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

Genesco Inc. (NYSE:GCO - Free Report) - Research analysts at Seaport Res Ptn lowered their Q3 2026 earnings per share estimates for shares of Genesco in a research note issued to investors on Wednesday, May 28th. Seaport Res Ptn analyst M. Kummetz now anticipates that the company will earn $0.77 per share for the quarter, down from their previous estimate of $0.79. 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 $3.44 EPS, FY2026 earnings at $1.30 EPS, FY2027 earnings at $1.83 EPS and FY2028 earnings at $2.38 EPS.

GCO has been the subject of several other reports. Truist Financial assumed coverage on Genesco in a report on Wednesday. They set a "hold" rating and a $23.00 price objective for the company. Jefferies Financial Group reaffirmed a "hold" rating and set a $24.00 price target (down from $27.00) on shares of Genesco in a research note on Wednesday, May 21st. Finally, Wall Street Zen lowered shares of Genesco from a "buy" rating to a "hold" rating in a research report on Friday.

Genesco Stock Up 0.4%

Shares of NYSE:GCO traded up $0.08 during midday trading on Friday, hitting $21.79. 236,008 shares of the stock were exchanged, compared to its average volume of 212,480. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.32 and a current ratio of 1.56. Genesco has a 52-week low of $16.19 and a 52-week high of $44.80. The business's fifty day simple moving average is $20.58 and its two-hundred day simple moving average is $31.12. The company has a market capitalization of $234.90 million, a PE ratio of -8.97 and a beta of 2.14.

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

Insider Activity

In other news, Director Gregory A. Sandfort acquired 10,974 shares of Genesco stock in a transaction dated Thursday, March 20th. The stock was acquired at an average cost of $22.92 per share, for a total transaction of $251,524.08. Following the completion of the purchase, the director now owns 26,754 shares of the company's stock, valued at $613,201.68. This represents a 69.54% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Fund 1 Investments, Llc sold 12,000 shares of the business's stock in a transaction on Friday, March 28th. The stock was sold at an average price of $20.73, for a total transaction of $248,760.00. Following the completion of the sale, the insider now owns 1,097,850 shares of the company's stock, valued at $22,758,430.50. The trade was a 1.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.09% of the stock is owned by insiders.

Institutional Trading of Genesco

A number of institutional investors and hedge funds have recently modified their holdings of the company. BNP Paribas Financial Markets lifted its position in Genesco by 38.6% during the 4th quarter. BNP Paribas Financial Markets now owns 42,708 shares of the company's stock worth $1,826,000 after acquiring an additional 11,900 shares during the last quarter. Brandywine Global Investment Management LLC acquired a new position in shares of Genesco during the 4th quarter worth about $1,475,000. Versor Investments LP acquired a new position in shares of Genesco during the 4th quarter worth about $543,000. American Century Companies Inc. lifted its position in shares of Genesco by 25.3% during the 4th quarter. American Century Companies Inc. now owns 276,807 shares of the company's stock worth $11,833,000 after purchasing an additional 55,977 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in shares of Genesco during the fourth quarter worth approximately $479,000. 94.51% of the stock is currently owned by institutional investors and hedge funds.

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.