Genesco Inc. (NYSE:GCO – Get Free Report) has received an average recommendation of “Hold” from the five ratings firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $36.6667.
A number of analysts have recently issued reports on GCO shares. Zacks Research lowered shares of Genesco from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 31st. Weiss Ratings downgraded shares of Genesco from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, June 12th. Wall Street Zen downgraded shares of Genesco from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Seaport Research Partners lowered shares of Genesco from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 27th. Finally, Truist Financial set a $40.00 target price on shares of Genesco in a research report on Friday, May 29th.
View Our Latest Stock Report on GCO
Insider Activity at Genesco
Institutional Trading of Genesco
Institutional investors have recently bought and sold shares of the company. Pzena Investment Management LLC acquired a new position in Genesco in the 2nd quarter worth about $37,104,000. BlackRock Inc. acquired a new stake in shares of Genesco during the 2nd quarter valued at about $30,730,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Genesco by 371.2% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 272,455 shares of the company’s stock valued at $5,365,000 after buying an additional 214,639 shares during the last quarter. Shay Capital LLC bought a new stake in shares of Genesco in the 2nd quarter valued at approximately $4,027,000. Finally, JPMorgan Chase & Co. grew its stake in shares of Genesco by 2,995.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 167,155 shares of the company’s stock valued at $4,846,000 after buying an additional 161,755 shares in the last quarter. Institutional investors and hedge funds own 94.51% of the company’s stock.
Genesco Stock Down 2.0%
NYSE:GCO opened at $36.94 on Wednesday. The business’s fifty day moving average price is $36.65 and its 200 day moving average price is $32.83. The firm has a market capitalization of $410.39 million, a price-to-earnings ratio of 21.35 and a beta of 1.83. The company has a current ratio of 1.83, a quick ratio of 0.37 and a debt-to-equity ratio of 0.08. Genesco has a 1-year low of $21.92 and a 1-year high of $43.60.
Genesco (NYSE:GCO – Get Free Report) last announced its quarterly earnings data on Friday, May 29th. The company reported ($2.18) EPS for the quarter, topping analysts’ consensus estimates of ($2.58) by $0.40. Genesco had a return on equity of 2.66% and a net margin of 0.80%.The firm had revenue of $487.03 million during the quarter, compared to analyst estimates of $474.32 million. Genesco has set its FY 2027 guidance at 2.000-2.400 EPS. On average, sell-side analysts forecast that Genesco will post 2.25 earnings per share for the current fiscal 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.
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