GCO) today announced that the Company will report results for the second quarter fiscal 2025 on September 6, 2024, before the market opens, and hold its quarterly earnings conference call at 7:30 a.m. (Central time) the same day. A live audio webcast of the conference call will be available at https://www.genesco.com/investor-relations/news-events/events An audio archive of the call will be available for up to one year at https://www.genesco.com/investor-relations/news-events/events In addition, a summary of the second quarter results will be available on the Genesco website on September 6, 2024 at https://www.genesco.com/investor-relations/news-events/events