Brokerages Set Genesco Inc. (NYSE:GCO) Price Target at $36.00

Genesco Inc. (NYSE:GCO) has been given a consensus rating of “Hold” by the five brokerages that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $36.00.

Several research firms recently commented on GCO. UBS Group set a $38.00 target price on Genesco in a research note on Friday, December 5th. Williams Trading upgraded Genesco to a “strong-buy” rating in a report on Monday, January 12th. Wall Street Zen lowered shares of Genesco from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Zacks Research raised shares of Genesco from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 14th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Genesco in a report on Wednesday, December 24th.

Institutional Trading of Genesco

Institutional investors and hedge funds have recently made changes to their positions in the company. Pzena Investment Management LLC raised its holdings in Genesco by 44.4% in the second quarter. Pzena Investment Management LLC now owns 1,433,190 shares of the company’s stock valued at $28,220,000 after buying an additional 440,837 shares during the period. MUFG Securities EMEA plc acquired a new stake in shares of Genesco in the second quarter worth $2,954,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Genesco by 607.9% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 77,132 shares of the company’s stock valued at $1,519,000 after acquiring an additional 66,236 shares during the period. SummerHaven Investment Management LLC lifted its holdings in shares of Genesco by 2.4% during the 2nd quarter. SummerHaven Investment Management LLC now owns 31,295 shares of the company’s stock valued at $616,000 after acquiring an additional 721 shares in the last quarter. Finally, CWM LLC boosted its position in Genesco by 61.5% during the 2nd quarter. CWM LLC now owns 1,365 shares of the company’s stock worth $27,000 after purchasing an additional 520 shares during the period. 94.51% of the stock is currently owned by institutional investors and hedge funds.

Genesco Price Performance

GCO stock opened at $28.85 on Friday. The stock’s 50 day moving average price is $29.22 and its 200 day moving average price is $29.08. The firm has a market cap of $311.27 million, a P/E ratio of -160.27 and a beta of 1.81. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.30 and a current ratio of 1.58. Genesco has a 1 year low of $16.19 and a 1 year high of $43.10.

Genesco (NYSE:GCO) last released its earnings results on Thursday, December 4th. The company reported $0.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.08). The business had revenue of $616.22 million for the quarter, compared to the consensus estimate of $618.62 million. During the same quarter last year, the business posted $0.61 EPS. Genesco has set its FY 2026 guidance at 0.950-0.95 EPS. On average, sell-side analysts expect that Genesco will post 0.94 earnings per share for the current fiscal year.

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.