Analysts Set Genesco Inc. (NYSE:GCO) Price Target at $34.00

Genesco Inc. (NYSE:GCO) has earned a consensus rating of “Hold” from the five analysts that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $34.00.

GCO has been the topic of a number of recent research reports. Truist Financial dropped their price target on Genesco from $38.00 to $32.00 and set a “hold” rating on the stock in a research report on Monday, March 9th. Weiss Ratings reissued a “sell (d+)” rating on shares of Genesco in a report on Wednesday, December 24th. Jefferies Financial Group restated a “hold” rating on shares of Genesco in a research note on Friday, March 6th. Zacks Research raised shares of Genesco from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 14th. Finally, UBS Group set a $38.00 target price on shares of Genesco in a research report on Friday, December 5th.

Genesco Trading Up 1.2%

Shares of GCO stock opened at $25.67 on Friday. The company has a quick ratio of 0.49, a current ratio of 1.64 and a debt-to-equity ratio of 0.01. The firm has a market cap of $277.00 million, a P/E ratio of 22.71 and a beta of 1.86. The company has a 50 day moving average of $29.36 and a 200-day moving average of $29.40. Genesco has a 12-month low of $16.19 and a 12-month high of $38.95.

Genesco (NYSE:GCO) last posted its quarterly earnings data on Friday, March 6th. The company reported $3.74 EPS for the quarter, beating the consensus estimate of $3.73 by $0.01. Genesco had a return on equity of 2.92% and a net margin of 0.54%.The business had revenue of $799.94 million for the quarter, compared to the consensus estimate of $476.67 million. Genesco has set its FY 2027 guidance at 1.900-2.300 EPS. Sell-side analysts anticipate that Genesco will post 0.94 earnings per share for the current year.

Institutional Trading of Genesco

Institutional investors have recently modified their holdings of the business. Group One Trading LLC bought a new position in Genesco in the 4th quarter worth approximately $26,000. Jones Financial Companies Lllp bought a new stake in Genesco during the 1st quarter valued at $26,000. Meeder Asset Management Inc. purchased a new stake in shares of Genesco during the fourth quarter worth $37,000. BNP Paribas Financial Markets lifted its position in shares of Genesco by 92.3% during the third quarter. BNP Paribas Financial Markets now owns 1,960 shares of the company’s stock worth $57,000 after acquiring an additional 941 shares in the last quarter. Finally, Quarry LP boosted its holdings in shares of Genesco by 182.2% in the third quarter. Quarry LP now owns 1,964 shares of the company’s stock worth $57,000 after acquiring an additional 1,268 shares during the period. 94.51% of the stock is currently owned by hedge funds and other institutional investors.

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.