What is Seaport Res Ptn's Estimate for Genesco Q3 Earnings?

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) - Research analysts at Seaport Res Ptn upped their Q3 2026 earnings estimates for shares of Genesco in a report issued on Tuesday, August 26th. Seaport Res Ptn analyst M. Kummetz now anticipates that the company will post earnings per share of $1.06 for the quarter, up from their prior forecast 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.

Genesco (NYSE:GCO - Get Free Report) last announced its quarterly earnings results on Thursday, August 28th. The company reported ($1.14) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($1.25) by $0.11. The business had revenue of $545.97 million during the quarter, compared to the consensus estimate of $531.89 million. Genesco had a negative net margin of 1.03% and a positive return on equity of 1.75%. The business's revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.83) EPS. Genesco has set its FY 2026 guidance at 1.300-1.700 EPS.

Other analysts also recently issued research reports about the stock. Jefferies Financial Group raised their price target on shares of Genesco from $24.00 to $29.00 and gave the stock a "hold" rating in a report on Friday. Wall Street Zen downgraded shares of Genesco from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Finally, Truist Financial lifted their target price on shares of Genesco from $25.00 to $31.00 and gave the company a "hold" rating in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Genesco currently has an average rating of "Moderate Buy" and a consensus target price of $30.00.

Genesco Trading Up 3.7%

Shares of NYSE GCO traded up $1.14 during midday trading on Wednesday, reaching $32.18. 315,083 shares of the stock were exchanged, compared to its average volume of 224,868. The company has a 50 day simple moving average of $24.54 and a 200 day simple moving average of $23.98. The stock has a market capitalization of $346.92 million, a P/E ratio of -13.19 and a beta of 2.22. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.35 and a current ratio of 1.56. Genesco has a twelve month low of $16.19 and a twelve month high of $44.80.

Hedge Funds Weigh In On Genesco

Several institutional investors have recently modified their holdings of the business. Pzena Investment Management LLC grew its stake in shares of Genesco by 44.4% in the second quarter. Pzena Investment Management LLC now owns 1,433,190 shares of the company's stock worth $28,220,000 after acquiring an additional 440,837 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Genesco by 23.9% during the 1st 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. purchased a new stake in shares of Genesco during the 1st quarter worth $16,163,000. Acadian Asset Management LLC lifted its position in shares of Genesco by 0.3% during the 2nd 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. lifted its position in shares of Genesco by 23.5% during the 1st 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. Institutional investors and hedge funds own 94.51% of the company's stock.

Insider Activity at Genesco

In other Genesco news, major shareholder Fund 1 Investments, Llc sold 25,000 shares of the business's stock in a transaction on 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 transaction, the insider owned 1,072,850 shares in the company, valued at $24,954,491. The trade was a 2.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 23.11% of the stock is currently owned by company 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.