Genesco Stock Soars 11.86% on Narrower Q1 Loss

Genesco's stock surged 11.86% in pre-market trading on June 4, 2025, marking a significant rise that has caught the attention of investors and analysts alike.

Genesco, a specialty retailer of branded footwear, reported a narrower net loss in its first quarter, driven by higher net sales and comparable sales growth. This positive development has bolstered investor confidence in the company's financial performance and future prospects.

Analysts have provided mixed opinions on Genesco's stock. While some have lowered their ratings, others have maintained a positive outlook. The average price target for Genesco's stock is $23.50, with estimates ranging from $23.00 to $24.00. This indicates a potential upside for investors who are bullish on the company's long-term growth.

Genesco's recent earnings report and positive revenue growth have contributed to the stock's recent surge. The company's ability to narrow its losses and increase sales has been well-received by the market, leading to a more optimistic outlook for the stock.