Genesco Inc. (NYSE:GCO) Short Interest Update

Genesco Inc. (NYSE:GCO) was the recipient of a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 681,297 shares, a decrease of 13.1% from the January 15th total of 784,400 shares. Based on an average trading volume of 258,270 shares, the days-to-cover ratio is currently 2.6 days. Approximately 8.2% of the company’s stock are sold short. Approximately 8.2% of the company’s stock are sold short. Based on an average trading volume of 258,270 shares, the days-to-cover ratio is currently 2.6 days.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on GCO. Jefferies Financial Group reissued a “hold” rating and issued a $32.00 price objective on shares of Genesco in a research report on Monday, January 12th. Zacks Research upgraded shares of Genesco from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 14th. UBS Group set a $38.00 price target on shares of Genesco in a research report on Friday, December 5th. Weiss Ratings restated a “sell (d+)” rating on shares of Genesco in a research note on Wednesday, December 24th. Finally, Wall Street Zen downgraded Genesco from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Genesco has an average rating of “Hold” and a consensus target price of $36.00.

Institutional Investors Weigh In On Genesco

A number of large investors have recently added to or reduced their stakes in GCO. Group One Trading LLC bought a new position in Genesco during the fourth quarter worth $26,000. Jones Financial Companies Lllp bought a new position in shares of Genesco in the first quarter valued at about $26,000. CWM LLC lifted its stake in shares of Genesco by 61.5% during the 2nd quarter. CWM LLC now owns 1,365 shares of the company’s stock worth $27,000 after buying an additional 520 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Genesco during the 4th quarter worth about $37,000. Finally, BNP Paribas Financial Markets boosted its holdings 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 worth $57,000 after buying an additional 941 shares during the period. Institutional investors own 94.51% of the company’s stock.

Genesco Stock Down 0.3%

Shares of GCO stock opened at $27.68 on Tuesday. Genesco has a 52-week low of $16.19 and a 52-week high of $41.52. The stock has a market cap of $298.65 million, a price-to-earnings ratio of -153.77 and a beta of 1.87. The firm’s 50-day moving average is $28.42 and its 200-day moving average is $29.49. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.30 and a current ratio of 1.58.

Genesco (NYSE:GCO) last posted 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 company had revenue of $616.22 million during the quarter, compared to analyst estimates of $618.62 million. During the same period in the prior year, the firm 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 EPS for the current year.

About Genesco

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.