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

Genesco Inc. (NYSE:GCO) has earned a consensus recommendation of “Hold” from the five research firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $36.00.

Several research firms have weighed in on GCO. Truist Financial set a $38.00 target price on Genesco in a research note on Wednesday, January 14th. Wall Street Zen cut shares of Genesco from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Zacks Research raised shares of Genesco from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 14th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Genesco in a research report on Wednesday, December 24th. Finally, UBS Group set a $38.00 target price on shares of Genesco in a research note on Friday, December 5th.

Genesco Trading Down 3.0%

NYSE GCO opened at $33.99 on Friday. The firm’s 50 day moving average price is $29.20 and its two-hundred day moving average price is $28.80. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.30 and a current ratio of 1.58. Genesco has a twelve month low of $16.19 and a twelve month high of $43.81. The stock has a market cap of $366.78 million, a price-to-earnings ratio of -188.85 and a beta of 1.81.

Genesco (NYSE:GCO) last released 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 firm had revenue of $616.22 million during the quarter, compared to the consensus estimate of $618.62 million. During the same period in the prior year, the firm earned $0.61 EPS. Genesco has set its FY 2026 guidance at 0.950-0.95 EPS. Equities analysts anticipate that Genesco will post 0.94 EPS for the current year.

Institutional Trading of Genesco

A number of institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC raised its position in shares of Genesco by 1.2% in the fourth quarter. SG Americas Securities LLC now owns 40,198 shares of the company’s stock valued at $996,000 after purchasing an additional 458 shares during the period. CWM LLC grew its stake 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 buying an additional 520 shares during the last quarter. SummerHaven Investment Management LLC raised its holdings in Genesco by 2.4% in the 2nd quarter. SummerHaven Investment Management LLC now owns 31,295 shares of the company’s stock worth $616,000 after acquiring an additional 721 shares during the period. BNP Paribas Financial Markets lifted its position in Genesco by 92.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,960 shares of the company’s stock worth $57,000 after acquiring an additional 941 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its position in Genesco by 6.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 18,966 shares of the company’s stock worth $550,000 after acquiring an additional 1,121 shares during the last quarter. 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.