Genesco Inc. (NYSE:GCO) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Genesco Inc. (NYSE:GCO) have been assigned a consensus rating of “Moderate Buy” from the five research firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a strong buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $36.00.

Several analysts recently issued reports on GCO shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of Genesco in a report on Wednesday. Wall Street Zen lowered Genesco from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Seaport Research Partners downgraded Genesco from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 27th. Truist Financial cut their price target on Genesco from $40.00 to $38.00 and set a “hold” rating for the company in a research note on Friday, September 4th. Finally, Zacks Research upgraded Genesco from a “hold” rating to a “strong-buy” rating in a report on Friday, September 4th.

Insiders Place Their Bets

In other Genesco news, Director Gregory Sandfort bought 2,958 shares of Genesco stock in a transaction on Thursday, July 9th. The stock was purchased at an average cost of $33.80 per share, for a total transaction of $99,980.40. Following the completion of the purchase, the director directly owned 29,172 shares of the company’s stock, valued at $986,013.60. The trade was a 11.28% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 23.11% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Pzena Investment Management LLC bought a new position in Genesco during the second quarter valued at about $37,104,000. BlackRock Inc. bought a new stake in shares of Genesco during the 2nd quarter worth about $30,730,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Genesco by 371.2% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 272,455 shares of the company’s stock worth $5,365,000 after acquiring an additional 214,639 shares in the last quarter. Shay Capital LLC acquired a new position in shares of Genesco during the 2nd quarter valued at about $4,027,000. Finally, Fund 1 Investments LLC increased its holdings in shares of Genesco by 43.4% during the 2nd quarter. Fund 1 Investments LLC now owns 609,963 shares of the company’s stock valued at $20,598,000 after acquiring an additional 184,653 shares during the last quarter. Institutional investors and hedge funds own 94.51% of the company’s stock.

Genesco Stock Performance

GCO stock opened at $35.32 on Friday. The firm has a 50 day simple moving average of $35.57 and a 200 day simple moving average of $33.59. Genesco has a 52 week low of $21.92 and a 52 week high of $43.60. The stock has a market cap of $392.37 million, a P/E ratio of 9.20 and a beta of 1.80. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.32 and a current ratio of 1.58.

Genesco (NYSE:GCO) last released its quarterly earnings data on Thursday, September 3rd. The company reported ($0.83) earnings per share for the quarter, beating the consensus estimate of ($1.37) by $0.54. The firm had revenue of $529.86 million for the quarter, compared to analyst estimates of $527.26 million. Genesco had a net margin of 1.71% and a return on equity of 3.13%. During the same quarter in the prior year, the business earned ($1.79) EPS. Genesco has set its FY 2027 guidance at 2.000-2.400 EPS. Research analysts anticipate that Genesco will post 2.35 earnings per share for the current fiscal 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.