From Financial Modeling Prep: 2025-06-03 20:00:00

Genesco Inc. (NYSE:GCO) has seen its consensus price target decrease from $32 to $24, reflecting analysts’ adjusted expectations. Despite challenges in profitability and the competitive retail market landscape, the company’s strong revenue growth and improved margins have caught the attention of Analyst Corey Tarlowe, who set a higher price target of $40.

Operating through segments like Journeys Group and Schuh Group, Genesco is a key player in the retail and wholesale market for footwear, apparel, and accessories. Analysts have adjusted their price target for the company from $32 to $24, with Tarlowe setting a more optimistic target of $40 based on strong revenue growth and improved margins.

Genesco’s recent fourth-quarter results showed strong revenue growth driven by the Journeys brand, though challenges in profitability and operating leverage persist. Despite some improvements in margins, the company has remained unprofitable for half of the year. Analysts are closely monitoring industry trends and Genesco’s financial performance to assess its market position accurately.

In the fiscal fourth quarter, Genesco saw an increase in sales and earnings, with a gross margin expansion to 46.9%. While the company missed earnings estimates, the growth in the Journeys segment has been a positive indicator. Analyst Corey Tarlowe’s $40 price target reflects optimism regarding Genesco’s financial performance and potential upside for the stock.

Genesco’s guidance for fiscal year 2026 suggests minimal margin expansion, leading to a valuation considered unattractive by Zacks at 16 times forward earnings. Investors are advised to keep a close eye on the company’s quarterly earnings reports and strategic initiatives to gauge its market position accurately amidst changing consumer preferences and competitive dynamics.



Read more at Financial Modeling Prep:: Genesco Inc. (NYSE:GCO) Stock Analysis: A Deep Div…