Genesco (NYSE:GCO) Raised to “Strong-Buy” at Seaport Res Ptn

Genesco (NYSE:GCO) was upgraded by stock analysts at Seaport Res Ptn from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Tuesday,Zacks.com reports. Seaport Res Ptn also issued estimates for Genesco’s Q3 2026 earnings at $1.06 EPS, Q4 2026 earnings at $3.80 EPS, FY2026 earnings at $1.62 EPS, FY2027 earnings at $2.25 EPS and FY2028 earnings at $2.90 EPS.

Other research analysts have also issued reports about the stock. Truist Financial lifted their price objective on shares of Genesco from $23.00 to $25.00 and gave the company a “hold” rating in a research note on Thursday, June 5th. Jefferies Financial Group reissued a “hold” rating and set a $24.00 price target (down previously from $27.00) on shares of Genesco in a report on Wednesday, May 21st. Finally, Wall Street Zen downgraded Genesco from a “buy” rating to a “hold” rating in a research note on Friday, May 30th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $24.50.

Genesco Price Performance

Shares of NYSE GCO opened at $32.87 on Tuesday. The stock has a market cap of $354.30 million, a P/E ratio of -21.07 and a beta of 2.25. Genesco has a twelve month low of $16.19 and a twelve month high of $44.80. The stock has a 50 day moving average of $24.15 and a two-hundred day moving average of $24.30. The company has a current ratio of 1.91, a quick ratio of 0.55 and a debt-to-equity ratio of 0.22.

Genesco (NYSE:GCO) last announced its earnings results on Wednesday, June 4th. The company reported ($2.05) EPS for the quarter, beating analysts’ consensus estimates of ($2.09) by $0.04. Genesco had a negative net margin of 0.67% and a positive return on equity of 2.22%. The business had revenue of $473.97 million for the quarter, compared to analysts’ expectations of $463.90 million. During the same period in the previous year, the company posted ($2.10) EPS. The company’s quarterly revenue was up 3.6% on a year-over-year basis. Genesco has set its FY 2026 guidance at 1.300-1.700 EPS. On average, research analysts forecast that Genesco will post 0.94 earnings per share for the current year.

Insider Buying and Selling

In other Genesco news, major shareholder Fund 1 Investments, Llc sold 25,000 shares of Genesco stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $23.26, for a total value of $581,500.00. Following the sale, the insider owned 1,072,850 shares of the company’s stock, valued at approximately $24,954,491. The trade was a 2.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 23.11% of the stock is currently owned by insiders.

Institutional Trading of Genesco

Several hedge funds have recently modified their holdings of GCO. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Genesco in the fourth quarter valued at approximately $35,000. Jones Financial Companies Lllp acquired a new stake in Genesco in the first quarter valued at $26,000. CWM LLC boosted its position in shares of Genesco by 61.5% during the 2nd quarter. CWM LLC now owns 1,365 shares of the company’s stock worth $27,000 after purchasing an additional 520 shares in the last quarter. Virtus Advisers LLC acquired a new position in shares of Genesco during the 1st quarter worth $56,000. Finally, AlphaQuest LLC increased its holdings in shares of Genesco by 501,200.0% in the 1st quarter. AlphaQuest LLC now owns 5,013 shares of the company’s stock valued at $106,000 after purchasing an additional 5,012 shares in the last quarter. 94.51% of the stock is owned by institutional investors and hedge funds.

About Genesco

Genesco Inc operates as a retailer and wholesaler of footwear, apparel, and accessories in the United States, Puerto Rico, Canada, the United Kingdom, and the Republic of Ireland. The company operates through four segments: Journeys Group, Schuh Group, Johnston & Murphy Group, and Genesco Brands.