FY2027 EPS Estimates for Genesco Decreased by Analyst

Genesco Inc. (NYSE:GCO) – Investment analysts at Seaport Res Ptn lowered their FY2027 EPS estimates for shares of Genesco in a research note issued on Monday, March 3rd. Seaport Res Ptn analyst M. Kummetz now anticipates that the company will post earnings per share of $2.80 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.

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

Genesco Stock Down 0.4 %

Shares of Genesco stock opened at $32.49 on Thursday. The company has a quick ratio of 0.32, a current ratio of 1.56 and a debt-to-equity ratio of 0.19. The business has a 50-day moving average price of $40.09 and a 200 day moving average price of $34.25. Genesco has a fifty-two week low of $23.21 and a fifty-two week high of $44.80. The firm has a market cap of $364.23 million, a P/E ratio of -13.37 and a beta of 2.35.

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

Institutional Investors Weigh In On Genesco

Large investors have recently added to or reduced their stakes in the stock. Portolan Capital Management LLC acquired a new stake in shares of Genesco in the 4th quarter worth about $19,847,000. Fund 1 Investments LLC grew its position in Genesco by 1,045.4% in the 4th quarter. Fund 1 Investments LLC now owns 242,965 shares of the company’s stock worth $10,387,000 after purchasing an additional 221,752 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Genesco by 124.9% in the third quarter. JPMorgan Chase & Co. now owns 251,142 shares of the company’s stock valued at $6,824,000 after purchasing an additional 139,485 shares during the period. Marshall Wace LLP raised its holdings in shares of Genesco by 28.6% during the fourth quarter. Marshall Wace LLP now owns 428,143 shares of the company’s stock valued at $18,303,000 after buying an additional 95,195 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Genesco by 25.3% during the fourth quarter. American Century Companies Inc. now owns 276,807 shares of the company’s stock worth $11,833,000 after buying an additional 55,977 shares during the period. 94.51% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, VP Daniel E. Ewoldsen sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $42.68, for a total transaction of $170,720.00. Following the completion of the transaction, the vice president now owns 41,358 shares in the company, valued at $1,765,159.44. The trade was a 8.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 7.09% of the stock is owned by corporate 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.