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

Shares of Genesco Inc. (NYSE:GCO) have been assigned an average rating of “Hold” from the five brokerages that are currently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $34.00.

Several equities research analysts have issued reports on the stock. Weiss Ratings upgraded shares of Genesco from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday. Jefferies Financial Group reiterated a “hold” rating on shares of Genesco in a research report on Friday, March 6th. Wall Street Zen upgraded shares of Genesco from a “hold” rating to a “buy” rating in a research report on Saturday, March 28th. Zacks Research upgraded shares of Genesco from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 14th. Finally, Williams Trading upgraded shares of Genesco to a “strong-buy” rating in a research report on Monday, January 12th.

Genesco Price Performance

Shares of NYSE:GCO opened at $30.97 on Thursday. The company has a 50 day moving average of $27.53 and a 200 day moving average of $28.88. The stock has a market cap of $336.30 million, a P/E ratio of 27.40 and a beta of 1.78. Genesco has a 12 month low of $16.89 and a 12 month high of $38.95. The company has a current ratio of 1.64, a quick ratio of 0.49 and a debt-to-equity ratio of 0.01.

Genesco (NYSE:GCO) last issued its quarterly earnings data on Friday, March 6th. The company reported $3.74 EPS for the quarter, beating the consensus estimate of $3.73 by $0.01. Genesco had a net margin of 0.54% and a return on equity of 2.92%. The company had revenue of $799.94 million during the quarter, compared to analysts’ expectations of $476.67 million. Genesco has set its FY 2027 guidance at 1.900-2.300 EPS. As a group, sell-side analysts forecast that Genesco will post 0.94 EPS for the current fiscal year.

Institutional Investors Weigh In On Genesco

Several hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC lifted its position in Genesco by 1.2% during 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 last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Genesco by 92.3% in 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. Group One Trading LLC bought a new stake in shares of Genesco in the 4th quarter worth approximately $26,000. Russell Investments Group Ltd. lifted its holdings in shares of Genesco by 6.3% in 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. Finally, Quarry LP lifted its holdings in shares of Genesco by 182.2% in the 3rd quarter. Quarry LP now owns 1,964 shares of the company’s stock worth $57,000 after acquiring an additional 1,268 shares during the last quarter. 94.51% of the stock is currently owned by institutional investors.

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.