Genesco Inc. (NYSE:GCO) Given Consensus Recommendation of "Buy" by Analysts

Key Points

• Analysts' Consensus: Genesco Inc. has received an average rating of "Buy" from four analysts, with two ratings for hold and two for strong buy. The average one-year price target is set at $30.00.
• Recent Earnings Report: Genesco reported earnings-per-share of ($1.14), exceeding estimates, alongside a revenue of $545.97 million, up 4.0% year-over-year.
• Institutional Ownership: Institutional investors and hedge funds hold a significant majority, owning 94.51% of Genesco's stock, with notable increases in stakes by firms like Ameriprise and Deutsche Bank in recent quarters.

Genesco Inc. (NYSE:GCO - Get Free Report) has been given a consensus recommendation of "Buy" by the four analysts that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $30.00.

Several equities research analysts have recently issued reports on GCO shares. Seaport Res Ptn upgraded shares of Genesco from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 26th. Wall Street Zen lowered shares of Genesco from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Jefferies Financial Group raised their target price on shares of Genesco from $24.00 to $29.00 and gave the stock a "hold" rating in a report on Friday, August 29th. Zacks Research upgraded shares of Genesco from a "hold" rating to a "strong-buy" rating in a report on Friday, August 29th. Finally, Truist Financial raised their target price on shares of Genesco from $25.00 to $31.00 and gave the stock a "hold" rating in a report on Friday, August 29th.

Genesco Price Performance

GCO stock traded down $0.19 during trading on Friday, hitting $31.95. 31,905 shares of the company's stock traded hands, compared to its average volume of 272,150. Genesco has a 52 week low of $16.19 and a 52 week high of $44.80. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.35 and a current ratio of 1.56. The business has a fifty day simple moving average of $28.14 and a 200 day simple moving average of $23.62. The stock has a market capitalization of $345.06 million, a price-to-earnings ratio of -13.09 and a beta of 2.22.

Genesco (NYSE:GCO - Get Free Report) last released its quarterly earnings data on Thursday, August 28th. The company reported ($1.14) EPS for the quarter, beating the consensus estimate of ($1.25) by $0.11. Genesco had a negative net margin of 1.03% and a positive return on equity of 1.75%. The business had revenue of $545.97 million during the quarter, compared to analyst estimates of $531.89 million. During the same quarter last year, the business earned ($0.83) earnings per share. Genesco's quarterly revenue was up 4.0% compared to the same quarter last year. Genesco has set its FY 2026 guidance at 1.300-1.700 EPS. As a group, research analysts expect that Genesco will post 0.94 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp purchased a new position in Genesco in the 1st quarter worth about $26,000. CWM LLC increased its stake in Genesco by 61.5% in 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 period. Virtus Advisers LLC purchased a new position in Genesco in the 1st quarter worth about $56,000. AlphaQuest LLC increased its stake in Genesco by 501,200.0% in the 1st quarter. AlphaQuest LLC now owns 5,013 shares of the company's stock worth $106,000 after buying an additional 5,012 shares during the period. Finally, Tower Research Capital LLC TRC increased its position in Genesco by 37.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,514 shares of the company's stock valued at $109,000 after purchasing an additional 1,499 shares during the period. Hedge funds and other institutional investors own 94.51% of the company's stock.

Genesco Company Profile

Genesco Inc operates as a retailer and wholesaler of footwear, apparel, and accessories in the United States, Puerto Rico, Canada, the United Kingdom, and the Republic of Ireland. The company operates through four segments: Journeys Group, Schuh Group, Johnston & Murphy Group, and Genesco Brands.