On Wednesday, Truist Securities analysts reiterated a Hold rating for Genesco stock (NYSE: GCO) and affirmed the price target at $23.00. The decision followed Genesco's first-quarter results, which aligned closely with both the firm's and Wall Street's expectations. The company reported stronger sales and effectively managed selling, general, and administrative expenses, which helped counterbalance a slightly lower gross margin percentage of 47.17%. Despite current tariff impacts, Genesco maintained its full-year earnings per share outlook, with InvestingPro analysts forecasting a return to profitability this year. The company's current ratio of 1.6 indicates strong liquidity, supporting its turnaround efforts. Truist Securities highlighted that the results indicate promising demand in the category, though they expressed caution regarding macroeconomic uncertainties in the second half of the fiscal year.