Genesco (NYSE:GCO) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Genesco Inc. (NYSE:GCO) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $27.72 and traded as high as $28.24. Genesco shares last traded at $27.2190, with a volume of 218,239 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Truist Financial dropped their target price on shares of Genesco from $31.00 to $27.00 and set a “hold” rating for the company in a research report on Friday, December 5th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Genesco in a report on Wednesday, December 24th. Jefferies Financial Group set a $26.00 target price on Genesco in a report on Thursday, December 4th. UBS Group set a $38.00 target price on Genesco in a research note on Friday, December 5th. Finally, Zacks Research downgraded shares of Genesco from a “hold” rating to a “strong sell” rating in a research report on Friday, December 5th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $30.33.

Genesco Stock Performance

The stock has a market capitalization of $293.69 million, a price-to-earnings ratio of -151.22 and a beta of 1.81. 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 stock has a 50-day moving average of $28.26 and a 200 day moving average of $27.72.

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Pzena Investment Management LLC increased its stake in shares of Genesco by 44.4% in the 2nd quarter. Pzena Investment Management LLC now owns 1,433,190 shares of the company’s stock valued at $28,220,000 after acquiring an additional 440,837 shares during the last quarter. Cubist Systematic Strategies LLC grew its holdings in Genesco by 269.8% during the first quarter. Cubist Systematic Strategies LLC now owns 61,067 shares of the company’s stock valued at $1,296,000 after purchasing an additional 44,552 shares during the period. MUFG Securities EMEA plc bought a new stake in Genesco in the second quarter valued at approximately $2,954,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Genesco by 607.9% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 77,132 shares of the company’s stock worth $1,519,000 after purchasing an additional 66,236 shares during the period. Finally, Strs Ohio bought a new position in shares of Genesco during the first quarter worth $338,000. Institutional investors and hedge funds own 94.51% of the company’s stock.

About Genesco

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.