Genesco Inc. (NYSE:GCO) Receives Average Rating of “Hold” from Analysts

Genesco Inc. (NYSE:GCO) has earned an average rating of “Hold” from the five brokerages that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $36.00.

Several research firms have commented on GCO. Wall Street Zen downgraded shares of Genesco from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Weiss Ratings cut Genesco from a “hold (c)” rating to a “sell (d+)” rating in a research note on Friday, June 12th. Seaport Research Partners lowered Genesco from a “buy” rating to a “neutral” rating in a report on Wednesday, May 27th. Truist Financial lowered their target price on Genesco from $40.00 to $38.00 and set a “hold” rating for the company in a research note on Friday. Finally, Zacks Research downgraded Genesco from a “strong-buy” rating to a “hold” rating in a report on Friday, July 31st.

Genesco Trading Up 4.2%

NYSE GCO opened at $35.90 on Friday. The firm has a 50 day simple moving average of $35.48 and a 200-day simple moving average of $33.36. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.37 and a current ratio of 1.58. Genesco has a one year low of $21.92 and a one year high of $43.60. The firm has a market cap of $398.85 million, a price-to-earnings ratio of 9.35 and a beta of 1.80.

Genesco (NYSE:GCO) last announced its earnings results on Thursday, September 3rd. The company reported ($0.83) earnings per share for the quarter, topping the consensus estimate of ($1.37) by $0.54. The firm had revenue of $529.86 million for the quarter, compared to the consensus estimate of $527.26 million. Genesco had a net margin of 1.71% and a return on equity of 3.13%. During the same period in the prior year, the firm earned ($1.79) EPS. Genesco has set its FY 2027 guidance at 2.000-2.400 EPS. Equities research analysts anticipate that Genesco will post 2.35 EPS for the current fiscal year.

Insider Activity

In related news, Director Gregory Sandfort acquired 2,958 shares of the firm’s stock in a transaction dated Thursday, July 9th. The stock was acquired at an average price of $33.80 per share, for a total transaction of $99,980.40. Following the purchase, the director owned 29,172 shares of the company’s stock, valued at $986,013.60. This represents a 11.28% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 23.11% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Pzena Investment Management LLC acquired a new position in Genesco during the 2nd quarter worth approximately $37,104,000. BlackRock Inc. purchased a new stake in shares of Genesco during the 2nd quarter worth $30,730,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Genesco by 371.2% during the second quarter. Arrowstreet Capital Limited Partnership now owns 272,455 shares of the company’s stock worth $5,365,000 after purchasing an additional 214,639 shares in the last quarter. Shay Capital LLC acquired a new position in shares of Genesco during the second quarter worth $4,027,000. Finally, Fund 1 Investments LLC increased its holdings in Genesco by 43.4% in the second quarter. Fund 1 Investments LLC now owns 609,963 shares of the company’s stock valued at $20,598,000 after buying an additional 184,653 shares during the last quarter. Hedge funds and other institutional investors own 94.51% of the company’s stock.

Key Headlines Impacting Genesco

Here are the key news stories impacting Genesco this week:

• Positive Sentiment: Genesco reported an adjusted loss of $0.83 per share, significantly better than the $1.37 loss analysts expected and improved from a $1.79 loss a year earlier. Revenue of approximately $529.9 million also exceeded consensus estimates of $527.3 million. Genesco Boosts FY27 Adjusted EPS Outlook
• Positive Sentiment: The company raised its fiscal 2027 adjusted EPS outlook to the high end of its existing $2.00-$2.40 range, implying confidence in its turnaround plan. Revenue guidance of about $2.4 billion was maintained, broadly matching analyst expectations. Genesco Signals Fiscal 2027 EPS at High End
• Positive Sentiment: Journeys comparable sales rose 2%, while Johnston & Murphy comparable sales increased 4%. Genesco also plans to open approximately 95 Journeys 4.0 locations, supporting expectations for future growth.
• Positive Sentiment: GAAP gross margin expanded to 51.4% from 45.8%, and the company swung to $3.5 million of net income from an $18.5 million loss in the prior-year quarter.
• Neutral Sentiment: Truist Financial lowered its price target from $40 to $38 and kept a “hold” rating. The revised target still indicates modest upside, but signals limited near-term conviction.
• Negative Sentiment: Sales declined 3% year over year, comparable sales fell 1%, and e-commerce comparable sales dropped 6%. An analysis also cautioned that the $22.5 million tariff refund, including interest, materially boosted quarterly results and may obscure underlying operating performance. One-Time Cash Payments Distort the Real Picture

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.