Genesco Inc. (NYSE:GCO) Given Average Recommendation of "Hold" by Analysts

Key Points

• Analysts give Genesco an average rating of "Hold" (four holds, one strong-buy) with a 12‑month consensus price target of $34.00.
• Genesco reported quarterly EPS of $3.74 (beating the $3.73 estimate) on revenue of $799.94M and set FY2027 guidance of 1.90–2.30 EPS, versus a sell‑side expectation of 2.15 EPS.
• Shares opened at $34.76 with a market cap of $377.44M, a P/E of 30.76 and a 52‑week range of $19.18–$38.95, while institutional investors own about 94.51% of the stock.

Genesco Inc. (NYSE:GCO - Get Free Report) has been given an average rating of "Hold" by the five research firms that are currently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $34.00.

GCO has been the topic of a number of analyst reports. Weiss Ratings upgraded shares of Genesco from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Monday, April 6th. Jefferies Financial Group reiterated a "hold" rating on shares of Genesco in a report on Friday, March 6th. Williams Trading upgraded shares of Genesco to a "strong-buy" rating in a report on Monday, January 12th. Zacks Research upgraded shares of Genesco from a "strong sell" rating to a "hold" rating in a report on Wednesday, January 14th. Finally, Wall Street Zen upgraded shares of Genesco from a "hold" rating to a "buy" rating in a report on Saturday, March 28th.

Genesco Stock Down 0.2%

Shares of NYSE GCO opened at $34.76 on Monday. Genesco has a 1 year low of $19.18 and a 1 year high of $38.95. The firm's 50 day moving average price is $29.51 and its 200 day moving average price is $29.46. The firm has a market cap of $377.44 million, a P/E ratio of 30.76 and a beta of 1.82. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.49 and a current ratio of 1.64.

Genesco (NYSE:GCO - Get Free Report) last announced its earnings results on Friday, March 6th. The company reported $3.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.73 by $0.01. Genesco had a net margin of 0.54% and a return on equity of 2.92%. The firm had revenue of $799.94 million for the quarter, compared to analyst estimates of $476.67 million. Genesco has set its FY 2027 guidance at 1.900-2.300 EPS. As a group, sell-side analysts anticipate that Genesco will post 2.15 earnings per share for the current year.

Hedge Funds Weigh In On Genesco

Hedge funds have recently made changes to their positions in the stock. Group One Trading LLC acquired a new position in shares of Genesco in the 4th quarter valued at $26,000. Jones Financial Companies Lllp acquired a new position in shares of Genesco in the 1st quarter valued at $26,000. New York State Teachers Retirement System acquired a new position in shares of Genesco in the 1st quarter valued at $27,000. Meeder Asset Management Inc. acquired a new position in shares of Genesco in the 4th quarter valued at $37,000. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Genesco by 92.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,960 shares of the company's stock valued at $57,000 after purchasing an additional 941 shares during the last quarter. Institutional investors and hedge funds own 94.51% of the company's stock.

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.

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