Genesco Inc. (NYSE:GCO) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Genesco Inc. (NYSE:GCO) has been assigned an average rating of “Moderate Buy” from the five ratings firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a strong buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $36.6667.

Several equities research analysts have recently commented on the company. Seaport Research Partners cut Genesco from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 27th. Weiss Ratings lowered shares of Genesco from a “hold (c)” rating to a “sell (d+)” rating in a research note on Friday, June 12th. Zacks Research upgraded shares of Genesco from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 2nd. Jefferies Financial Group reiterated a “hold” rating on shares of Genesco in a research note on Friday, March 6th. Finally, Wall Street Zen lowered shares of Genesco from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th.

Institutional Trading of Genesco

Institutional investors have recently modified their holdings of the business. New York State Teachers Retirement System purchased a new stake in shares of Genesco in the first quarter valued at approximately $27,000. Group One Trading LLC purchased a new stake in shares of Genesco in the fourth quarter valued at approximately $26,000. Optiver Holding B.V. boosted its stake in shares of Genesco by 550.6% in the first quarter. Optiver Holding B.V. now owns 1,106 shares of the company’s stock valued at $32,000 after buying an additional 936 shares in the last quarter. Jones Financial Companies Lllp purchased a new stake in shares of Genesco in the first quarter valued at approximately $26,000. Finally, Meeder Asset Management Inc. purchased a new stake in shares of Genesco in the fourth quarter valued at approximately $37,000. 94.51% of the stock is currently owned by hedge funds and other institutional investors.

Genesco Price Performance

Shares of GCO opened at $35.78 on Tuesday. Genesco has a fifty-two week low of $19.62 and a fifty-two week high of $43.60. The company has a market capitalization of $397.52 million, a price-to-earnings ratio of 20.68 and a beta of 1.83. The firm has a 50-day simple moving average of $35.86 and a 200-day simple moving average of $30.68. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.37 and a current ratio of 1.83.

Genesco (NYSE:GCO) last announced its earnings results on Friday, May 29th. The company reported ($2.18) earnings per share for the quarter, topping the consensus estimate of ($2.58) by $0.40. Genesco had a net margin of 0.80% and a return on equity of 2.66%. The business had revenue of $487.03 million during the quarter, compared to the consensus estimate of $474.33 million. Genesco has set its FY 2027 guidance at 2.000-2.400 EPS. On average, equities research analysts anticipate that Genesco will post 2.25 earnings per share 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.