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

by · The Cerbat Gem

Shares of Genesco Inc. (NYSE:GCO – Get Free Report) have received an average rating of “Hold” from the five research firms that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $30.3333.

Several research firms have commented on GCO. Wall Street Zen cut shares of Genesco from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Genesco in a report on Wednesday, December 24th. Zacks Research lowered shares of Genesco from a “hold” rating to a “strong sell” rating in a research report on Friday, December 5th. Truist Financial dropped their target price on Genesco from $31.00 to $27.00 and set a “hold” rating for the company in a research report on Friday, December 5th. Finally, UBS Group set a $38.00 target price on Genesco in a research note on Friday, December 5th.

View Our Latest Report on GCO

Genesco Trading Up 7.5%

Shares of NYSE GCO opened at $26.58 on Tuesday. Genesco has a 1-year low of $16.19 and a 1-year high of $43.81. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.58 and a quick ratio of 0.30. The business’s 50 day moving average is $28.33 and its two-hundred day moving average is $27.69. The stock has a market capitalization of $286.74 million, a P/E ratio of -147.64 and a beta of 1.81.

Genesco (NYSE:GCO – Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to analyst estimates of $618.62 million. During the same period last year, the firm earned $0.61 earnings per share. Genesco has set its FY 2026 guidance at 0.950-0.95 EPS. As a group, research analysts expect that Genesco will post 0.94 EPS for the current year.

Institutional Trading of Genesco

Hedge funds and other institutional investors have recently bought and sold shares of the business. Nomura Holdings Inc. purchased a new stake in shares of Genesco during the first quarter valued at $16,163,000. Pzena Investment Management LLC lifted 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 valued at $28,220,000 after buying an additional 440,837 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Genesco by 371.2% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 272,455 shares of the company’s stock valued at $5,365,000 after buying an additional 214,639 shares during the period. Shay Capital LLC bought a new position in Genesco in the 2nd quarter worth about $4,027,000. Finally, JPMorgan Chase & Co. increased its position in shares of Genesco by 2,995.5% during the third quarter. JPMorgan Chase & Co. now owns 167,155 shares of the company’s stock worth $4,846,000 after acquiring an additional 161,755 shares during the period. Hedge funds and other institutional investors own 94.51% of the company’s stock.

Genesco Company Profile

(Get Free Report)

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.

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