Genesco (NYSE:GCO) Releases Earnings Results

Key Points

• Genesco reported an earnings per share of ($1.14), exceeding analysts' expectations of ($1.25), despite a negative net margin of 0.67%.
• The company anticipates a fiscal year 2026 earnings per share range of 1.300-1.700.
• Institutional investors now hold 94.51% of Genesco's stock, with several new positions acquired recently, indicating strong institutional interest.

Genesco (NYSE:GCO - Get Free Report) announced its earnings results on Thursday. The company reported ($1.14) earnings per share for the quarter, topping analysts' consensus estimates of ($1.25) by $0.11, Zacks reports. Genesco had a negative net margin of 0.67% and a positive return on equity of 2.22%. During the same period in the prior year, the firm earned ($0.83) earnings per share. The business's revenue was up 4.0% on a year-over-year basis. Genesco updated its FY 2026 guidance to 1.300-1.700 EPS.

Genesco Price Performance

Shares of GCO opened at $32.87 on Thursday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.55 and a current ratio of 1.91. The stock has a 50 day simple moving average of $24.15 and a 200 day simple moving average of $24.30. Genesco has a 52-week low of $16.19 and a 52-week high of $44.80. The firm has a market capitalization of $354.30 million, a PE ratio of -21.07 and a beta of 2.25.

Analyst Ratings Changes

Several brokerages have weighed in on GCO. Truist Financial boosted their price objective on Genesco from $23.00 to $25.00 and gave the stock a "hold" rating in a report on Thursday, June 5th. Wall Street Zen cut Genesco from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Seaport Res Ptn raised Genesco from a "hold" rating to a "strong-buy" rating in a research note on Tuesday. Finally, Jefferies Financial Group reaffirmed a "hold" rating and issued a $24.00 price target (down from $27.00) on shares of Genesco in a research note on Wednesday, May 21st. One analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $24.50.

Insider Activity

In related news, major shareholder Fund 1 Investments, Llc sold 25,000 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $23.26, for a total value of $581,500.00. Following the completion of the transaction, the insider directly owned 1,072,850 shares in the company, valued at approximately $24,954,491. The trade was a 2.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 23.11% of the company's stock.

Hedge Funds Weigh In On Genesco

Several institutional investors and hedge funds have recently modified their holdings of GCO. Jones Financial Companies Lllp acquired a new position in shares of Genesco in the 1st quarter valued at approximately $26,000. Tower Research Capital LLC TRC grew its position in shares of Genesco by 37.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,514 shares of the company's stock valued at $109,000 after purchasing an additional 1,499 shares during the period. Cetera Investment Advisers acquired a new position in shares of Genesco in the 2nd quarter valued at approximately $208,000. Engineers Gate Manager LP acquired a new position in shares of Genesco in the 2nd quarter valued at approximately $264,000. Finally, Quantinno Capital Management LP acquired a new position in Genesco during the 2nd quarter worth approximately $310,000. 94.51% of the stock is currently owned by institutional investors and hedge funds.

About Genesco

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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