Genesco Inc. (NYSE:GCO – Get Free Report)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $30.68 and traded as high as $35.92. Genesco shares last traded at $35.78, with a volume of 277,419 shares traded.
Analyst Ratings Changes
Several equities analysts have weighed in on the company. Weiss Ratings cut Genesco from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, June 12th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Genesco in a report on Friday, March 6th. Wall Street Zen downgraded Genesco from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Truist Financial set a $40.00 target price on shares of Genesco in a report on Friday, May 29th. Finally, Seaport Research Partners cut shares of Genesco from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 27th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Genesco has an average rating of “Moderate Buy” and an average price target of $36.67.
Get Our Latest Report on Genesco
Genesco Trading Up 4.4%
Genesco (NYSE:GCO – Get Free Report) last issued its quarterly earnings data 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 return on equity of 2.66% and a net margin of 0.80%.The company had revenue of $487.03 million for the quarter, compared to analysts’ expectations of $474.32 million. Genesco has set its FY 2027 guidance at 2.000-2.400 EPS. Analysts predict that Genesco Inc. will post 2.25 earnings per share for the current year.
Institutional Trading of Genesco
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Group One Trading LLC bought a new position in Genesco during the fourth quarter valued at $26,000. Jones Financial Companies Lllp bought a new stake in shares of Genesco in the 1st quarter worth about $26,000. New York State Teachers Retirement System bought a new stake in shares of Genesco in the 1st quarter worth about $27,000. Optiver Holding B.V. boosted its stake in shares of Genesco by 550.6% during the 1st quarter. Optiver Holding B.V. now owns 1,106 shares of the company’s stock worth $32,000 after purchasing an additional 936 shares during the period. Finally, Meeder Asset Management Inc. purchased a new position in shares of Genesco during the 4th quarter worth about $37,000. Hedge funds and other institutional investors own 94.51% of the company’s stock.
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.
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