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

Key Points

• Seaport Res Ptn has raised its Q2 2026 EPS estimate for Genesco to ($1.23), up from the previous estimate of ($1.25), maintaining a "Strong-Buy" rating on the stock.
• Genesco's last earnings report showed a loss of ($2.05) per share, which exceeded analysts' expectations of ($2.09), with revenue rising 3.6% year-over-year.
• Institutional investors hold 94.51% of Genesco's stock, indicating strong institutional interest, while major shareholder Fund 1 Investments recently sold 25,000 shares.

Genesco Inc. (NYSE:GCO - Free Report) - Stock analysts at Seaport Res Ptn raised their Q2 2026 EPS estimates for Genesco in a research report issued on Tuesday, August 26th. Seaport Res Ptn analyst M. Kummetz now forecasts that the company will post earnings per share of ($1.23) for the quarter, up from their previous estimate of ($1.25). 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.

Several other research firms also recently issued reports on GCO. Wall Street Zen downgraded Genesco from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Truist Financial lifted their target price on Genesco from $23.00 to $25.00 and gave the stock a "hold" rating in a report on Thursday, June 5th. Finally, Jefferies Financial Group reissued a "hold" rating and issued a $24.00 target price (down previously from $27.00) on shares of Genesco in a research report on Wednesday, May 21st. One analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $24.50.

Genesco Price Performance

Genesco stock opened at $32.87 on Thursday. The company has a market capitalization of $354.30 million, a price-to-earnings ratio of -21.07 and a beta of 2.25. The company has a current ratio of 1.91, a quick ratio of 0.55 and a debt-to-equity ratio of 0.22. Genesco has a 12 month low of $16.19 and a 12 month high of $44.80. The stock's 50 day moving average is $24.15 and its 200-day moving average is $24.30.

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Jones Financial Companies Lllp bought a new stake in Genesco during the first quarter worth about $26,000. CWM LLC raised its position in shares of Genesco by 61.5% in the 2nd quarter. CWM LLC now owns 1,365 shares of the company's stock valued at $27,000 after buying an additional 520 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Genesco during the 4th quarter worth approximately $35,000. Virtus Advisers LLC bought a new stake in shares of Genesco during the 1st quarter worth approximately $56,000. Finally, AlphaQuest LLC boosted its position in shares of Genesco by 501,200.0% during the 1st quarter. AlphaQuest LLC now owns 5,013 shares of the company's stock worth $106,000 after acquiring an additional 5,012 shares in the last quarter. Institutional investors own 94.51% of the company's stock.

Insiders Place Their Bets

In other news, major shareholder Fund 1 Investments, Llc sold 25,000 shares of the company's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $23.26, for a total transaction of $581,500.00. Following the completion of the sale, the insider directly owned 1,072,850 shares in the company, valued at approximately $24,954,491. This represents a 2.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 23.11% of the stock is owned by corporate 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.