What is Seaport Res Ptn's Estimate for Genesco Q4 Earnings?

Key Points

• Seaport Res Ptn has raised its Q4 2026 EPS estimate for Genesco to $3.87 from a previous forecast of $3.80, maintaining a "Strong-Buy" rating on the stock.
• Genesco recently reported earnings of ($1.14) EPS, outperforming the consensus estimate of ($1.25) and showing a 4% increase in revenue year-over-year.
• A significant insider, Fund 1 Investments, sold 25,000 shares of Genesco stock, indicating a 2.28% decrease in their stake.

Genesco Inc. (NYSE:GCO - Free Report) - Investment analysts at Seaport Res Ptn upped their Q4 2026 EPS estimates for Genesco in a research report issued to clients and investors on Thursday, August 28th. Seaport Res Ptn analyst M. Kummetz now forecasts that the company will earn $3.87 per share for the quarter, up from their previous forecast of $3.80. 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 FY2027 earnings at $2.30 EPS and FY2028 earnings at $2.93 EPS.

GCO has been the topic of a number of other research reports. Wall Street Zen lowered shares of Genesco from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Jefferies Financial Group raised their target price on shares of Genesco from $24.00 to $29.00 and gave the stock a "hold" rating in a research report on Friday. Finally, Truist Financial raised their target price on shares of Genesco from $25.00 to $31.00 and gave the stock a "hold" rating in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Genesco has a consensus rating of "Moderate Buy" and a consensus price target of $30.00.

Genesco Stock Performance

Shares of GCO opened at $32.18 on Monday. Genesco has a 1 year low of $16.19 and a 1 year high of $44.80. The company's 50 day simple moving average is $24.54 and its 200 day simple moving average is $23.98. The company has a market capitalization of $346.92 million, a price-to-earnings 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 (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, beating the consensus estimate of ($1.25) by $0.11. Genesco had a negative net margin of 1.03% and a positive return on equity of 1.75%. The company had revenue of $545.97 million for the quarter, compared to the consensus estimate of $531.89 million. During the same quarter in the prior year, the firm earned ($0.83) earnings per share. The company's revenue for the quarter was up 4.0% compared to the same quarter last year. Genesco has set its FY 2026 guidance at 1.300-1.700 EPS.

Insider Buying and Selling at Genesco

In other Genesco news, major shareholder Fund 1 Investments, Llc sold 25,000 shares of Genesco 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 transaction, the insider owned 1,072,850 shares in the company, valued at $24,954,491. This trade represents a 2.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 23.11% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Genesco

Several institutional investors and hedge funds have recently added to or reduced their stakes in GCO. Wells Fargo & Company MN increased its stake in Genesco by 28.1% during the fourth quarter. Wells Fargo & Company MN now owns 5,846 shares of the company's stock worth $250,000 after acquiring an additional 1,281 shares during the last quarter. Barclays PLC increased its stake in Genesco by 7.2% during the fourth quarter. Barclays PLC now owns 22,228 shares of the company's stock worth $950,000 after acquiring an additional 1,498 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Genesco by 4.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,392 shares of the company's stock worth $616,000 after acquiring an additional 650 shares during the last quarter. Northern Trust Corp increased its stake in Genesco by 1.9% during the fourth quarter. Northern Trust Corp now owns 111,992 shares of the company's stock worth $4,788,000 after acquiring an additional 2,065 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of Genesco by 32.7% in the 4th quarter. Ameriprise Financial Inc. now owns 65,625 shares of the company's stock valued at $2,805,000 after acquiring an additional 16,161 shares during the period. 94.51% of the stock is currently owned by institutional investors and hedge funds.

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.

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