What is Seaport Res Ptn's Estimate for Genesco Q2 Earnings?

Genesco Inc. (NYSE:GCO - Free Report) - Equities researchers at Seaport Res Ptn lowered their Q2 2026 earnings per share estimates for shares of Genesco in a research report issued on Wednesday, June 4th. Seaport Res Ptn analyst M. Kummetz now forecasts that the company will earn ($1.25) per share for the quarter, down from their prior estimate of ($0.85). The consensus estimate for Genesco's current full-year earnings is $0.94 per share. Seaport Res Ptn also issued estimates for Genesco's Q3 2026 earnings at $1.02 EPS, Q4 2026 earnings at $3.74 EPS, FY2026 earnings at $1.50 EPS, FY2027 earnings at $2.12 EPS and FY2028 earnings at $2.77 EPS.

A number of other equities research analysts have also recently weighed in on the company. Wall Street Zen cut Genesco from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Truist Financial upped their target price on shares of Genesco from $23.00 to $25.00 and gave the stock a "hold" rating in a research note on Thursday, June 5th. Finally, Jefferies Financial Group reissued a "hold" rating and issued a $24.00 price target (down previously from $27.00) on shares of Genesco in a research report on Wednesday, May 21st.

Genesco Trading Down 2.0%

NYSE GCO traded down $0.43 on Monday, reaching $21.37. The stock had a trading volume of 349,775 shares, compared to its average volume of 220,421. The company has a quick ratio of 0.32, a current ratio of 1.56 and a debt-to-equity ratio of 0.19. The stock has a fifty day moving average price of $20.82 and a two-hundred day moving average price of $30.70. Genesco has a 12-month low of $16.19 and a 12-month high of $44.80. The firm has a market capitalization of $230.37 million, a price-to-earnings ratio of -8.79 and a beta of 2.17.

Genesco (NYSE:GCO - Get Free Report) last announced its earnings results on Wednesday, June 4th. The company reported ($2.05) earnings per share for the quarter, topping the consensus estimate of ($2.09) by $0.04. The company had revenue of $473.97 million during the quarter, compared to analyst estimates of $463.90 million. Genesco had a negative net margin of 1.13% and a positive return on equity of 0.56%. Genesco's revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the firm posted ($2.10) earnings per share.

Institutional Trading of Genesco

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Nomura Holdings Inc. acquired a new position in shares of Genesco during the 1st quarter worth about $16,163,000. Portolan Capital Management LLC purchased a new stake in Genesco during the fourth quarter worth approximately $19,847,000. Fund 1 Investments LLC boosted its holdings in Genesco by 1,045.4% in the fourth quarter. Fund 1 Investments LLC now owns 242,965 shares of the company's stock valued at $10,387,000 after purchasing an additional 221,752 shares in the last quarter. Vanguard Group Inc. increased its stake in Genesco by 23.9% in the first quarter. Vanguard Group Inc. now owns 899,123 shares of the company's stock valued at $19,088,000 after purchasing an additional 173,255 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in Genesco by 4,730.7% in the first quarter. SG Americas Securities LLC now owns 125,212 shares of the company's stock valued at $2,658,000 after purchasing an additional 122,620 shares during the last quarter. 94.51% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Genesco news, major shareholder Fund 1 Investments, Llc sold 12,000 shares of the business's stock in a transaction that occurred on Friday, March 28th. The shares were 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 in the company, valued at $22,758,430.50. The trade was a 1.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Gregory A. Sandfort acquired 10,974 shares of Genesco stock in a transaction dated Thursday, March 20th. The stock was purchased at an average price of $22.92 per share, for a total transaction of $251,524.08. Following the completion of the acquisition, the director now directly owns 26,754 shares in the company, valued at approximately $613,201.68. This represents a 69.54% increase in their position. The disclosure for this purchase can be found here. 23.11% of the stock is owned by company insiders.

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.