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GCO $41.28

GCO target price
41.28
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0
Genesco Inc.
Type
Public
Traded as NYSE: GCO
S&P 600 Component
Industry Shoes, Apparel, Headwear
Predecessor Jarman Shoe Company
Founded 1924 (1924)
Founder James Franklin Jarman,
William Hatch Wemyss
Headquarters Nashville, Tennessee, U.S.
Area served
Worldwide
Key people
Robert J. Dennis (Chairman, President, and CEO)
Products Footwear, Headwear, Apparel
Revenue Increase US$2.6 Billion(2013)
Operating income
Increase US$169.8 Million (2013)
Net income
Increase US$112.4 Million(2013)
Total assets Increase US$1.3 Billion (2013)
Total equity Increase US$823.7 Million(2013)
Number of employees
22,700 (2013)
Subsidiaries Lids
Journeys
Dockers Footwear
Johnston & Murphy
Journeys Kidz
Shï by Journeys
Schuh
Underground by Journeys
Website genesco.com
Footnotes / references

Coordinates: 36°6′47.4″N 86°41′32.2″W / 36.113167°N 86.692278°W / 36.113167; -86.692278

Genesco Inc. is an American publicly owned specialty retailer of branded footwear, licensed and branded headwear and licensed sports apparel and accessories and is a wholesaler of branded and licensed footwear based out of Nashville, Tennessee. Through its various subsidiaries as of the end of 2013, Genesco operates 2,459 retail stores throughout the United States, Puerto Rico, Canada, the United Kingdom, and the Republic of Ireland and wholesales branded and licensed footwear to more than 1,025 retail accounts. Founded as the Jarman Shoe Company in 1924 as a footwear manufacturer, the company changed its name to the General Shoe Company in the 1930s and became a public company in 1939. The company took its current name, Genesco, in 1959. Genesco exited footwear manufacturing in 2002 and now contracts with independent, third parties located outside the United States to manufacture its branded and licensed footwear. In June 2011, Genesco acquired UK retail chain and web business Schuh. This was seen as a huge step for the business as it gave them an already well established grounding in a market outside of the U.S.

James Franklin Jarman and William Hatch Wemyss, both former salesmen for Carter Shoe Co. in Nashville, founded Jarman Shoe Company in 1924 as a footwear manufacturer. The company grew rapidly and took the name General Shoe Company in the 1930s. General Shoe Company's initial public stock offering took place in 1939.

By the 1950s, General Shoe had factories in many southern towns, especially in Genesco's home state of Tennessee. The company assumed its current name, Genesco, in 1959, two years after it was chosen as one of the stocks in the first S&P 500 Index. Under the leadership of W. Maxey Jarman, the ambitious son of co-founder J.F. Jarman, the company slowly began the process of diversifying away from strictly footwear manufacturing, especially as more of this was conducted overseas. It entered into fields such as sports, at one time manufacturing and selling football (soccer) balls and at one point owned New York department store Bonwit Teller and five-and-dime store S. H. Kress & Co.

The company suffered from over-diversification at one point, and the ongoing manufacturing operations in the Southern United States continued to depress results for a long period of time. The company was probably saved by its decision to reposition itself as a retailer. Genesco exited the business of shoe manufacturing when it closed Johnston & Murphy's Nashville, TN factory in 2002. Genesco now contracts with independent, third parties located outside the United States to manufacture its branded and licensed footwear.

The following is a list of retailers and brands owned by and licenses held by Genesco:


Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2023 2022-12-01 Future report Set alerts
Q2 2023 2022-09-01 0.59 0.59
Q1 2023 2022-05-26 0.44 0.44
Q4 2022 2022-03-10 3.48 3.48
Q3 2022 2021-12-03 2.36 2.36
Q2 2022 2021-09-02 1.05 1.05
Q1 2022 2021-05-27 0.79 0.79
Q4 2021 2021-03-11 2.76 2.76
Q3 2021 2020-12-04 0.85 0.85
Q2 2021 2020-09-03 -1.23 -1.23

