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

Genesco Inc. (NYSE:GCO) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $30.58 and traded as high as $42.72. Genesco shares last traded at $42.5090, with a volume of 194,496 shares traded.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Seaport Research Partners lowered shares of Genesco from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 27th. Truist Financial set a $40.00 price target on shares of Genesco in a research report on Friday, May 29th. Wall Street Zen lowered shares of Genesco from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings raised shares of Genesco from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 15th. Finally, Zacks Research raised shares of Genesco from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 2nd. Two investment analysts have rated the stock with a Strong Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $36.67.

Genesco Price Performance

The stock has a market capitalization of $471.52 million, a price-to-earnings ratio of 24.55 and a beta of 1.83. The company has a quick ratio of 0.37, a current ratio of 1.83 and a debt-to-equity ratio of 0.08. The business’s 50 day simple moving average is $35.08 and its 200-day simple moving average is $30.67.

Genesco (NYSE:GCO) last announced its quarterly earnings data on Friday, May 29th. The company reported ($2.18) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($2.58) by $0.40. Genesco had a net margin of 0.80% and a return on equity of 2.66%. The firm had revenue of $487.03 million for the quarter, compared to the consensus estimate of $474.33 million. Genesco has set its FY 2027 guidance at 2.000-2.400 EPS. On average, research analysts forecast that Genesco Inc. will post 2.25 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. New York State Teachers Retirement System bought a new position in Genesco during the 1st quarter worth approximately $27,000. Group One Trading LLC bought a new stake in shares of Genesco in the 4th quarter valued at $26,000. Optiver Holding B.V. grew its position in Genesco by 550.6% in the 1st quarter. Optiver Holding B.V. now owns 1,106 shares of the company’s stock valued at $32,000 after purchasing an additional 936 shares during the period. Jones Financial Companies Lllp acquired a new stake in Genesco in the 1st quarter valued at $26,000. Finally, Meeder Asset Management Inc. acquired a new stake in Genesco in the 4th quarter valued at $37,000. 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.