Extremely significant negative changes in Genesco Inc. (NYSE: GCO) investment behavior have recently occurred: negative upside/downside volume developed, and its shorter term price trend turned down.
Recent meaningful negative changes in fundamentals have affected Genesco Inc. (NYSE: GCO): the consensus estimate for January, 2024 decreased significantly, and the consensus estimate for January, 2025 decreased significantly.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, GCO is expected to be Value Creation neutral.
Genesco has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Genesco has a good Appreciation Score of 81 but a slightly negative Power Rating of 38, triggering the High Neutral Value Trend Rating.
Recent Price Action
On 9/25/24, Genesco Inc. (NYSE: GCO) stock declined modestly by -1.8%, closing at $26.41. However, unusually low trading volume at 58% of normal accompanied the decline. Relative to the market the stock has been weak over the last nine months and has declined -2.5% during the last week.
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