Seaport Res Ptn Raises Earnings Estimates for Genesco

Genesco Inc. (NYSE:GCO) – Analysts at Seaport Res Ptn lifted their FY2025 earnings per share estimates for Genesco in a research report issued to clients and investors on Wednesday, January 15th. Seaport Res Ptn analyst M. Kummetz now forecasts that the company will post earnings of $1.00 per share for the year, up from their prior estimate of $0.90. The consensus estimate for Genesco’s current full-year earnings is $0.81 per share.

Separately, StockNews.com upgraded shares of Genesco from a “hold” rating to a “buy” rating in a research report on Friday, December 6th.

Genesco Stock Down 4.3 %

GCO stock opened at $40.35 on Friday. The business’s 50 day moving average is $37.93 and its 200-day moving average is $31.27. The company has a current ratio of 1.56, a quick ratio of 0.32 and a debt-to-equity ratio of 0.19. Genesco has a 1-year low of $23.21 and a 1-year high of $44.80.

Genesco (NYSE:GCO) last announced its quarterly earnings results on Friday, December 6th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.31. Genesco had a negative net margin of 1.13% and a positive return on equity of 0.56%. The firm had revenue of $596.30 million for the quarter, compared to analyst estimates of $577.73 million. During the same quarter in the previous year, the firm posted $0.57 EPS. The business’s revenue for the quarter was up 2.9% on a year-over-year basis.

Insider Buying and Selling

In other Genesco news, VP Daniel E. Ewoldsen sold 4,000 shares of the business’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $42.68, for a total value of $170,720.00. Following the completion of the transaction, the vice president now directly owns 41,358 shares of the company’s stock, valued at approximately $1,765,159.44. The trade was a 8.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 7.09% of the stock is owned by corporate insiders.

Institutional Trading of Genesco

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. increased its stake in shares of Genesco by 124.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 251,142 shares of the company’s stock valued at $6,824,000 after buying an additional 139,485 shares during the period. Martingale Asset Management L P bought a new position in shares of Genesco in the 3rd quarter valued at about $842,000. AQR Capital Management LLC grew its position in shares of Genesco by 38.0% during the 2nd quarter. AQR Capital Management LLC now owns 102,986 shares of the company’s stock worth $2,663,000 after buying an additional 28,374 shares during the period. American Century Companies Inc. raised its stake in shares of Genesco by 20.2% during the second quarter. American Century Companies Inc. now owns 157,064 shares of the company’s stock worth $4,062,000 after buying an additional 26,436 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd lifted its holdings in Genesco by 166.4% in the third quarter. Dynamic Technology Lab Private Ltd now owns 34,275 shares of the company’s stock valued at $931,000 after buying an additional 21,410 shares during the period. Institutional investors and hedge funds own 94.51% of the company’s stock.

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.