Genesco Inc. (NYSE:GCO) Receives $30.33 Average Price Target from Brokerages

Shares of Genesco Inc. (NYSE:GCO) have received a consensus recommendation of “Hold” from the five analysts that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $30.3333.

A number of analysts have weighed in on the stock. Weiss Ratings reissued a “sell (d+)” rating on shares of Genesco in a report on Wednesday, December 24th. Truist Financial cut their target price on Genesco from $31.00 to $27.00 and set a “hold” rating for the company in a research note on Friday, December 5th. UBS Group set a $38.00 price objective on shares of Genesco in a report on Friday, December 5th. Wall Street Zen cut Genesco from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Jefferies Financial Group set a $26.00 target price on Genesco in a research note on Thursday, December 4th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. CWM LLC boosted its holdings in Genesco by 61.5% in the second quarter. CWM LLC now owns 1,365 shares of the company’s stock valued at $27,000 after acquiring an additional 520 shares during the last quarter. SummerHaven Investment Management LLC lifted its position in Genesco by 2.4% during the second quarter. SummerHaven Investment Management LLC now owns 31,295 shares of the company’s stock valued at $616,000 after buying an additional 721 shares in the last quarter. BNP Paribas Financial Markets grew its stake in Genesco by 92.3% during the third quarter. BNP Paribas Financial Markets now owns 1,960 shares of the company’s stock worth $57,000 after buying an additional 941 shares during the period. Russell Investments Group Ltd. increased its position in shares of Genesco by 6.3% in the third 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 in the last quarter. Finally, Acadian Asset Management LLC raised its stake in shares of Genesco by 0.3% in the 2nd quarter. Acadian Asset Management LLC now owns 412,527 shares of the company’s stock valued at $8,119,000 after acquiring an additional 1,238 shares during the period. 94.51% of the stock is currently owned by hedge funds and other institutional investors.

Genesco Price Performance

Genesco stock opened at $24.74 on Tuesday. The company’s 50 day simple moving average is $28.54 and its 200-day simple moving average is $27.55. 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 1 year low of $16.19 and a 1 year high of $43.81. The company has a market capitalization of $266.94 million, a price-to-earnings ratio of -137.44 and a beta of 1.81.

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