Ratings

2016-06-15 Reiterated Rating Piper Jaffray Hold $62.00
2016-06-15 Reiterated Rating Piper Jaffray Cos. Hold $62.00
2016-06-02 Reiterated Rating B. Riley Neutral $68.00
2016-05-29 Reiterated Rating Jefferies Group Hold
2016-05-28 Reiterated Rating B. Riley Neutral $68.00
2016-05-26 Upgrade Robert W. Baird Neutral to Outperform $68.00 to $80.00
2016-05-24 Downgrade Piper Jaffray Overweight to Neutral $70.00 to $61.00
2016-05-23 Reiterated Rating B. Riley Neutral $68.00
2016-04-19 Downgrade Sterne Agee CRT Buy to Neutral $72.00
2016-04-01 Reiterated Rating Robert W. Baird Neutral
2016-03-19 Reiterated Rating B. Riley Neutral $70.00
2016-03-14 Reiterated Rating B. Riley Neutral $70.00
2016-03-10 Reiterated Rating Jefferies Group Hold $65.00
2016-03-09 Reiterated Rating Piper Jaffray Overweight $65.00 to $70.00
2016-03-09 Reiterated Rating B. Riley Neutral $70.00
2016-02-15 Initiated Coverage B. Riley Neutral $70.00
2016-02-10 Initiated Coverage B. Riley Neutral $70.00
2016-01-27 Reiterated Rating BB&T Corp. Hold
2016-01-20 Upgrade Piper Jaffray Neutral to Overweight $65.00
2016-01-11 Reiterated Rating Piper Jaffray Neutral $66.00 to $65.00
2016-01-11 Upgrade Morgan Stanley Equal Weight to Overweight $71.00 to $81.00
2016-01-04 Reiterated Rating Sterne Agee CRT Buy $72.00
2015-12-07 Reiterated Rating Piper Jaffray Hold $66.00
2015-11-03 Reiterated Rating Piper Jaffray Hold $67.00
2015-10-13 Upgrade Sterne Agee CRT Neutral to Buy $72.00
2015-10-08 Upgrade CL King Buy to Strong-Buy
2015-10-02 Lower Price Target Jefferies Group Hold $67.00 to $63.00
2015-09-09 Lower Price Target Susquehanna Positive $77.00 to $72.00
2015-09-04 Reiterated Rating Sterne Agee CRT Neutral
2015-09-03 Reiterated Rating Piper Jaffray Neutral $67.00
2015-07-24 Initiated Coverage Macquarie Neutral $69.00
2015-06-10 Reiterated Rating Piper Jaffray Neutral $67.00
2015-06-05 Reiterated Rating Morgan Stanley Equal Weight $74.00
2015-06-03 Downgrade Goldman Sachs Neutral to Sell $6.50 to $57.00
2015-06-03 Downgrade Goldman Sachs Group Inc. Neutral to Sell $6.50 to $57.00
2015-06-02 Reiterated Rating Sterne Agee CRT Neutral
2015-06-01 Reiterated Rating Jefferies Group Hold $69.00 to $67.00
2015-06-01 Lower Price Target Robert W. Baird Neutral $76.00 to $68.00
2015-06-01 Set Price Target Piper Jaffray Hold $67.00
2015-05-29 Reiterated Rating Piper Jaffray Neutral $69.00
2015-05-14 Reiterated Rating Piper Jaffray Neutral $69.00
2015-03-30 Downgrade Robert W. Baird Outperform to Neutral $76.00
2015-03-16 Lower Price Target Jefferies Group Hold $77.00 to $69.00
2015-03-13 Downgrade Sterne Agee CRT Buy to Neutral $85.00
2015-01-12 Set Price Target Sterne Agee CRT Buy $85.00
2014-12-10 Upgrade Goldman Sachs Sell to Neutral $66.00 to $67.00
2014-12-08 Reiterated Rating Jefferies Group Hold $82.00 to $77.00
2014-10-30 Initiated Coverage Morgan Stanley Equal Weight $82.00
2014-09-17 Initiated Coverage Piper Jaffray Neutral
2014-08-26 Boost Price Target SunTrust $90.00 to $101.00
2014-08-26 Boost Price Target SunTrust Banks Inc. $90.00 to $101.00
2014-08-25 Boost Price Target Susquehanna $85.00 to $100.00
2014-08-20 Upgrade Avondale Partners Market Perform to Outperform
2014-08-08 Initiated Coverage Jefferies Group Hold $82.00
