On March 28, 2023,
Seaport Global
upgraded
their outlook for Genesco (NYSE:GCO) from Neutral to Buy.
Analyst Price Forecast Suggests 26.45% Upside
As of March 27, 2023,
the average one-year price target for Genesco is $45.90.
The forecasts range from a low of $45.45 to a high of $47.25.
The average price target represents an increase of 26.45% from its latest reported closing price of $36.30.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Genesco
is $2,419MM, an increase of 1.43%.
The projected annual non-GAAP EPS
is $5.68.
What are Large Shareholders Doing?
Legion Partners Asset Management
holds 928K shares
representing 7.37% ownership of the company.
In it’s prior filing, the firm reported owning 922K shares, representing
an increase
of 0.63%.
The firm
decreased
its portfolio allocation in GCO by 0.08% over the last quarter.
IJR – iShares Core S&P Small-Cap ETF
holds 920K shares
representing 7.30% ownership of the company.
In it’s prior filing, the firm reported owning 956K shares, representing
a decrease
of 3.94%.
The firm
increased
its portfolio allocation in GCO by 2.44% over the last quarter.
Alliancebernstein
holds 671K shares
representing 5.33% ownership of the company.
In it’s prior filing, the firm reported owning 592K shares, representing
an increase
of 11.79%.
The firm
increased
its portfolio allocation in GCO by 23.34% over the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares
holds 385K shares
representing 3.06% ownership of the company.
No change in the last quarter.
Invesco
holds 352K shares
representing 2.79% ownership of the company.
In it’s prior filing, the firm reported owning 232K shares, representing
an increase
of 34.16%.
The firm
decreased
its portfolio allocation in GCO by 99.98% over the last quarter.
What is the Fund Sentiment?
There are 429 funds or institutions reporting positions in Genesco.
This is a decrease
of
21
owner(s) or 4.67% in the last quarter.
Average portfolio weight of all funds dedicated to GCO is 0.11%,
a decrease
of 2.71%.
Total shares owned by institutions decreased
in the last three months by 6.54% to 13,164K shares.
The put/call ratio of GCO is 0.07, indicating a
bullish
outlook.
Genesco Background Information
(This description is provided by the company.)
Genesco Inc., a Nashville-based specialty retailer, sells footwear and accessories in more than 1,475 retail stores throughout the U.S., Canada, the United Kingdom and the Republic of Ireland, principally under the names Journeys, Journeys Kidz, Schuh, Schuh Kids, Little Burgundy, Johnston & Murphy, and on internet websites www.journeys.com, www.journeyskidz.com, www.journeys.ca, www.littleburgundyshoes.com, www.schuh.co.uk, www.johnstonmurphy.com, www.johnstonmurphy.ca, and www.dockersshoes.com. In addition, Genesco sells wholesale footwear under its Johnston & Murphy brand, the licensed Dockers brand, the licensed Levi’s brand, the licensed Bass brand, and other brands.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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