
Genesco (GCO) Stock Forecast & Price Target
Genesco (GCO) Analyst Ratings
Bulls say
Genesco is expected to see growth in its Journeys segment as the company continues to execute on its growth initiatives and cost savings. However, the challenging macro environment, specifically in the UK, may present potential headwinds for the company. Despite this, the company remains optimistic and is targeting 95 store remodels this year, which will more than double the current 4.0 store footprint. Additionally, the company has seen strong full-priced sales trends and expense leverage in the Journeys segment, and is expected to continue seeing positive comps through the lull period between BTS and the holiday season.
Bears say
Genesco is facing many fundamental risks that could hinder its growth prospects, including potential macro pressures on consumer spending, unfavorable weather conditions, and heightened competition in the retail industry. These risks are already manifesting in the company's guidance for a slight comp increase and sales decline in the first quarter of fiscal year 2027, resulting in modest EBIT and EPS decreases. Additionally, uncertainties surrounding the strength of Journeys' momentum and the UK consumer market could further dampen Genesco's potential for growth and profitability. Overall, these factors contribute to a negative outlook for the company's stock.
This aggregate rating is based on analysts' research of Genesco and is not a guaranteed prediction by Public.com or investment advice.
Genesco (GCO) Analyst Forecast & Price Prediction
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