2014-06-25 Initiated Coverage Buckingham Research Neutral $84.00
2014-05-29 Lower Price Target Goldman Sachs $62.00 to $61.00
2014-05-06 Reiterated Rating N+1 Singer Corporate
2014-04-04 Upgrade Sterne Agee CRT Neutral to Buy $74.00 to $85.00
2014-03-17 Downgrade Johnson Rice Overweight to Equal Weight
2014-03-14 Boost Price Target Susquehanna Positive $80.00 to $85.00
2014-03-05 Reiterated Rating N+1 Singer Corporate
2014-02-19 Initiated Coverage Goldman Sachs Sell $63.00
2013-12-02 Downgrade Piper Jaffray Overweight to Neutral
2013-11-26 Boost Price Target Susquehanna $78.00 to $85.00
2013-11-04 Downgrade Avondale Partners Outperform to Market Perform
2013-10-01 Boost Price Target BB&T Corp. Buy $72.00 to $75.00
2013-09-30 Reiterated Rating N+1 Singer Corporate to Corporate
2012-11-05 Upgrade BB&T Capital Mkts Hold to Buy $68
2012-03-05 Reiterated Avondale Mkt Outperform $76 to $84
2012-02-23 Reiterated Avondale Mkt Outperform $69 to $76
2011-09-01 Reiterated Avondale Mkt Outperform $55 to $61
2011-08-17 Initiated Avondale Mkt Outperform $55
2010-11-24 Reiterated Avondale Mkt Outperform $39 to $42
2010-11-19 Reiterated Avondale Mkt Outperform $36 to $39
2010-08-25 Initiated CL King Accumulate $33
2010-05-28 Reiterated Avondale Mkt Outperform $29 to $36
2009-11-06 Upgrade Robert W. Baird Neutral to Outperform $25 to $34
2009-09-24 Upgrade Susquehanna Financial Neutral to Positive
2009-09-18 Initiated Sun Trust Rbsn Humphrey Buy $28
2009-05-29 Upgrade Sterne Agee Neutral to Buy $27
2009-05-06 Upgrade Piper Jaffray Neutral to Buy $19 to $30
2009-03-03 Downgrade Susquehanna Financial Positive to Neutral
2008-05-30 Upgrade Susquehanna Financial Neutral to Positive $34
2007-08-24 Downgrade Susquehanna Financial Positive to Neutral
2007-06-19 Downgrade Wachovia Outperform to Mkt Perform
2016-06-15 Reiterated Rating Piper Jaffray Hold $62.00
2016-06-15 Reiterated Rating Piper Jaffray Cos. Hold $62.00
2016-06-02 Reiterated Rating B. Riley Neutral $68.00
2016-05-29 Reiterated Rating Jefferies Group Hold
2016-05-28 Reiterated Rating B. Riley Neutral $68.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
Dennis Robert J Chairman, President & CEO 0.95%  (229935) CXW / GCO / HCA /
GULMI JAMES S Sr VP-Finance/Chief Fin Off 0.53%  (127324) BBRG / GCO /
ESTEPA JAMES C Senior Vice President 0.42%  (101255) GCO /
VAUGHN MIMI ECKEL Sr VP - Bus Dev & Shd Svcs 0.36%  (87140) GCO /
SISSON ROGER G Sr VP, Secretary & Gen Counsel 0.34%  (81684) GCO /
CAPLAN JONATHAN D Sr Vice President 0.32%  (76203) GCO /
Kocher Kenneth Senior Vice President 0.27%  (64269) GCO / HGG /
MASON KATHLEEN 0.18%  (43493) GCO / TUES /
DIAMOND MATTHEW C 0.16%  (38723) GCO /
BAXTER DAVID Senior Vice President 0.13%  (31299) GCO /
BERRY LEONARD L 0.13%  (30742) DRI / GCO / LOW /
Bradford James W 0.10%  (24957) CBRL / CLC / GCO / GVA /
Desai Parag Sr VP-Strategy & Shared Servic 0.09%  (22384) GCO /
DICKENS MARTY G 0.09%  (21445) GCO / PNFP /
BEARD JAMES S 0.08%  (19192) GCO / R /
WILLIAMS PAUL D VP & Chief Accounting Officer 0.07%  (17516) GCO /
Blaufuss William F Jr 0.07%  (15912) GCO /
Barsh Joanna 0.06%  (14898) GCO /
McDermott Kevin Patrick 0.04%  (10609) DAKT / GCO /
MARSHALL THURGOOD JR 0.04%  (9281) CXW / GCO /
TEHLE DAVID M 0.04%  (8471) DG / GCO / JACK / USFD /