Genesco Inc. (NYSE:GCO) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Genesco Inc. has received a consensus rating of "Moderate Buy" from analysts, with two hold ratings and one strong buy rating among three firms covering the stock.
• The company reported a quarterly EPS of ($2.05), marginally beating analysts' expectations, and revenue of $473.97 million, which represents a 3.6% year-over-year increase.
• Major shareholder Fund 1 Investments recently sold 25,000 shares at an average price of $23.26, resulting in a 2.28% decrease in their ownership position.

Shares of Genesco Inc. (NYSE:GCO - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the three ratings firms that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $24.50.

Several research firms have recently commented on GCO. Jefferies Financial Group reaffirmed a "hold" rating and issued a $24.00 target price (down from $27.00) on shares of Genesco in a research report on Wednesday, May 21st. Seaport Res Ptn raised shares of Genesco from a "hold" rating to a "strong-buy" rating in a research note on Tuesday. Wall Street Zen cut Genesco from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Finally, Truist Financial increased their target price on Genesco from $23.00 to $25.00 and gave the stock a "hold" rating in a research report on Thursday, June 5th.

Genesco Price Performance

Shares of Genesco stock opened at $32.06 on Wednesday. The company has a quick ratio of 0.55, a current ratio of 1.91 and a debt-to-equity ratio of 0.22. The company's fifty day simple moving average is $23.92 and its two-hundred day simple moving average is $24.24. The firm has a market cap of $345.52 million, a PE ratio of -20.55 and a beta of 2.25. Genesco has a 12-month low of $16.19 and a 12-month high of $44.80.

Genesco (NYSE:GCO - Get Free Report) last announced its quarterly earnings results on Wednesday, June 4th. The company reported ($2.05) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($2.09) by $0.04. The company had revenue of $473.97 million for the quarter, compared to the consensus estimate of $463.90 million. Genesco had a positive return on equity of 2.22% and a negative net margin of 0.67%.Genesco's revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($2.10) EPS. Genesco has set its FY 2026 guidance at 1.300-1.700 EPS. As a group, equities analysts expect that Genesco will post 0.94 EPS for the current year.

Insider Buying and Selling

In other news, major shareholder Fund 1 Investments, Llc sold 25,000 shares of the company's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $23.26, for a total value of $581,500.00. Following the sale, the insider directly owned 1,072,850 shares of the company's stock, valued at $24,954,491. This represents a 2.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 23.11% of the company's stock.

Hedge Funds Weigh In On Genesco

Several large investors have recently made changes to their positions in the business. Jones Financial Companies Lllp bought a new position in Genesco during the 1st quarter valued at approximately $26,000. CWM LLC boosted 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 purchasing an additional 520 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Genesco during the 4th quarter valued at about $35,000. Virtus Advisers LLC bought a new stake in Genesco during the 1st quarter valued at about $56,000. Finally, AlphaQuest LLC raised its holdings in Genesco by 501,200.0% in the first 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 last quarter. 94.51% of the stock is currently owned by hedge funds and other institutional investors.

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.

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