Genesco Inc. (NYSE:GCO) Receives Average Rating of “Moderate Buy” from Brokerages

Genesco Inc. (NYSE:GCO) has been assigned an average rating of “Moderate Buy” from the five analysts that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $30.00.

Several research firms have weighed in on GCO. Jefferies Financial Group boosted their price target on Genesco from $24.00 to $29.00 and gave the company a “hold” rating in a research note on Friday, August 29th. Wall Street Zen raised Genesco from a “hold” rating to a “buy” rating in a report on Saturday, October 11th. Zacks Research raised Genesco from a “hold” rating to a “strong-buy” rating in a report on Friday, August 29th. Seaport Res Ptn raised Genesco from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 26th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Genesco in a report on Wednesday, October 8th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. GAMMA Investing LLC boosted its stake in shares of Genesco by 7,348.3% in the first quarter. GAMMA Investing LLC now owns 8,938 shares of the company’s stock worth $190,000 after buying an additional 8,818 shares during the last quarter. Silver Oak Securities Incorporated purchased a new stake in shares of Genesco in the first quarter worth about $293,000. Bank of New York Mellon Corp boosted its stake in shares of Genesco by 2.1% in the first quarter. Bank of New York Mellon Corp now owns 33,737 shares of the company’s stock worth $716,000 after buying an additional 702 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Genesco by 177.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 22,048 shares of the company’s stock worth $468,000 after buying an additional 14,093 shares during the last quarter. Finally, KLP Kapitalforvaltning AS boosted its stake in shares of Genesco by 25.4% in the first quarter. KLP Kapitalforvaltning AS now owns 17,800 shares of the company’s stock worth $378,000 after buying an additional 3,600 shares during the last quarter. 94.51% of the stock is owned by institutional investors and hedge funds.

Genesco Trading Down 2.6%

Shares of NYSE GCO opened at $28.98 on Thursday. The company has a quick ratio of 0.35, a current ratio of 1.56 and a debt-to-equity ratio of 0.11. The business has a fifty day simple moving average of $30.31 and a two-hundred day simple moving average of $24.78. The firm has a market cap of $312.98 million, a PE ratio of -11.88 and a beta of 2.27. Genesco has a twelve month low of $16.19 and a twelve month high of $44.80.

Genesco (NYSE:GCO) last announced its earnings results on Thursday, August 28th. The company reported ($1.14) earnings per share for the quarter, topping the consensus estimate of ($1.25) by $0.11. Genesco had a positive return on equity of 1.75% and a negative net margin of 1.03%.The firm had revenue of $545.97 million for the quarter, compared to the consensus estimate of $531.89 million. During the same period in the previous year, the business earned ($0.83) EPS. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. Genesco has set its FY 2026 guidance at 1.300-1.700 EPS. Analysts expect that Genesco will post 0.94 earnings per share for the current fiscal year.

About Genesco

Genesco Inc operates as a retailer and wholesaler of footwear, apparel, and accessories in the United States, Puerto Rico, Canada, the United Kingdom, and the Republic of Ireland. The company operates through four segments: Journeys Group, Schuh Group, Johnston & Murphy Group, and Genesco Brands.