Seaport Res Ptn Has Bullish Outlook for Genesco Q1 Earnings

Genesco Inc. (NYSE:GCO - Free Report) - Investment analysts at Seaport Res Ptn lifted their Q1 2026 earnings per share estimates for shares of Genesco in a report issued on Wednesday, May 28th. Seaport Res Ptn analyst M. Kummetz now forecasts that the company will post earnings of ($2.06) per share for the quarter, up from their prior estimate of ($2.08). The consensus estimate for Genesco's current full-year earnings is $0.94 per share. Seaport Res Ptn also issued estimates for Genesco's Q2 2026 earnings at ($0.85) EPS.

Genesco (NYSE:GCO - Get Free Report) last posted its quarterly earnings results on Friday, March 7th. The company reported $3.26 earnings per share for the quarter, missing analysts' consensus estimates of $3.31 by ($0.05). The business had revenue of $745.95 million during the quarter, compared to analysts' expectations of $780.43 million. Genesco had a negative net margin of 1.13% and a positive return on equity of 0.56%. During the same quarter last year, the firm earned $2.59 earnings per share.

A number of other analysts also recently commented on the stock. Jefferies Financial Group reissued a "hold" rating and set a $24.00 price objective (down previously from $27.00) on shares of Genesco in a report on Wednesday, May 21st. Wall Street Zen lowered Genesco from a "buy" rating to a "hold" rating in a research note on Friday. Finally, Truist Financial began coverage on Genesco in a report on Wednesday, May 28th. They issued a "hold" rating and a $23.00 price target on the stock.

Genesco Price Performance

Shares of NYSE:GCO traded up $1.14 on Monday, reaching $22.45. 371,770 shares of the company were exchanged, compared to its average volume of 300,378. The company has a 50-day moving average of $20.56 and a 200-day moving average of $31.06. The company has a current ratio of 1.56, a quick ratio of 0.32 and a debt-to-equity ratio of 0.19. The firm has a market cap of $242.00 million, a price-to-earnings ratio of -9.24 and a beta of 2.14. Genesco has a 1-year low of $16.19 and a 1-year high of $44.80.

Hedge Funds Weigh In On Genesco

Institutional investors have recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Genesco in the 4th quarter worth approximately $35,000. Jones Financial Companies Lllp acquired a new stake in shares of Genesco during the first quarter worth $26,000. SG Americas Securities LLC purchased a new stake in shares of Genesco in the fourth quarter valued at $111,000. Virtus Advisers LLC purchased a new stake in shares of Genesco in the first quarter valued at $56,000. Finally, AlphaQuest LLC increased its stake in Genesco by 501,200.0% in the first quarter. AlphaQuest LLC now owns 5,013 shares of the company's stock valued at $106,000 after purchasing an additional 5,012 shares during the last quarter. Institutional investors and hedge funds own 94.51% of the company's stock.

Insider Buying and Selling at Genesco

In related news, Director Gregory A. Sandfort acquired 10,974 shares of Genesco stock in a transaction dated Thursday, March 20th. The shares were acquired 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 of the company's stock, valued at $613,201.68. The trade was a 69.54% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Fund 1 Investments, Llc sold 12,000 shares of the stock in a transaction on Friday, March 28th. The shares were sold at an average price of $20.73, for a total value of $248,760.00. Following the sale, the insider now directly owns 1,097,850 shares in the company, valued at approximately $22,758,430.50. The trade was a 1.08% decrease in their position. The disclosure for this sale can be found here. 23.11% of the stock is currently owned by insiders.

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.