Genesco Inc. (NYSE:GCO) Faces Legal Investigation Amid Financial Challenges
GenescoGenesco(US:GCO) Financial Modeling Prep·2025-12-05 04:08

Core Viewpoint - Genesco Inc. is facing significant challenges, including a stock price drop and an investigation for potential non-compliance with federal securities laws, which has raised concerns among investors [2][5]. Financial Performance - Genesco's third-quarter results indicated margin pressure at Schuh and a cautious sales outlook, leading to a revision of the full-year forecast with expected adjusted earnings per share around $0.95 [2]. - The company's stock price experienced a decline of approximately -30.84%, dropping by $10.87, with daily fluctuations between $22.05 and $26.29 [3][5]. Market Position - Genesco's current market capitalization is approximately $263.18 million, reflecting its valuation in the market [4]. - The stock is actively traded on the NYSE, with a trading volume of 749,804 shares [4]. Analyst Insights - Jefferies has set a price target of $26 for Genesco, suggesting a potential upside of about 6.64% from the current trading price of $24.38 [1][5].

Genesco Inc. (NYSE:GCO) Faces Legal Investigation Amid Financial Challenges - Reportify