GCO Stock Summary and Trading Ideas (Genesco | NYSE:GCO)

Genesco Inc sells footwear, headwear, sports apparel, and accessories. The company has four reportable segments namely Journeys Group, derives maximum revenue which comprised of Journeys, Journeys Kidz, and Little Burgundy retail footwear chains, e-commerce operations, and catalog. Its Schuh Group is comprised of the Schuh retail footwear chain and e-commerce operations. The Johnston & Murphy Group is comprised of Johnston & Murphy retail operations, e-commerce operations, and catalog and wholesale distribution of products under the Johnston & Murphy and Genesco Brands Group. Licensed Brands, comprised of Dockers Footwear, under a license from Levi Strauss & Company.

Genesco trades on the NYSE stock market under the symbol GCO.

As of April 25, 2024, GCO stock price declined to $26.08 with 15,289 million shares trading.

GCO has a beta of 1.84, meaning it tends to be more sensitive to market movements. GCO has a correlation of 0.10 to the broad based SPY ETF.

GCO has a market cap of $299.30 million. This is considered a Small Cap stock.

Last quarter Genesco reported $739 million in Revenue and $2.59 earnings per share. This beat revenue expectation by $33 million and missed earnings estimates by -$.45.

In the last 3 years, GCO stock traded as high as $73.72 and as low as $17.31.

The top ETF exchange traded funds that GCO belongs to (by Net Assets): VTI, IWM, FNDA, VXF, AVUV.

GCO has underperformed the market in the last year with a return of -27.8%, while the SPY ETF gained +23.1%. In the last 3 month period, GCO fell short of the market, returning -7.0%, while SPY returned +3.6%. However, in the most recent 2 weeks GCO has outperformed the stock market by returning -1.1%, while SPY returned -2.5%.

GCO support price is $25.82 and resistance is $27.28 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GCO stock will trade within this expected range on the day.