Genesco (NYSE:GCO) Stock Price Crosses Above 200 Day Moving Average - Here's Why

Key Points

• Genesco stock crossed above its 200‑day moving average, trading as high as $35.80 and last at $35.25 versus a 200‑day MA of $29.23, marking a technical breakout on Friday.
• Analysts are mixed with a consensus “Hold” rating and a $34.00 target (one Strong Buy, four Holds); Truist recently cut its target to $32 while several firms issued upgrades earlier in the year.
• The company posted a slight quarterly EPS beat ($3.74 vs. $3.73) and set FY2027 guidance of 1.90–2.30 EPS, with a market cap of $382.8M and a P/E of 31.2.

Genesco Inc. (NYSE:GCO - Get Free Report)'s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $29.23 and traded as high as $35.80. Genesco shares last traded at $35.2510, with a volume of 108,341 shares.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on GCO. Zacks Research raised shares of Genesco from a "strong sell" rating to a "hold" rating in a report on Wednesday, January 14th. Wall Street Zen upgraded shares of Genesco from a "hold" rating to a "buy" rating in a research report on Saturday, March 28th. Williams Trading upgraded shares of Genesco to a "strong-buy" rating in a research report on Monday, January 12th. Weiss Ratings upgraded shares of Genesco from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Monday, April 6th. Finally, Truist Financial reduced their price objective on shares of Genesco from $38.00 to $32.00 and set a "hold" rating on the stock in a research report on Monday, March 9th. One equities 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 company currently has an average rating of "Hold" and a consensus target price of $34.00.

Genesco Trading Down 1.2%

The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.49 and a current ratio of 1.64. The stock's fifty day moving average is $28.93 and its 200 day moving average is $29.23. The stock has a market cap of $382.83 million, a P/E ratio of 31.20 and a beta of 1.78.

Genesco (NYSE:GCO - Get Free Report) last announced its quarterly earnings results on Friday, March 6th. The company reported $3.74 EPS for the quarter, beating analysts' consensus estimates of $3.73 by $0.01. Genesco had a net margin of 0.54% and a return on equity of 2.92%. The firm had revenue of $799.94 million during the quarter, compared to the consensus estimate of $476.67 million. Genesco has set its FY 2027 guidance at 1.900-2.300 EPS. As a group, equities research analysts predict that Genesco Inc. will post 2.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in GCO. Group One Trading LLC bought a new stake in Genesco in the fourth quarter worth about $26,000. Jones Financial Companies Lllp bought a new stake in Genesco in the first quarter worth about $26,000. Meeder Asset Management Inc. bought a new stake in Genesco in the fourth quarter worth about $37,000. BNP Paribas Financial Markets lifted its stake in Genesco by 92.3% in the third quarter. BNP Paribas Financial Markets now owns 1,960 shares of the company's stock worth $57,000 after purchasing an additional 941 shares during the last quarter. Finally, Quarry LP lifted its stake in Genesco by 182.2% in the third quarter. Quarry LP now owns 1,964 shares of the company's stock worth $57,000 after purchasing an additional 1,268 shares during the last quarter. Institutional investors own 94.51% of the company's stock.

Genesco Company Profile

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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