Genesco Inc. (NYSE:GCO) Receives Consensus Rating of “Hold” from Analysts

Genesco Inc. (NYSE:GCO) has been assigned a consensus rating of “Hold” from the five analysts that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $30.3333.

Several research analysts recently weighed in on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Genesco in a research report on Wednesday, October 8th. Zacks Research downgraded Genesco from a “hold” rating to a “strong sell” rating in a research report on Friday, December 5th. Jefferies Financial Group set a $26.00 price objective on Genesco in a report on Thursday, December 4th. Wall Street Zen lowered Genesco from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Seaport Res Ptn raised shares of Genesco from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 26th.

Genesco Stock Down 0.7%

GCO opened at $23.39 on Friday. Genesco has a fifty-two week low of $16.19 and a fifty-two week high of $44.80. The company’s 50-day moving average is $30.23 and its 200 day moving average is $27.39. The firm has a market capitalization of $252.66 million, a P/E ratio of -129.97 and a beta of 1.75. 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 results on Thursday, December 4th. The company reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.08). The firm had revenue of $616.22 million for the quarter, compared to the consensus estimate of $618.62 million. During the same period in the prior year, the firm posted $0.61 EPS. Genesco has set its FY 2026 guidance at 0.950-0.95 EPS. Research analysts expect that Genesco will post 0.94 earnings per share for the current fiscal year.

Institutional Trading of Genesco

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Pzena Investment Management LLC raised its holdings in Genesco by 44.4% in the second quarter. Pzena Investment Management LLC now owns 1,433,190 shares of the company’s stock worth $28,220,000 after buying an additional 440,837 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Genesco by 23.9% during the 1st quarter. Vanguard Group Inc. now owns 899,123 shares of the company’s stock worth $19,088,000 after acquiring an additional 173,255 shares during the last quarter. Nomura Holdings Inc. purchased a new stake in Genesco in the first quarter worth about $16,163,000. Acadian Asset Management LLC increased its holdings in Genesco by 0.3% in 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 in the last quarter. Finally, American Century Companies Inc. raised its position in shares of Genesco by 23.5% during the 1st quarter. American Century Companies Inc. now owns 341,837 shares of the company’s stock valued at $7,257,000 after purchasing an additional 65,030 shares during the period. 94.51% of the stock is owned by hedge funds and other institutional investors.

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.