Genesco (NYSE:GCO) Stock Passes Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Genesco shares crossed above their 200-day moving average
• Analyst sentiment is mixed: one Strong Buy and several upgrades, but the MarketBeat consensus is a Hold with a consensus target of $34.00.
• The company has a market cap of $373.8M and a P/E of 30.46; it reported $3.74 EPS for the quarter (beats by $0.01) and set FY 2027 guidance of 1.900–2.300 EPS.

Genesco Inc. (NYSE:GCO - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $28.95 and traded as high as $35.48. Genesco shares last traded at $34.42, with a volume of 356,784 shares trading hands.

Analyst Ratings Changes

Several brokerages recently issued reports on GCO. Zacks Research raised Genesco from a "strong sell" rating to a "hold" rating in a research note on Wednesday, January 14th. Weiss Ratings raised Genesco from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Monday, April 6th. Jefferies Financial Group reissued a "hold" rating on shares of Genesco in a report on Friday, March 6th. Wall Street Zen raised Genesco from a "hold" rating to a "buy" rating in a research report on Saturday, March 28th. Finally, Williams Trading raised Genesco to a "strong-buy" rating in a research report on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $34.00.

Genesco Stock Up 2.6%

The business has a fifty day moving average of $28.01 and a 200 day moving average of $28.95. The firm has a market cap of $373.80 million, a P/E ratio of 30.46 and a beta of 1.78. The company has a quick ratio of 0.49, a current ratio of 1.64 and a debt-to-equity ratio of 0.01.

Genesco (NYSE:GCO - Get Free Report) last released its quarterly earnings data on Friday, March 6th. The company reported $3.74 EPS for the quarter, beating analysts' consensus estimates of $3.73 by $0.01. The business had revenue of $799.94 million during the quarter, compared to the consensus estimate of $476.67 million. Genesco had a return on equity of 2.92% and a net margin of 0.54%.Genesco has set its FY 2027 guidance at 1.900-2.300 EPS. On average, equities research analysts predict that Genesco Inc. will post 0.94 EPS for the current year.

Institutional Trading of Genesco

A number of hedge funds have recently made changes to their positions in the business. Group One Trading LLC bought a new position in Genesco during the 4th quarter worth $26,000. Jones Financial Companies Lllp bought a new position in shares of Genesco in the 1st quarter worth about $26,000. Meeder Asset Management Inc. bought a new position in shares of Genesco in the 4th quarter worth about $37,000. BNP Paribas Financial Markets increased its position in 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 buying an additional 941 shares in the last quarter. Finally, Quarry LP increased its position in Genesco by 182.2% in the 3rd quarter. Quarry LP now owns 1,964 shares of the company's stock valued at $57,000 after buying an additional 1,268 shares in the last quarter. 94.51% of the stock is owned by institutional investors and hedge funds.

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.

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