Genesco Inc. (NYSE:GCO) Receives $36.00 Average Price Target from Analysts

Genesco Inc. (NYSE:GCO) has earned an average recommendation of “Hold” from the five research firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $36.00.

GCO has been the subject of a number of research reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Genesco in a research note on Wednesday, December 24th. Williams Trading upgraded Genesco to a “strong-buy” rating in a report on Monday, January 12th. Zacks Research raised Genesco from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 14th. Truist Financial set a $38.00 price target on shares of Genesco in a research report on Wednesday, January 14th. Finally, Wall Street Zen lowered shares of Genesco from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Fund 1 Investments LLC grew its holdings in shares of Genesco by 3.5% during the fourth quarter. Fund 1 Investments LLC now owns 986,241 shares of the company’s stock valued at $24,429,000 after buying an additional 33,044 shares in the last quarter. Acadian Asset Management LLC boosted its position in Genesco by 0.3% during the 2nd quarter. Acadian Asset Management LLC now owns 412,527 shares of the company’s stock worth $8,119,000 after acquiring an additional 1,238 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Genesco by 23.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 409,227 shares of the company’s stock valued at $10,137,000 after acquiring an additional 76,494 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of Genesco by 50.0% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 300,000 shares of the company’s stock valued at $7,431,000 after purchasing an additional 100,000 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Genesco by 6.7% in the third quarter. Arrowstreet Capital Limited Partnership now owns 290,639 shares of the company’s stock worth $8,426,000 after purchasing an additional 18,184 shares in the last quarter. Institutional investors and hedge funds own 94.51% of the company’s stock.

Genesco Stock Performance

GCO stock opened at $29.32 on Wednesday. The company has a 50-day simple moving average of $28.78 and a 200 day simple moving average of $29.53. The company has a market capitalization of $316.32 million, a P/E ratio of -162.87 and a beta of 1.87. The company has a quick ratio of 0.30, a current ratio of 1.58 and a debt-to-equity ratio of 0.14. Genesco has a fifty-two week low of $16.19 and a fifty-two week high of $40.56.

Genesco (NYSE:GCO) last released its quarterly earnings results on Thursday, December 4th. The company reported $0.79 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.08). The business had revenue of $616.22 million for the quarter, compared to the consensus estimate of $618.62 million. During the same quarter last year, the business earned $0.61 EPS. Genesco has set its FY 2026 guidance at 0.950-0.95 EPS. Sell-side analysts predict that Genesco will post 0.94 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.