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GCO
Stock ticker:
NYSE
AS OF
Jul 1 closing price
Price
$49.50
Change
-$0.36 (-0.72%)
Capitalization
685.2M

GCO Price Prediction, Genesco AI Recommendations

Stock market charts, price targets, analyst ratings and a financial calendar
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A.I.Advisor
a Summary for AAPL with price predictions
12:00 AM EDT Jul 01, 2022

GCO sees its 50-day moving average cross bearishly below its 200-day moving average

The 50-day moving average for GCO moved below the 200-day moving average on June 01, 2022. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on June 29, 2022. You may want to consider selling the stock, shorting the stock, or exploring put options on GCO as a result. In of 99 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for GCO turned negative on June 30, 2022. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 48 similar instances when the indicator turned negative. In of the 48 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where GCO declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for GCO entered a downward trend on June 03, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The RSI Indicator entered the oversold zone -- be on the watch for GCO's price rising or consolidating in the future. That's also the time to consider buying the stock or exploring call options.

The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where GCO advanced for three days, in of 309 cases, the price rose further within the following month. The odds of a continued upward trend are .

GCO may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.134) is normal, around the industry mean (5.913). P/E Ratio (6.439) is within average values for comparable stocks, (25.423). GCO's Projected Growth (PEG Ratio) (0.000) is very low in comparison to the industry average of (1.603). GCO has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.036). P/S Ratio (0.292) is also within normal values, averaging (1.709).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 80, placing this stock slightly better than average.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. GCO’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

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A.I.Advisor
published price charts
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A.I. Advisor
published Earnings

GCO is expected to report earnings to rise 57.57% to 69 cents per share on September 01

Genesco GCO Stock Earnings Reports
Q3'22
Est.
$0.69
Q2'22
Beat
by $0.53
Q1'22
Beat
by $0.83
Q4'21
Beat
by $1.07
Q3'21
Beat
by $1.02
The last earnings report on May 26 showed earnings per share of 43 cents, beating the estimate of -9 cents. With 217.78K shares outstanding, the current market capitalization sits at 685.20M.
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A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are TJX Companies (NYSE:TJX), lululemon athletica (NASDAQ:LULU), Gap (The) (NYSE:GPS), Foot Locker (NYSE:FL), Guess (NYSE:GES), Abercrombie & Fitch Co (NYSE:ANF), Stitch Fix (NASDAQ:SFIX).

Industry description

Companies in the apparel and/or footwear retail industry sell clothing, accessories and footwear, for different age groups and genders. The industry’s product categories could range from basics, such as underwear, to luxury items. Some retailers source items from wholesalers or an apparel brand to sell in their stores; some others are licensed to make and market their own retail goods under particular brands. Several companies outsource production of clothing to developing/emerging economies where labor costs are relatively inexpensive. Apparel retail is often influenced by fashion trends, and many companies feel the need to adapt to what’s “in vogue” to retain customers and attract new ones. A major disruption in this industry has been the burgeoning trend in digital shopping – to compete with rapidly growing e-commerce, even traditional retail players are upping the ante on their online platforms. Much of the products’ performance in apparel/footwear retail is cyclical, i.e., economic boom times encourage consumer spending, while recessions induce thriftiness among people. Some large-cap U.S. apparel/footwear retail companies include TJX Companies Inc., Ross Stores, Inc., Lululemon Athletica Inc. and Burlington Stores, Inc.

Market Cap

The average market capitalization across the Apparel/Footwear Retail Industry is 7.62B. The market cap for tickers in the group ranges from 256K to 71.7B. IDEXY holds the highest valuation in this group at 71.7B. The lowest valued company is DESTQ at 256K.

High and low price notable news

The average weekly price growth across all stocks in the Apparel/Footwear Retail Industry was -6%. For the same Industry, the average monthly price growth was -12%, and the average quarterly price growth was -24%. XTPEF experienced the highest price growth at 16%, while SFIX experienced the biggest fall at -21%.

Volume

The average weekly volume growth across all stocks in the Apparel/Footwear Retail Industry was -81%. For the same stocks of the Industry, the average monthly volume growth was -68% and the average quarterly volume growth was -30%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 52
P/E Growth Rating: 67
Price Growth Rating: 67
SMR Rating: 24
Profit Risk Rating: 80
Seasonality Score: -15 (-100 ... +100)
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published General Information

General Information

a retailer of and wholesales footwear, apparel and accessories

Industry ApparelFootwearRetail

Profile
Fundamentals
Details
Industry
Apparel Or Footwear Retail
Address
1415 Murfreesboro Pike
Phone
+1 615 367-7000
Employees
18000
Web
https://www.genesco.com

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GCO and Stocks

Correlation & Price change

A.I.dvisor indicates that over the last year, GCO has been closely correlated with SCVL. These tickers have moved in lockstep 74% of the time. This A.I.-generated data suggests there is a high statistical probability that if GCO jumps, then SCVL could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To GCO
1D Price
Change %
GCO100%
-0.82%
SCVL - GCO
74%
Closely correlated
-1.62%
BKE - GCO
73%
Closely correlated
-0.90%
DBI - GCO
72%
Closely correlated
-2.57%
ZUMZ - GCO
72%
Closely correlated
-2.65%
AEO - GCO
71%
Closely correlated
+2.33%
More