Genesco Inc. (NYSE:GCO) Receives $36.67 Consensus Target Price from Analysts

Shares of Genesco Inc. (NYSE:GCO) have earned a consensus recommendation of “Moderate Buy” from the five analysts that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a strong buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $36.6667.

Several research analysts have recently issued reports on GCO shares. Weiss Ratings lowered shares of Genesco from a “hold (c)” rating to a “sell (d+)” rating in a research note on Friday, June 12th. Seaport Research Partners lowered shares of Genesco from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 27th. Truist Financial set a $40.00 target price on shares of Genesco in a research note on Friday, May 29th. Zacks Research raised shares of Genesco from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 2nd. Finally, Wall Street Zen lowered shares of Genesco from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th.

Genesco Stock Down 3.6%

Shares of NYSE:GCO opened at $34.87 on Tuesday. Genesco has a 12 month low of $19.62 and a 12 month high of $43.60. The company’s 50-day moving average price is $36.04 and its two-hundred day moving average price is $31.00. The company has a quick ratio of 0.37, a current ratio of 1.83 and a debt-to-equity ratio of 0.08. The firm has a market cap of $387.45 million, a P/E ratio of 20.16 and a beta of 1.83.

Genesco (NYSE:GCO) last issued its quarterly earnings data on Friday, May 29th. The company reported ($2.18) EPS for the quarter, topping analysts’ consensus estimates of ($2.58) by $0.40. The firm had revenue of $487.03 million for the quarter, compared to analyst estimates of $474.33 million. Genesco had a net margin of 0.80% and a return on equity of 2.66%. Genesco has set its FY 2027 guidance at 2.000-2.400 EPS. As a group, research analysts forecast that Genesco will post 2.25 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Group One Trading LLC acquired a new stake in shares of Genesco in the 4th quarter valued at approximately $26,000. Jones Financial Companies Lllp acquired a new stake in shares of Genesco in the 1st quarter valued at approximately $26,000. New York State Teachers Retirement System acquired a new stake in shares of Genesco in the 1st quarter valued at approximately $27,000. Optiver Holding B.V. raised its position in shares of Genesco by 550.6% in the 1st quarter. Optiver Holding B.V. now owns 1,106 shares of the company’s stock valued at $32,000 after acquiring an additional 936 shares during the period. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Genesco in the 4th quarter valued at approximately $37,000. Institutional investors 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.