Genesco Inc. (NYSE:GCO) Receives Average Rating 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 been given an average recommendation of "Moderate Buy" by the three research firms that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $30.00.

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

Genesco Trading Up 3.7%

Shares of GCO traded up $1.14 during midday trading on Wednesday, hitting $32.18. 315,083 shares of the stock were exchanged, compared to its average volume of 224,868. Genesco has a 52-week low of $16.19 and a 52-week high of $44.80. The stock has a fifty day simple moving average of $24.54 and a 200 day simple moving average of $23.98. The firm has a market cap of $346.92 million, a P/E ratio of -13.19 and a beta of 2.22. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.35 and a current ratio of 1.56.

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

Insider Activity

In other news, major shareholder Fund 1 Investments, Llc sold 25,000 shares of the stock in a transaction on Thursday, June 5th. The stock was 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 in the company, valued at approximately $24,954,491. This trade represents a 2.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 23.11% of the company's stock.

Institutional Trading of Genesco

Hedge funds have recently modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Genesco in the fourth quarter valued at $35,000. Jones Financial Companies Lllp acquired a new stake in shares of Genesco in the first quarter valued at $26,000. CWM LLC raised its stake in shares of Genesco by 61.5% in the second quarter. CWM LLC now owns 1,365 shares of the company's stock valued at $27,000 after acquiring an additional 520 shares in the last quarter. Virtus Advisers LLC acquired a new stake in shares of Genesco in the first quarter valued at $56,000. Finally, AlphaQuest LLC raised its stake in shares of Genesco by 501,200.0% in the first quarter. AlphaQuest LLC now owns 5,013 shares of the company's stock valued at $106,000 after acquiring an additional 5,012 shares in the last quarter. 94.51% of the stock is currently owned by institutional investors and hedge funds.

About Genesco

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.