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

Genesco Inc. (NYSE:GCO) has been assigned a consensus rating of “Moderate Buy” from the five analysts that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a strong buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $36.6667.

GCO has been the subject of a number of research analyst reports. Zacks Research raised Genesco from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 2nd. Seaport Research Partners downgraded Genesco from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 27th. Truist Financial set a $40.00 target price on shares of Genesco in a research note on Friday, May 29th. Wall Street Zen downgraded shares of Genesco from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Finally, Weiss Ratings downgraded Genesco from a “hold (c)” rating to a “sell (d+)” rating in a research note on Friday, June 12th.

Insider Transactions at Genesco

In other news, Director Gregory A. Sandfort acquired 2,958 shares of the firm’s stock in a transaction on Thursday, July 9th. The stock was acquired at an average price of $33.80 per share, for a total transaction of $99,980.40. Following the completion of the acquisition, the director owned 29,172 shares in the company, valued at $986,013.60. This trade represents a 11.28% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 23.11% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in GCO. Group One Trading LLC bought a new stake in shares of Genesco during the fourth quarter worth $26,000. Jones Financial Companies Lllp acquired a new position in Genesco during the first quarter worth $26,000. New York State Teachers Retirement System acquired a new stake in Genesco during the 1st quarter worth $27,000. Optiver Holding B.V. lifted its position in Genesco by 550.6% during the first quarter. Optiver Holding B.V. now owns 1,106 shares of the company’s stock worth $32,000 after buying an additional 936 shares in the last quarter. Finally, Meeder Asset Management Inc. purchased a new position in shares of Genesco during the 4th quarter worth $37,000. 94.51% of the stock is currently owned by institutional investors.

Genesco Stock Performance

Shares of GCO stock opened at $35.92 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.37 and a current ratio of 1.83. The firm has a market cap of $399.07 million, a P/E ratio of 20.76 and a beta of 1.83. The firm’s 50 day moving average price is $35.97 and its 200-day moving average price is $32.28. Genesco has a one year low of $21.92 and a one year high of $43.60.

Genesco (NYSE:GCO) last issued its quarterly earnings data on Friday, May 29th. The company reported ($2.18) earnings per share (EPS) for the quarter, topping the consensus estimate of ($2.58) by $0.40. The company had revenue of $487.03 million for the quarter, compared to analyst estimates of $474.32 million. Genesco had a return on equity of 2.66% and a net margin of 0.80%.Genesco has set its FY 2027 guidance at 2.000-2.400 EPS. As a group, equities research analysts predict that Genesco will post 2.25 EPS 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.