Analysts Set Genesco Inc. (NYSE:GCO) PT at $36.00

Genesco Inc. (NYSE:GCO) has earned an average rating of “Hold” from the five ratings firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $36.00.

Several analysts have issued reports on the stock. UBS Group set a $38.00 price target on shares of Genesco in a research report on Friday, December 5th. Williams Trading upgraded shares of Genesco to a “strong-buy” rating in a research note on Monday, January 12th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Genesco in a report on Wednesday, December 24th. Truist Financial set a $38.00 target price on Genesco in a report on Wednesday, January 14th. Finally, Jefferies Financial Group restated a “hold” rating and set a $32.00 target price on shares of Genesco in a research report on Monday, January 12th.

Genesco Price Performance

Shares of NYSE:GCO opened at $32.86 on Friday. The stock has a market capitalization of $354.52 million, a P/E ratio of -182.53 and a beta of 1.81. The business has a 50-day moving average of $29.24 and a two-hundred day moving average of $28.95. Genesco has a fifty-two week low of $16.19 and a fifty-two week high of $43.52. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.58 and a quick ratio of 0.30.

Genesco (NYSE:GCO) last issued its quarterly earnings data on Thursday, December 4th. The company reported $0.79 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.08). The company had revenue of $616.22 million during the quarter, compared to analyst estimates of $618.62 million. During the same quarter last year, the firm earned $0.61 earnings per share. Genesco has set its FY 2026 guidance at 0.950-0.95 EPS. On average, equities research analysts predict that Genesco will post 0.94 EPS for the current fiscal year.

Institutional Investors Weigh In On Genesco

Several large investors have recently made changes to their positions in GCO. Jones Financial Companies Lllp acquired a new stake in shares of Genesco during the 1st quarter worth about $26,000. CWM LLC grew its stake in Genesco by 61.5% during the second quarter. CWM LLC now owns 1,365 shares of the company’s stock worth $27,000 after buying an additional 520 shares during 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 last quarter. Quarry LP increased its holdings in shares of Genesco by 182.2% during the third quarter. Quarry LP now owns 1,964 shares of the company’s stock worth $57,000 after buying an additional 1,268 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in shares of Genesco by 37.3% in the second quarter. Tower Research Capital LLC TRC now owns 5,514 shares of the company’s stock valued at $109,000 after acquiring an additional 1,499 shares during the last quarter. 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.