Genesco Inc. (NYSE:GCO) Given Consensus Recommendation of “Hold” by Analysts

Genesco Inc. (NYSE:GCO) has been given an average recommendation of “Hold” by the five ratings firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $34.00.

Several brokerages have issued reports on GCO. UBS Group set a $38.00 target price on shares of Genesco in a research note on Friday, December 5th. Jefferies Financial Group reissued a “hold” rating on shares of Genesco in a research report on Friday, March 6th. Williams Trading raised Genesco to a “strong-buy” rating in a research note on Monday, January 12th. Zacks Research upgraded Genesco from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 14th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Genesco in a research note on Wednesday, December 24th.

Genesco Stock Performance

Shares of GCO opened at $24.99 on Friday. The company has a 50-day moving average of $29.47 and a two-hundred day moving average of $29.55. The stock has a market cap of $269.66 million, a price-to-earnings ratio of 22.12 and a beta of 1.86. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.64 and a quick ratio of 0.49. Genesco has a one year low of $16.19 and a one year high of $38.95.

Genesco (NYSE:GCO) last issued its quarterly earnings results 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 business had revenue of $799.94 million during the quarter, compared to the consensus estimate of $476.67 million. Genesco has set its FY 2027 guidance at 1.900-2.300 EPS. On average, equities research analysts expect that Genesco will post 0.94 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC increased its stake in Genesco by 1.2% in the 4th quarter. SG Americas Securities LLC now owns 40,198 shares of the company’s stock valued at $996,000 after buying an additional 458 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of Genesco by 92.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,960 shares of the company’s stock valued at $57,000 after buying an additional 941 shares during the period. Group One Trading LLC purchased a new position in shares of Genesco during the 4th quarter valued at $26,000. Russell Investments Group Ltd. increased its stake 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 during the last quarter. Finally, Quarry LP increased its stake in shares of Genesco by 182.2% in the third 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 owned by hedge funds and other 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.