Genesco Inc. (NYSE:GCO) Given Average Rating of “Hold” by Brokerages

Genesco Inc. (NYSE:GCO) has earned an average rating of “Hold” from the five research firms that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $30.3333.

Several equities research analysts have recently issued reports on GCO shares. Wall Street Zen cut Genesco from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Jefferies Financial Group set a $26.00 target price on Genesco in a research report on Thursday, December 4th. Truist Financial decreased their price target on Genesco from $31.00 to $27.00 and set a “hold” rating on the stock in a research note on Friday, December 5th. Zacks Research downgraded shares of Genesco from a “hold” rating to a “strong sell” rating in a research note on Friday, December 5th. Finally, UBS Group set a $38.00 price objective on shares of Genesco in a report on Friday, December 5th.

Genesco Stock Performance

Shares of NYSE GCO opened at $24.78 on Tuesday. The company has a 50-day simple moving average of $28.82 and a 200-day simple moving average of $27.55. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.58 and a quick ratio of 0.30. The company has a market cap of $267.42 million, a PE ratio of -137.69 and a beta of 1.75. Genesco has a 12 month low of $16.19 and a 12 month high of $43.81.

Genesco (NYSE:GCO) last announced its earnings results on Thursday, December 4th. The company reported $0.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.08). The company had revenue of $616.22 million for the quarter, compared to analysts’ expectations of $618.62 million. During the same quarter in the prior year, the business posted $0.61 EPS. Genesco has set its FY 2026 guidance at 0.950-0.95 EPS. On average, equities analysts anticipate that Genesco will post 0.94 earnings per share for the current year.

Hedge Funds Weigh In On Genesco

A number of hedge funds have recently made changes to their positions in GCO. Pzena Investment Management LLC grew its stake in shares of Genesco by 44.4% during the 2nd quarter. Pzena Investment Management LLC now owns 1,433,190 shares of the company’s stock valued at $28,220,000 after buying an additional 440,837 shares during the period. Nomura Holdings Inc. acquired a new position in Genesco in the first quarter valued at $16,163,000. Acadian Asset Management LLC grew its position in Genesco by 0.3% during the second quarter. Acadian Asset Management LLC now owns 412,527 shares of the company’s stock valued at $8,119,000 after acquiring an additional 1,238 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in Genesco by 6.7% during the third quarter. Arrowstreet Capital Limited Partnership now owns 290,639 shares of the company’s stock worth $8,426,000 after acquiring an additional 18,184 shares during the last quarter. Finally, Bridgeway Capital Management LLC increased its stake in Genesco by 29.7% during the second quarter. Bridgeway Capital Management LLC now owns 238,252 shares of the company’s stock worth $4,691,000 after acquiring an additional 54,498 shares during the last quarter. Institutional investors and hedge funds own 94.51% of the company’s stock.

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.