FY2027 EPS Estimates for Genesco Reduced by Seaport Res Ptn

Genesco Inc. (NYSE:GCO) – Seaport Res Ptn decreased their FY2027 EPS estimates for shares of Genesco in a report issued on Monday, March 3rd. Seaport Res Ptn analyst M. Kummetz now anticipates that the company will earn $2.80 per share for the year, down from their previous forecast of $2.81. The consensus estimate for Genesco’s current full-year earnings is $0.94 per share.

Genesco (NYSE:GCO) last announced its quarterly earnings results on Friday, March 7th. The company reported $3.26 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $780.43 million. During the same period in the prior year, the business posted $2.59 earnings per share.

Separately, StockNews.com lowered Genesco from a “buy” rating to a “hold” rating in a research note on Friday.

Genesco Stock Performance

GCO opened at $27.10 on Thursday. The firm has a fifty day moving average price of $39.79 and a 200 day moving average price of $34.23. The stock has a market cap of $303.81 million, a P/E ratio of -11.15 and a beta of 2.41. Genesco has a 1 year low of $23.21 and a 1 year high of $44.80. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.56 and a quick ratio of 0.32.

Institutional Investors Weigh In On Genesco

A number of large investors have recently modified their holdings of the business. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Genesco during the 4th quarter worth approximately $35,000. Point72 DIFC Ltd grew its holdings in shares of Genesco by 1,627.4% during the 3rd quarter. Point72 DIFC Ltd now owns 1,641 shares of the company’s stock worth $45,000 after purchasing an additional 1,546 shares during the period. Quest Partners LLC lifted its position in Genesco by 54.9% in the third quarter. Quest Partners LLC now owns 1,854 shares of the company’s stock valued at $50,000 after buying an additional 657 shares during the last quarter. SG Americas Securities LLC purchased a new position in Genesco during the fourth quarter worth about $111,000. Finally, Meeder Asset Management Inc. increased its position in shares of Genesco by 84.6% during the third quarter. Meeder Asset Management Inc. now owns 8,035 shares of the company’s stock valued at $218,000 after acquiring an additional 3,683 shares during the last quarter. Hedge funds and other institutional investors own 94.51% of the company’s stock.

Insider Transactions at Genesco

In other news, VP Daniel E. Ewoldsen sold 4,000 shares of Genesco stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $42.68, for a total value of $170,720.00. Following the sale, the vice president now directly owns 41,358 shares of the company’s stock, valued at $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 available at this link. Corporate insiders own 7.09% of the company’s stock.

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.