Brokers Offer Predictions for Genesco FY2028 Earnings

Genesco Inc. (NYSE:GCO) – Analysts at Seaport Res Ptn issued their FY2028 earnings per share (EPS) estimates for Genesco in a note issued to investors on Monday, March 3rd. Seaport Res Ptn analyst M. Kummetz expects that the company will earn $3.59 per share for the year. The consensus estimate for Genesco’s current full-year earnings is $0.94 per share.

Genesco (NYSE:GCO) last released its earnings results on Friday, December 6th. The company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.31. Genesco had a positive return on equity of 0.56% and a negative net margin of 1.13%. The business had revenue of $596.30 million for the quarter, compared to the consensus estimate of $577.73 million. During the same period last year, the business earned $0.57 earnings per share. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year.

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

Genesco Price Performance

Shares of GCO stock opened at $32.49 on Wednesday. The company has a market capitalization of $364.23 million, a P/E ratio of -13.37 and a beta of 2.35. 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 12 month low of $23.21 and a 12 month high of $44.80. The stock has a 50 day moving average of $40.09 and a two-hundred day moving average of $34.25.

Institutional Trading of Genesco

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. 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. Franklin Resources Inc. boosted its position in shares of Genesco by 8.4% in the 3rd quarter. Franklin Resources Inc. now owns 11,108 shares of the company’s stock worth $313,000 after purchasing an additional 859 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Genesco by 124.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 251,142 shares of the company’s stock worth $6,824,000 after acquiring an additional 139,485 shares during the last quarter. Martingale Asset Management L P acquired a new position in Genesco during the third quarter valued at approximately $842,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in Genesco by 139.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 36,279 shares of the company’s stock valued at $986,000 after purchasing an additional 21,158 shares in the last quarter. 94.51% of the stock is owned by institutional investors.

Insider Transactions at Genesco

In related news, VP Daniel E. Ewoldsen sold 4,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the vice president now owns 41,358 shares of the company’s stock, valued at $1,765,159.44. This trade represents a 8.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 7.09% of the stock is 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.