Genesco Inc. (NYSE:GCO) Given Consensus Rating of "Hold" by Brokerages

Key Points

• Analysts maintain a “Hold” consensus on Genesco, with three hold ratings, one sell and one strong-buy rating. The average 12-month price target is $36, slightly below the reported $35.90 share price.
• Genesco’s quarterly loss of $0.83 per share beat expectations for a $1.37 loss, while revenue of $529.9 million exceeded estimates. The company raised its fiscal 2027 adjusted EPS outlook to the high end of its existing $2.00–$2.40 range.
• Despite improved margins and stronger earnings, sales fell 3% year over year and comparable sales declined 1%; results were also helped by a $22.5 million tariff refund. Institutional investors own approximately 94.5% of Genesco’s shares.

Shares of Genesco Inc. (NYSE:GCO - Get Free Report) have been given an average recommendation of "Hold" by the five research firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $36.00.

GCO has been the topic of a number of research analyst reports. Zacks Research downgraded Genesco from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 31st. Wall Street Zen cut Genesco from a "buy" rating to a "hold" rating in a report on Saturday, June 13th. Truist Financial cut their price objective on Genesco from $40.00 to $38.00 and set a "hold" rating for the company in a research report on Friday. Weiss Ratings lowered shares of Genesco from a "hold (c)" rating to a "sell (d+)" rating in a report on Friday, June 12th. Finally, Seaport Research Partners cut shares of Genesco from a "buy" rating to a "neutral" rating in a research report on Wednesday, May 27th.

Insider Buying and Selling at Genesco

In related news, Director Gregory Sandfort purchased 2,958 shares of Genesco stock in a transaction dated Thursday, July 9th. The shares were acquired at an average cost of $33.80 per share, with a total value of $99,980.40. Following the purchase, the director owned 29,172 shares of the company's stock, valued at approximately $986,013.60. The trade was a 11.28% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 23.11% of the stock is currently owned by corporate insiders.

Institutional Trading of Genesco

Institutional investors have recently added to or reduced their stakes in the stock. Silver Oak Securities Incorporated lifted its stake in Genesco by 3.5% during the first quarter. Silver Oak Securities Incorporated now owns 18,688 shares of the company's stock worth $542,000 after purchasing an additional 627 shares in the last quarter. New York State Teachers Retirement System acquired a new stake in shares of Genesco in the first quarter valued at $27,000. Optiver Holding B.V. raised its holdings in shares of Genesco by 550.6% in the 1st quarter. Optiver Holding B.V. now owns 1,106 shares of the company's stock valued at $32,000 after buying an additional 936 shares during the period. Legal & General Group Plc purchased a new stake in shares of Genesco in the 2nd quarter valued at $32,000. Finally, BNP Paribas Financial Markets lifted its stake in 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 acquiring an additional 941 shares in the last quarter. Institutional investors and hedge funds own 94.51% of the company's stock.

Genesco Stock Up 4.2%

Shares of NYSE GCO opened at $35.90 on Friday. The company has a market capitalization of $398.85 million, a P/E ratio of 9.35 and a beta of 1.80. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.58 and a quick ratio of 0.37. The company has a 50 day simple moving average of $35.48 and a 200-day simple moving average of $33.36. Genesco has a 1 year low of $21.92 and a 1 year high of $43.60.

Genesco (NYSE:GCO - Get Free Report) last released its quarterly earnings data on Thursday, September 3rd. The company reported ($0.83) EPS for the quarter, beating analysts' consensus estimates of ($1.37) by $0.54. The firm had revenue of $529.86 million for the quarter, compared to analysts' expectations of $527.26 million. Genesco had a return on equity of 3.13% and a net margin of 1.71%.During the same period in the prior year, the firm posted ($1.79) earnings per share. Genesco has set its FY 2027 guidance at 2.000-2.400 EPS. On average, equities research analysts predict that Genesco will post 2.35 earnings per share for the current year.

Genesco News Summary

Here are the key news stories impacting Genesco this week:

• Positive Sentiment: Genesco reported an adjusted loss of $0.83 per share, significantly better than the $1.37 loss analysts expected and improved from a $1.79 loss a year earlier. Revenue of approximately $529.9 million also exceeded consensus estimates of $527.3 million. Genesco Boosts FY27 Adjusted EPS Outlook
• Positive Sentiment: The company raised its fiscal 2027 adjusted EPS outlook to the high end of its existing $2.00-$2.40 range, implying confidence in its turnaround plan. Revenue guidance of about $2.4 billion was maintained, broadly matching analyst expectations. Genesco Signals Fiscal 2027 EPS at High End
• Positive Sentiment: Journeys comparable sales rose 2%, while Johnston & Murphy comparable sales increased 4%. Genesco also plans to open approximately 95 Journeys 4.0 locations, supporting expectations for future growth.
• Positive Sentiment: GAAP gross margin expanded to 51.4% from 45.8%, and the company swung to $3.5 million of net income from an $18.5 million loss in the prior-year quarter.
• Neutral Sentiment: Truist Financial lowered its price target from $40 to $38 and kept a “hold” rating. The revised target still indicates modest upside, but signals limited near-term conviction.
• Negative Sentiment: Sales declined 3% year over year, comparable sales fell 1%, and e-commerce comparable sales dropped 6%. An analysis also cautioned that the $22.5 million tariff refund, including interest, materially boosted quarterly results and may obscure underlying operating performance. One-Time Cash Payments Distort the Real Picture

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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