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

Key Points

• Analyst consensus: "Hold". Five brokerages cover Genesco (NYSE: GCO) with a mix of 1 sell, 3 holds and 1 strong buy, and an average 12‑month price target of $34.00.
• Earnings and outlook. Genesco reported Q EPS of $3.74 (beating by $0.01) and set FY2027 guidance at 1.900–2.300 EPS; the quarter showed revenue of $799.94M versus a $476.67M consensus. Shares trade around $24.99 with a market cap of about $269.7M and a 1‑year range of $16.19–$38.95.

Shares of Genesco Inc. (NYSE:GCO - Get Free Report) have earned an average recommendation of "Hold" from the five brokerages that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $34.00.

Several equities research analysts have commented on GCO shares. UBS Group set a $38.00 price target on shares of Genesco in a research report on Friday, December 5th. Truist Financial lowered their price objective on shares of Genesco from $38.00 to $32.00 and set a "hold" rating on the stock in a research note on Monday, March 9th. Weiss Ratings reiterated a "sell (d+)" rating on shares of Genesco in a report on Wednesday, December 24th. Jefferies Financial Group reissued a "hold" rating on shares of Genesco in a research note on Friday, March 6th. Finally, Williams Trading upgraded shares of Genesco to a "strong-buy" rating in a report on Monday, January 12th.

Genesco Stock Down 0.4%

Shares of GCO stock opened at $24.99 on Friday. Genesco has a 1 year low of $16.19 and a 1 year high of $38.95. The stock has a market cap of $269.66 million, a PE ratio of 22.12 and a beta of 1.86. The business's fifty day moving average is $29.47 and its 200-day moving average is $29.55. 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 posted its quarterly earnings data on Friday, March 6th. The company reported $3.74 EPS for the quarter, topping analysts' consensus estimates of $3.73 by $0.01. Genesco had a return on equity of 2.92% and a net margin of 0.54%.The company had revenue of $799.94 million for the quarter, compared to the consensus estimate of $476.67 million. Genesco has set its FY 2027 guidance at 1.900-2.300 EPS. Equities analysts expect that Genesco will post 0.94 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Genesco

Several large investors have recently modified their holdings of the stock. SG Americas Securities LLC grew its holdings in shares of Genesco by 1.2% in the 4th quarter. SG Americas Securities LLC now owns 40,198 shares of the company's stock worth $996,000 after acquiring an additional 458 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Genesco by 92.3% during the third 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. Group One Trading LLC acquired a new position in shares of Genesco in the 4th quarter valued at $26,000. Russell Investments Group Ltd. boosted its position in shares of Genesco by 6.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 18,966 shares of the company's stock valued at $550,000 after purchasing an additional 1,121 shares during the period. Finally, Quarry LP increased its stake in Genesco by 182.2% in the 3rd quarter. Quarry LP now owns 1,964 shares of the company's stock worth $57,000 after purchasing an additional 1,268 shares in the last quarter. 94.51% of the stock is owned by institutional investors.

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.

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.