Genesco Inc. (NYSE:GCO) Given Average Recommendation of “Hold” by Analysts

Shares of Genesco Inc. (NYSE:GCO) have been given a consensus recommendation of “Hold” by the five ratings firms that are covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $34.00.

Several brokerages have issued reports on GCO. Truist Financial decreased their price objective on shares of Genesco from $38.00 to $32.00 and set a “hold” rating for the company in a research note on Monday, March 9th. Seaport Research Partners downgraded shares of Genesco from a “buy” rating to a “neutral” rating in a research note on Wednesday. Wall Street Zen downgraded shares of Genesco from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Jefferies Financial Group reissued a “hold” rating on shares of Genesco in a research note on Friday, March 6th. Finally, Weiss Ratings raised shares of Genesco from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 15th.

Institutional Trading of Genesco

Institutional investors have recently added to or reduced their stakes in the company. New York State Teachers Retirement System bought a new stake in Genesco in the first quarter worth about $27,000. Group One Trading LLC bought a new stake in shares of Genesco during the fourth quarter valued at approximately $26,000. Jones Financial Companies Lllp bought a new stake in shares of Genesco during the first quarter valued at approximately $26,000. Meeder Asset Management Inc. bought a new stake in shares of Genesco during the fourth quarter valued at approximately $37,000. Finally, BNP Paribas Financial Markets raised its stake 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 valued at $57,000 after acquiring an additional 941 shares in the last quarter. Institutional investors own 94.51% of the company’s stock.

Genesco Trading Down 2.1%

GCO opened at $36.38 on Friday. The firm has a market cap of $395.10 million, a P/E ratio of 32.20 and a beta of 1.82. Genesco has a 12 month low of $19.62 and a 12 month high of $38.95. The company has a current ratio of 1.64, a quick ratio of 0.49 and a debt-to-equity ratio of 0.01. The stock has a 50-day moving average of $32.34 and a 200 day moving average of $30.03.

Genesco (NYSE:GCO) last announced its quarterly earnings data on Friday, March 6th. The company reported $3.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.73 by $0.01. The business had revenue of $799.94 million during the quarter, compared to the consensus estimate of $476.67 million. Genesco had a net margin of 0.54% and a return on equity of 2.92%. Genesco has set its FY 2027 guidance at 1.900-2.300 EPS. As a group, research analysts forecast that Genesco will post 2.15 EPS for the current year.

Genesco Company Profile

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.