Genesco (NYSE:GCO) Releases FY 2026 Earnings Guidance

Genesco (NYSE:GCO - Get Free Report) updated its FY 2026 earnings guidance on Wednesday. The company provided earnings per share guidance of 1.300-1.700 for the period, compared to the consensus earnings per share estimate of 1.550. The company issued revenue guidance of $2.3 billion-$2.4 billion, compared to the consensus revenue estimate of $2.3 billion.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Jefferies Financial Group restated a "hold" rating and issued a $24.00 price objective (down from $27.00) on shares of Genesco in a research report on Wednesday, May 21st. Wall Street Zen lowered shares of Genesco from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Finally, Truist Financial lifted their price objective on shares of Genesco from $23.00 to $25.00 and gave the stock a "hold" rating in a report on Thursday.

Genesco Price Performance

Shares of NYSE GCO traded up $0.44 during trading hours on Thursday, reaching $22.73. 386,877 shares of the stock traded hands, compared to its average volume of 217,035. The company's 50-day simple moving average is $20.59 and its two-hundred day simple moving average is $30.94. The company has a market capitalization of $245.00 million, a P/E ratio of -9.35 and a beta of 2.14. Genesco has a 52-week low of $16.19 and a 52-week high of $44.80. 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 (NYSE:GCO - Get Free Report) last announced its quarterly earnings data on Wednesday, June 4th. The company reported ($2.05) earnings per share for the quarter, topping analysts' consensus estimates of ($2.06) by $0.01. Genesco had a negative net margin of 1.13% and a positive return on equity of 0.56%. The firm had revenue of $473.97 million during the quarter, compared to analyst estimates of $463.90 million. During the same period in the previous year, the business posted ($2.10) EPS. The business's quarterly revenue was up 3.6% on a year-over-year basis. Equities research analysts forecast that Genesco will post 0.94 EPS for the current year.

Insider Buying and Selling at Genesco

In related news, 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 of the company's stock, valued at $22,758,430.50. This trade represents a 1.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gregory A. Sandfort acquired 10,974 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The shares were purchased at an average cost of $22.92 per share, for a total transaction of $251,524.08. Following the completion of the transaction, the director now directly owns 26,754 shares in the company, valued at $613,201.68. The trade was a 69.54% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 23.11% of the company's stock.

Hedge Funds Weigh In On Genesco

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GCO. Jones Financial Companies Lllp bought a new stake in Genesco in the 1st quarter worth about $26,000. Royal Bank of Canada boosted its holdings in Genesco by 15.4% in 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 last quarter. Finally, Empowered Funds LLC grew its position in Genesco by 5.3% in the 1st quarter. Empowered Funds LLC now owns 64,783 shares of the company's stock worth $1,375,000 after purchasing an additional 3,282 shares during the period. 94.51% of the stock is owned by institutional investors.

Genesco Company Profile

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.