Genesco Inc. (NYSE:GCO) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Genesco Inc. (NYSE:GCO) have been given a consensus recommendation of “Moderate Buy” by the five research firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have given a strong buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $36.00.

A number of equities research analysts have weighed in on GCO shares. Truist Financial lowered their price target on Genesco from $40.00 to $38.00 and set a “hold” rating on the stock in a research report on Friday, September 4th. Zacks Research upgraded Genesco from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 4th. Weiss Ratings cut Genesco from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, June 12th. Wall Street Zen cut shares of Genesco from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Finally, Seaport Research Partners cut shares of Genesco from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 27th.

Insider Buying and Selling

In other Genesco news, Director Gregory Sandfort purchased 2,958 shares of the stock in a transaction on Thursday, July 9th. The stock was acquired at an average cost of $33.80 per share, with a total value of $99,980.40. Following the completion of the purchase, the director directly owned 29,172 shares of the company’s stock, valued at approximately $986,013.60. This trade represents a 11.28% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 23.11% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Integrated Wealth Concepts LLC purchased a new stake in Genesco during the 2nd quarter valued at about $25,000. Group One Trading LLC purchased a new stake in shares of Genesco during the fourth quarter valued at approximately $26,000. Jones Financial Companies Lllp purchased a new stake in shares of Genesco during the first quarter valued at approximately $26,000. New York State Teachers Retirement System bought a new position in shares of Genesco in the first quarter worth approximately $27,000. Finally, Optiver Holding B.V. grew its holdings in shares of Genesco by 550.6% in the first quarter. Optiver Holding B.V. now owns 1,106 shares of the company’s stock worth $32,000 after purchasing an additional 936 shares during the last quarter. 94.51% of the stock is owned by institutional investors.

Genesco Price Performance

Shares of NYSE:GCO opened at $33.20 on Friday. The company’s fifty day moving average price is $35.53 and its 200-day moving average price is $33.58. The firm has a market capitalization of $368.82 million, a price-to-earnings ratio of 8.65 and a beta of 1.80. Genesco has a one year low of $21.92 and a one year high of $43.60. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.58 and a quick ratio of 0.32.

Genesco (NYSE:GCO) last posted its quarterly earnings data on Thursday, September 3rd. The company reported ($0.83) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.37) by $0.54. Genesco had a net margin of 1.71% and a return on equity of 3.13%. The company had revenue of $529.86 million during the quarter, compared to the consensus estimate of $527.26 million. During the same period in the previous year, the firm posted ($1.79) EPS. Genesco has set its FY 2027 guidance at 2.000-2.400 EPS. On average, equities research analysts anticipate that Genesco will post 2.35 earnings per share for the current fiscal year.

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.