Genesco Inc. (NYSE:GCO) Receives Consensus Rating of “Hold” from Analysts

Genesco Inc. (NYSE:GCO) has received a consensus rating of “Hold” from the five analysts that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $36.00.

A number of brokerages have weighed in on GCO. Truist Financial set a $38.00 price target on shares of Genesco in a report on Wednesday, January 14th. Jefferies Financial Group reaffirmed a “hold” rating and set a $32.00 price objective on shares of Genesco in a research report on Monday, January 12th. Williams Trading raised Genesco to a “strong-buy” rating in a research report on Monday, January 12th. Weiss Ratings restated a “sell (d+)” rating on shares of Genesco in a research note on Wednesday, December 24th. Finally, Wall Street Zen cut Genesco from a “buy” rating to a “hold” rating in a report on Saturday, November 8th.

Institutional Trading of Genesco

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Pzena Investment Management LLC raised its position in Genesco by 44.4% in the second quarter. Pzena Investment Management LLC now owns 1,433,190 shares of the company’s stock worth $28,220,000 after purchasing an additional 440,837 shares in the last quarter. Acadian Asset Management LLC grew its stake in shares of Genesco by 0.3% in the 2nd quarter. Acadian Asset Management LLC now owns 412,527 shares of the company’s stock valued at $8,119,000 after purchasing an additional 1,238 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in shares of Genesco by 6.7% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 290,639 shares of the company’s stock worth $8,426,000 after buying an additional 18,184 shares in the last quarter. Bridgeway Capital Management LLC raised its holdings in shares of Genesco by 29.7% in the 2nd quarter. Bridgeway Capital Management LLC now owns 238,252 shares of the company’s stock worth $4,691,000 after buying an additional 54,498 shares in the last quarter. Finally, ING Groep NV lifted its position in shares of Genesco by 90.9% during the 3rd quarter. ING Groep NV now owns 210,000 shares of the company’s stock worth $6,088,000 after buying an additional 100,000 shares during the period. Institutional investors own 94.51% of the company’s stock.

Genesco Stock Performance

GCO opened at $33.99 on Friday. The company has a quick ratio of 0.30, a current ratio of 1.58 and a debt-to-equity ratio of 0.14. The stock’s 50 day moving average price is $29.20 and its two-hundred day moving average price is $28.80. The firm has a market capitalization of $366.78 million, a P/E ratio of -188.85 and a beta of 1.81. Genesco has a 12-month low of $16.19 and a 12-month high of $43.81.

Genesco (NYSE:GCO) last posted its quarterly earnings data on Thursday, December 4th. The company reported $0.79 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.08). The firm had revenue of $616.22 million during the quarter, compared to the consensus estimate of $618.62 million. During the same period last year, the company earned $0.61 earnings per share. Genesco has set its FY 2026 guidance at 0.950-0.95 EPS. On average, equities analysts forecast that Genesco will post 0.94 earnings per share for the current year.

About Genesco

Genesco Inc is a Nashville, Tennessee-based retailer, wholesaler and licensee specializing in branded footwear, headwear, apparel and accessories. Through its portfolio of retail chains, wholesale distribution channels and licensing agreements, Genesco brings a range of product offerings to consumers in North America and Europe.

The company’s retail segment includes specialty chains such as Journeys, which targets fashion-focused teens and young adults in the United States and Canada, and Schuh, a footwear retailer with locations in the United Kingdom and Ireland.