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

Shares of Genesco Inc. (NYSE:GCO) have been given a consensus rating of “Moderate Buy” by the five ratings firms that are currently covering the stock, MarketBeat.com reports. One equities research 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 1 year price target among brokers that have covered the stock in the last year is $36.6667.

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

Insiders Place Their Bets

In other news, Director Gregory A. Sandfort acquired 2,958 shares of the company’s stock in a transaction on Thursday, July 9th. The shares were bought at an average cost of $33.80 per share, with a total value of $99,980.40. Following the purchase, the director owned 29,172 shares of the company’s stock, valued at $986,013.60. This represents a 11.28% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 23.11% of the stock is currently owned by company insiders.

Institutional Trading of Genesco

Hedge funds have recently made changes to their positions in the company. Fund 1 Investments LLC boosted its holdings in shares of Genesco by 3.5% in the fourth quarter. Fund 1 Investments LLC now owns 986,241 shares of the company’s stock valued at $24,429,000 after acquiring an additional 33,044 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Genesco by 23.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 409,227 shares of the company’s stock worth $10,137,000 after purchasing an additional 76,494 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its position in Genesco by 50.0% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 300,000 shares of the company’s stock valued at $7,431,000 after purchasing an additional 100,000 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in Genesco by 6.7% in the third quarter. Arrowstreet Capital Limited Partnership now owns 290,639 shares of the company’s stock valued at $8,426,000 after purchasing an additional 18,184 shares during the period. Finally, Bridgeway Capital Management LLC boosted its holdings in Genesco by 29.7% in the 2nd quarter. Bridgeway Capital Management LLC now owns 238,252 shares of the company’s stock valued at $4,691,000 after purchasing an additional 54,498 shares in the last quarter. Institutional investors and hedge funds own 94.51% of the company’s stock.

Genesco Trading Down 1.0%

Shares of Genesco stock opened at $36.95 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 company has a market capitalization of $410.55 million, a P/E ratio of 21.36 and a beta of 1.83. Genesco has a 1 year low of $21.92 and a 1 year high of $43.60. The company’s fifty day moving average is $35.71 and its two-hundred day moving average is $31.98.

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 $474.32 million. Genesco has set its FY 2027 guidance at 2.000-2.400 EPS. Analysts forecast that Genesco will post 2.25 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.