Genesco Inc. (NYSE:GCO – Get Free Report) has received a consensus rating of “Moderate Buy” from the five brokerages that are covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $36.00.
Several analysts recently commented on GCO shares. Weiss Ratings upgraded Genesco from a “sell (d+)” rating to a “hold (c)” rating in a report on Tuesday, September 22nd. Truist Financial dropped their price target on shares of Genesco from $40.00 to $38.00 and set a “hold” rating on the stock in a research report on Friday, September 4th. Wall Street Zen raised shares of Genesco from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Zacks Research raised shares of Genesco from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 4th.
Read Our Latest Stock Report on Genesco
Genesco Stock Performance
Genesco (NYSE:GCO – Get Free Report) last announced its earnings results on Thursday, September 3rd. The company reported ($0.83) EPS for the quarter, topping the consensus estimate of ($1.37) by $0.54. Genesco had a return on equity of 3.14% and a net margin of 1.71%.The firm had revenue of $529.86 million for the quarter, compared to the consensus estimate of $527.26 million. During the same period in the previous year, the business earned ($1.79) EPS. Genesco has set its FY 2027 guidance at 2.000-2.400 EPS. Sell-side analysts expect that Genesco will post 2.35 EPS for the current year.
Insider Buying and Selling at Genesco
In other Genesco news, Director Gregory Sandfort acquired 2,958 shares of the stock in a transaction dated Thursday, July 9th. The stock was purchased at an average cost of $33.80 per share, with a total value of $99,980.40. Following the transaction, the director owned 29,172 shares in the company, valued at approximately $986,013.60. The trade was a 11.28% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 23.11% of the company’s stock.
Institutional Investors Weigh In On Genesco
Institutional investors and hedge funds have recently made changes to their positions in the business. WINTON GROUP Ltd acquired a new stake in Genesco during the second quarter worth approximately $209,000. Engineers Gate Manager LP acquired a new position in Genesco in the second quarter valued at approximately $512,000. Integrated Wealth Concepts LLC bought a new position in shares of Genesco during the 2nd quarter worth approximately $25,000. Penn Capital Management Company LLC bought a new position in shares of Genesco during the 2nd quarter worth approximately $531,000. Finally, Empowered Funds LLC acquired a new stake in shares of Genesco during the 2nd quarter worth approximately $3,148,000. Institutional investors own 94.51% of the company’s stock.
Genesco Company Profile
Genesco Inc is a Nashville, Tennessee-based specialty retailer and branded footwear company. Founded in 1924 as General Shoe Corporation, the company changed its name to Genesco in 1959. It operates retail stores and e-commerce websites offering footwear, apparel and accessories through a portfolio of lifestyle and fashion brands.
Genesco’s principal retail businesses include Journeys and Journeys Kidz, which focus on trend-oriented footwear and apparel for young consumers, and Schuh, a footwear retailer serving customers in the United Kingdom and Ireland.
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