Genesco Inc. (NYSE:GCO) Receives Average Recommendation of “Hold” from Analysts

Shares of Genesco Inc. (NYSE:GCO) have been given a consensus recommendation of “Hold” by the five analysts that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $36.00.

GCO has been the subject of a number of analyst reports. UBS Group set a $38.00 price target on shares of Genesco in a research note on Friday, December 5th. Wall Street Zen cut Genesco from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Williams Trading raised Genesco to a “strong-buy” rating in a research note on Monday, January 12th. Truist Financial set a $38.00 price target on Genesco in a research report on Wednesday, January 14th. Finally, Zacks Research upgraded Genesco from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 14th.

Institutional Trading of Genesco

Large investors have recently added to or reduced their stakes in the company. Group One Trading LLC bought a new position in shares of Genesco in the fourth quarter valued at approximately $26,000. Jones Financial Companies Lllp acquired a new stake in Genesco during the 1st quarter valued at $26,000. CWM LLC raised its position in Genesco by 61.5% in the 2nd quarter. CWM LLC now owns 1,365 shares of the company’s stock valued at $27,000 after purchasing an additional 520 shares during the last quarter. Meeder Asset Management Inc. bought a new position in Genesco in the 4th quarter valued at $37,000. Finally, BNP Paribas Financial Markets boosted its stake in Genesco by 92.3% in the third quarter. BNP Paribas Financial Markets now owns 1,960 shares of the company’s stock worth $57,000 after purchasing an additional 941 shares in the last quarter. 94.51% of the stock is owned by institutional investors.

Genesco Stock Up 0.9%

GCO opened at $27.93 on Wednesday. The company has a market capitalization of $301.40 million, a P/E ratio of -155.18 and a beta of 1.87. 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 firm’s fifty day moving average price is $28.51 and its two-hundred day moving average price is $29.52. Genesco has a fifty-two week low of $16.19 and a fifty-two week high of $41.31.

Genesco (NYSE:GCO) last announced its quarterly earnings data 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 firm had revenue of $616.22 million for the quarter, compared to the consensus estimate of $618.62 million. During the same period last year, the company posted $0.61 EPS. Genesco has set its FY 2026 guidance at 0.950-0.95 EPS. On average, analysts anticipate that Genesco will post 0.94 EPS for the current year.

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.