Genesco (NYSE:GCO) Updates FY 2026 Earnings Guidance

Key Points

• Genesco has issued its FY 2026 earnings guidance, projecting earnings per share (EPS) between 1.300 and 1.700, and revenue guidance of $2.4 billion, aligning with consensus estimates.
• Despite a positive quarterly earnings report, Genesco's stock is currently rated as a Moderate Buy, with price target adjustments from multiple analysts reflecting a cautious outlook.
• Significant insider trading was reported, with major shareholder Fund 1 Investments selling 25,000 shares at an average price of $23.26, reducing their ownership stake in the company.

Genesco (NYSE:GCO - Get Free Report) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share guidance of 1.300-1.700 for the period, compared to the consensus earnings per share estimate of 1.560. The company issued revenue guidance of $2.4 billion-$2.4 billion, compared to the consensus revenue estimate of $2.4 billion.

Analysts Set New Price Targets

Several research firms recently issued reports on GCO. Wall Street Zen downgraded Genesco from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Truist Financial upped their target price on Genesco from $25.00 to $31.00 and gave the company a "hold" rating in a research report on Friday. Jefferies Financial Group upped their target price on Genesco from $24.00 to $29.00 and gave the company a "hold" rating in a research report on Friday. Finally, Seaport Res Ptn raised Genesco from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $30.00.

Genesco Stock Performance

GCO traded up $1.14 during midday trading on Monday, hitting $32.18. 315,083 shares of the company were exchanged, compared to its average volume of 224,868. The company's 50 day simple moving average is $24.54 and its 200 day simple moving average is $23.98. The firm has a market capitalization of $346.92 million, a price-to-earnings ratio of -13.19 and a beta of 2.22. The company has a current ratio of 1.56, a quick ratio of 0.35 and a debt-to-equity ratio of 0.11. Genesco has a 1-year low of $16.19 and a 1-year high of $44.80.

Genesco (NYSE:GCO - Get Free Report) last posted its earnings results on Thursday, August 28th. The company reported ($1.14) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.25) by $0.11. Genesco had a negative net margin of 1.03% and a positive return on equity of 1.75%. The business had revenue of $545.97 million for the quarter, compared to analyst estimates of $531.89 million. During the same period in the prior year, the company posted ($0.83) EPS. The company's revenue for the quarter was up 4.0% on a year-over-year basis. Genesco has set its FY 2026 guidance at 1.300-1.700 EPS. As a group, sell-side analysts predict that Genesco will post 0.94 earnings per share for the current year.

Insider Buying and Selling

In other Genesco news, major shareholder Fund 1 Investments, Llc sold 25,000 shares of the stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $23.26, for a total value of $581,500.00. Following the completion of the sale, the insider owned 1,072,850 shares in the company, valued at approximately $24,954,491. This represents a 2.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 23.11% of the company's stock.

Institutional Trading of Genesco

Several institutional investors have recently made changes to their positions in GCO. Arrowstreet Capital Limited Partnership increased its holdings in Genesco by 371.2% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 272,455 shares of the company's stock valued at $5,365,000 after purchasing an additional 214,639 shares during the last quarter. Bridgeway Capital Management LLC increased its holdings in Genesco by 29.7% in the 2nd quarter. Bridgeway Capital Management LLC now owns 238,252 shares of the company's stock valued at $4,691,000 after purchasing an additional 54,498 shares during the last quarter. Shay Capital LLC acquired a new stake in Genesco in the 2nd quarter valued at approximately $4,027,000. MUFG Securities EMEA plc acquired a new stake in Genesco in the 2nd quarter valued at approximately $2,954,000. Finally, Empowered Funds LLC increased its holdings in Genesco by 5.3% in 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. Hedge funds and other institutional investors own 94.51% of the company's stock.

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.