Genesco Inc. (NYSE:GCO – Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $33.84 and traded as high as $34.15. Genesco shares last traded at $33.3180, with a volume of 208,981 shares.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on GCO shares. Truist Financial reduced their price objective on shares of Genesco from $40.00 to $38.00 and set a “hold” rating on the stock in a research note on Friday, September 4th. Zacks Research upgraded Genesco from a “hold” rating to a “strong-buy” rating in a report on Friday, September 4th. Weiss Ratings reissued a “sell (d+)” rating on shares of Genesco in a research note on Wednesday, September 9th. Seaport Research Partners lowered Genesco from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 27th. Finally, Wall Street Zen downgraded shares of Genesco from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Genesco presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.00.
View Our Latest Report on Genesco
Genesco Stock Down 1.1%
Genesco (NYSE:GCO – Get Free Report) last released its earnings results on Thursday, September 3rd. The company reported ($0.83) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.37) by $0.54. Genesco had a return on equity of 3.14% and a net margin of 1.71%.The business had revenue of $529.86 million for the quarter, compared to the consensus estimate of $527.26 million. During the same quarter in the previous year, the business earned ($1.79) earnings per share. Genesco has set its FY 2027 guidance at 2.000-2.400 EPS. As a group, research analysts expect that Genesco Inc. will post 2.35 EPS for the current year.
Insider Activity
In other Genesco news, Director Gregory Sandfort bought 2,958 shares of Genesco stock in a transaction dated Thursday, July 9th. The stock was bought at an average cost of $33.80 per share, for a total transaction of $99,980.40. Following the purchase, the director owned 29,172 shares of the company’s stock, valued at $986,013.60. The trade was a 11.28% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 23.11% of the stock is currently owned by insiders.
Institutional Trading of Genesco
Several institutional investors have recently added to or reduced their stakes in the company. Silver Oak Securities Incorporated increased its holdings in shares of Genesco by 3.5% during the first quarter. Silver Oak Securities Incorporated now owns 18,688 shares of the company’s stock worth $542,000 after purchasing an additional 627 shares during the period. Integrated Wealth Concepts LLC bought a new position in shares of Genesco in the 2nd quarter valued at $25,000. New York State Teachers Retirement System acquired a new position in shares of Genesco during the 1st quarter worth $27,000. Optiver Holding B.V. lifted its position 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 buying an additional 936 shares during the last quarter. Finally, Legal & General Group Plc acquired a new stake in Genesco in the second quarter valued at about $32,000. 94.51% of the stock is currently owned by institutional investors.
Genesco Company Profile
Genesco Inc is a specialty retailer of branded footwear and accessories, serving consumers through stores and digital commerce channels. The company is headquartered in Nashville, Tennessee, and operates primarily in North America and the United Kingdom.
Genesco’s business includes Journeys, a retailer focused on fashionable footwear and accessories for teens and young adults; Schuh, a footwear retailer serving the United Kingdom and Ireland; and Johnston & Murphy, which offers footwear, apparel, and accessories through retail stores and e-commerce.
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