Genesco (NYSE:GCO) Issues Earnings Results

Genesco (NYSE:GCO) posted its earnings results on Friday. The company reported $3.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.31 by ($0.05), RTT News reports. The company had revenue of $745.95 million during the quarter, compared to the consensus estimate of $780.43 million. Genesco had a negative net margin of 1.13% and a positive return on equity of 0.56%. During the same quarter in the previous year, the business posted $2.59 earnings per share. Genesco updated its FY 2026 guidance to 1.300-1.700 EPS.

Genesco Stock Performance

GCO stock opened at $27.10 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.32 and a current ratio of 1.56. The stock has a market capitalization of $303.81 million, a price-to-earnings 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 stock’s fifty day moving average is $39.79 and its two-hundred day moving average is $34.23.

Analysts Set New Price Targets

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

Insider Buying and Selling at Genesco

In related news, VP Daniel E. Ewoldsen sold 4,000 shares of Genesco stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $42.68, for a total transaction of $170,720.00. Following the sale, the vice president now directly owns 41,358 shares in the company, 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. 7.09% of the stock is currently owned by company insiders.

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.