Genesco (NYSE:GCO - Get Free Report) is projected to release its Q1 2026 earnings data before the market opens on Friday, May 30th. Analysts expect Genesco to post earnings of ($2.06) per share and revenue of $463.90 million for the quarter. Genesco has set its FY 2026 guidance at 1.300-1.700 EPS.
Genesco (NYSE:GCO - Get Free Report) last issued its quarterly earnings results on Friday, March 7th. The company reported $3.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.31 by ($0.05). The firm had revenue of $745.95 million for the quarter, compared to the consensus estimate of $780.43 million. Genesco had a positive return on equity of 0.56% and a negative net margin of 1.13%. During the same period last year, the firm earned $2.59 EPS. On average, analysts expect Genesco to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Genesco Price Performance
Shares of Genesco stock traded down $0.15 during trading on Wednesday, hitting $21.71. 232,751 shares of the stock traded hands, compared to its average volume of 214,735. The stock has a market cap of $234.02 million, a price-to-earnings ratio of -8.93 and a beta of 2.14. The company has a quick ratio of 0.32, a current ratio of 1.56 and a debt-to-equity ratio of 0.19. Genesco has a 52 week low of $16.19 and a 52 week high of $44.80. The firm's fifty day moving average is $20.62 and its 200-day moving average is $31.24.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on GCO. Wall Street Zen cut shares of Genesco from a "buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Truist Financial assumed coverage on shares of Genesco in a report on Wednesday. They issued a "hold" rating and a $23.00 price objective for the company. Finally, Jefferies Financial Group reaffirmed a "hold" rating and set a $24.00 target price (down previously from $27.00) on shares of Genesco in a report on Wednesday, May 21st.
View Our Latest Stock Report on Genesco
Insider Activity at Genesco
In related news, Director Gregory A. Sandfort acquired 10,974 shares of the company's stock in a transaction dated Thursday, March 20th. The stock was purchased at an average price of $22.92 per share, with a total value of $251,524.08. Following the completion of the purchase, the director now owns 26,754 shares in the company, valued at $613,201.68. This trade represents a 69.54% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Fund 1 Investments, Llc sold 12,000 shares of the firm's stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $20.73, for a total transaction of $248,760.00. Following the completion of the transaction, the insider now owns 1,097,850 shares in the company, valued at $22,758,430.50. This represents a 1.08% decrease in their position. The disclosure for this sale can be found here. 7.09% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Genesco
A number of hedge funds have recently modified their holdings of the company. Royal Bank of Canada boosted its holdings in shares of Genesco by 15.4% during the first quarter. Royal Bank of Canada now owns 52,848 shares of the company's stock worth $1,122,000 after purchasing an additional 7,042 shares during the period. Empowered Funds LLC raised its position in Genesco by 5.3% during the 1st quarter. Empowered Funds LLC now owns 64,783 shares of the company's stock valued at $1,375,000 after purchasing an additional 3,282 shares during the last quarter. Finally, Jones Financial Companies Lllp purchased a new stake in Genesco in the 1st quarter worth approximately $26,000. Hedge funds and other institutional investors own 94.51% of the company's stock.
About Genesco
(
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Genesco Inc operates as a retailer and wholesaler of footwear, apparel, and accessories in the United States, Puerto Rico, Canada, the United Kingdom, and the Republic of Ireland. The company operates through four segments: Journeys Group, Schuh Group, Johnston & Murphy Group, and Genesco Brands.
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