Seaport Research Partners Reiterates “Neutral” Rating for Genesco (NYSE:GCO)

Genesco (NYSE:GCO)‘s stock had its “neutral” rating reiterated by stock analysts at Seaport Research Partners in a research report issued to clients and investors on Wednesday, Marketbeat Ratings reports.

Several other research analysts have also commented on GCO. Wall Street Zen lowered shares of Genesco from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings upgraded shares of Genesco from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, May 15th. Jefferies Financial Group restated a “hold” rating on shares of Genesco in a report on Friday, March 6th. Finally, Truist Financial decreased their price objective on shares of Genesco from $38.00 to $32.00 and set a “hold” rating for the company in a report on Monday, March 9th. One investment analyst has rated the stock with a Strong Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $34.00.

Genesco Trading Up 0.6%

NYSE:GCO opened at $37.23 on Wednesday. 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 has a 52 week low of $19.62 and a 52 week high of $38.95. The firm has a market capitalization of $404.32 million, a P/E ratio of 32.95 and a beta of 1.82. The company has a fifty day moving average of $31.92 and a 200 day moving average of $29.95.

Genesco (NYSE:GCO) last issued its quarterly earnings data on Friday, March 6th. The company reported $3.74 EPS for the quarter, topping the consensus estimate of $3.73 by $0.01. Genesco had a net margin of 0.54% and a return on equity of 2.92%. The business had revenue of $799.94 million during the quarter, compared to analyst estimates of $476.67 million. Genesco has set its FY 2027 guidance at 1.900-2.300 EPS. On average, research analysts predict that Genesco will post 2.15 earnings per share for the current year.

Institutional Trading of Genesco

A number of hedge funds and other institutional investors have recently modified their holdings of the business. SG Americas Securities LLC grew its position in shares of Genesco by 1.2% in the 4th quarter. SG Americas Securities LLC now owns 40,198 shares of the company’s stock worth $996,000 after buying an additional 458 shares during the period. Silver Oak Securities Incorporated grew its position in shares of Genesco by 3.5% in the 1st quarter. Silver Oak Securities Incorporated now owns 18,688 shares of the company’s stock worth $542,000 after buying an additional 627 shares during the period. New York State Teachers Retirement System purchased a new stake in shares of Genesco in the 1st quarter worth about $27,000. BNP Paribas Financial Markets grew its position in shares of Genesco by 92.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,960 shares of the company’s stock worth $57,000 after buying an additional 941 shares during the period. Finally, Group One Trading LLC purchased a new stake in shares of Genesco in the 4th quarter worth about $26,000. 94.51% of the stock is owned by hedge funds and other institutional investors.

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.