Genesco (NYSE:GCO) Upgraded by Williams Trading to “Strong-Buy” Rating

Williams Trading upgraded shares of Genesco (NYSE:GCO) to a strong-buy rating in a research report report published on Monday morning,Zacks.com reports.

Several other research firms have also commented on GCO. Wall Street Zen lowered shares of Genesco from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Genesco in a research note on Wednesday, December 24th. Truist Financial reduced their price objective on shares of Genesco from $31.00 to $27.00 and set a “hold” rating on the stock in a research report on Friday, December 5th. Zacks Research downgraded shares of Genesco from a “hold” rating to a “strong sell” rating in a research note on Friday, December 5th. Finally, Jefferies Financial Group restated a “hold” rating and set a $32.00 target price on shares of Genesco in a research report on Monday. Two analysts have rated the stock with a Strong Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $36.00.

Genesco Trading Up 3.6%

Shares of NYSE:GCO traded up $1.24 during trading on Monday, reaching $35.80. The company’s stock had a trading volume of 49,270 shares, compared to its average volume of 246,600. The stock has a market capitalization of $386.34 million, a PE ratio of -198.89 and a beta of 1.81. Genesco has a 12 month low of $16.19 and a 12 month high of $43.81. The company has a current ratio of 1.58, a quick ratio of 0.30 and a debt-to-equity ratio of 0.14. The firm’s 50 day simple moving average is $28.40 and its two-hundred day simple moving average is $28.07.

Genesco (NYSE:GCO) last issued its quarterly earnings data on Thursday, December 4th. The company reported $0.79 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.08). The business had revenue of $616.22 million during the quarter, compared to the consensus estimate of $618.62 million. During the same quarter in the prior year, the firm earned $0.61 earnings per share. Genesco has set its FY 2026 guidance at 0.950-0.95 EPS. On average, research analysts predict that Genesco will post 0.94 EPS for the current fiscal year.

Institutional Trading of Genesco

Several institutional investors and hedge funds have recently modified their holdings of the stock. Pzena Investment Management LLC grew its holdings in Genesco by 44.4% during the 2nd quarter. Pzena Investment Management LLC now owns 1,433,190 shares of the company’s stock worth $28,220,000 after acquiring an additional 440,837 shares in the last quarter. MUFG Securities EMEA plc bought a new stake in shares of Genesco in the 2nd quarter valued at about $2,954,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Genesco by 607.9% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 77,132 shares of the company’s stock worth $1,519,000 after purchasing an additional 66,236 shares during the period. Strs Ohio purchased a new stake in shares of Genesco in the 1st quarter worth approximately $338,000. Finally, SummerHaven Investment Management LLC boosted its stake in shares of Genesco by 2.4% during the second quarter. SummerHaven Investment Management LLC now owns 31,295 shares of the company’s stock valued at $616,000 after purchasing an additional 721 shares in the last quarter. Institutional investors own 94.51% of the company’s stock.

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.