Seaport Res Ptn Comments on Genesco's Q3 Earnings (NYSE:GCO)

Key Points

• Seaport Res Ptn has increased its Q3 2026 earnings estimate for Genesco to $1.06 per share, up from $1.02, and maintains a "Strong-Buy" rating on the stock.
• Genesco's stock has seen a 12.6% increase, currently trading at $32.06, but analysts suggest caution about expecting a sustained rally.
• Institutional investors are showing increased interest; Pzena Investment Management raised its position in Genesco by 44.4% during the second quarter.

Genesco Inc. (NYSE:GCO - Free Report) - Stock analysts at Seaport Res Ptn boosted their Q3 2026 earnings estimates for Genesco in a research note issued to investors on Tuesday, August 26th. Seaport Res Ptn analyst M. Kummetz now expects that the company will earn $1.06 per share for the quarter, up from their prior estimate of $1.02. Seaport Res Ptn currently has a "Strong-Buy" rating on the stock. The consensus estimate for Genesco's current full-year earnings is $0.94 per share. Seaport Res Ptn also issued estimates for Genesco's Q4 2026 earnings at $3.80 EPS, FY2026 earnings at $1.62 EPS, FY2027 earnings at $2.25 EPS and FY2028 earnings at $2.90 EPS.

Several other research analysts have also recently weighed in on GCO. 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 cut shares of Genesco from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Finally, Truist Financial upped their price objective on shares of Genesco from $23.00 to $25.00 and gave the stock a "hold" rating in a research report on Thursday, June 5th. One research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $24.50.

Genesco Stock Up 12.6%

GCO stock opened at $32.06 on Wednesday. The company has a current ratio of 1.91, a quick ratio of 0.55 and a debt-to-equity ratio of 0.22. The company's 50 day moving average is $23.92 and its 200 day moving average is $24.24. The stock has a market cap of $345.52 million, a price-to-earnings ratio of -20.55 and a beta of 2.25. Genesco has a 1-year low of $16.19 and a 1-year high of $44.80.

Genesco (NYSE:GCO - Get Free Report) last announced its quarterly earnings results on Wednesday, June 4th. The company reported ($2.05) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($2.09) by $0.04. Genesco had a negative net margin of 0.67% and a positive return on equity of 2.22%. The firm had revenue of $473.97 million for the quarter, compared to the consensus estimate of $463.90 million. During the same period in the prior year, the firm posted ($2.10) earnings per share. The company's revenue for the quarter was up 3.6% on a year-over-year basis. Genesco has set its FY 2026 guidance at 1.300-1.700 EPS.

Insider Buying and Selling

In other Genesco news, major shareholder Fund 1 Investments, Llc sold 25,000 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $23.26, for a total transaction of $581,500.00. Following the transaction, the insider directly owned 1,072,850 shares in the company, valued at $24,954,491. This trade represents a 2.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 23.11% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Pzena Investment Management LLC grew its position in Genesco by 44.4% during the second quarter. Pzena Investment Management LLC now owns 1,433,190 shares of the company's stock valued at $28,220,000 after acquiring an additional 440,837 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Genesco by 23.9% in the first quarter. Vanguard Group Inc. now owns 899,123 shares of the company's stock worth $19,088,000 after purchasing an additional 173,255 shares during the last quarter. Nomura Holdings Inc. bought a new position in shares of Genesco in the first quarter worth approximately $16,163,000. Acadian Asset Management LLC grew its holdings in shares of Genesco by 0.3% in the second quarter. Acadian Asset Management LLC now owns 412,527 shares of the company's stock worth $8,119,000 after purchasing an additional 1,238 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Genesco by 23.5% in the first quarter. American Century Companies Inc. now owns 341,837 shares of the company's stock worth $7,257,000 after purchasing an additional 65,030 shares during the last quarter. 94.51% of the stock is currently 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.

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