Genesco Inc. (NYSE:GCO – Get Free Report) Director Gregory Sandfort bought 2,958 shares of the firm’s stock in a transaction on Thursday, July 9th. The stock was purchased at an average price of $33.80 per share, with a total value of $99,980.40. Following the completion of the acquisition, the director owned 29,172 shares of the company’s stock, valued at approximately $986,013.60. This trade represents a 11.28% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Genesco Stock Performance
Genesco stock opened at $35.43 on Thursday. Genesco Inc. has a fifty-two week low of $21.55 and a fifty-two week high of $43.60. The firm’s 50 day simple moving average is $35.60 and its 200-day simple moving average is $31.87. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.83 and a quick ratio of 0.37. The company has a market cap of $393.59 million, a P/E ratio of 20.48 and a beta of 1.83.
Genesco (NYSE:GCO – Get Free Report) last issued its quarterly earnings results on Friday, May 29th. The company reported ($2.18) EPS for the quarter, beating 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. As a group, equities research analysts predict that Genesco Inc. will post 2.25 EPS for the current year.
Institutional Inflows and Outflows
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on the company. Truist Financial set a $40.00 target price on Genesco in a report on Friday, May 29th. Zacks Research raised Genesco from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 2nd. Weiss Ratings lowered 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. Finally, Wall Street Zen lowered Genesco from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Genesco has an average rating of “Moderate Buy” and an average target price of $36.67.
Get Our Latest Analysis on Genesco
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.
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