FY2027 EPS Estimates for Genesco Lowered by Seaport Res Ptn

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

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

Separately, StockNews.com cut shares of Genesco from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th.

Genesco Price Performance

Genesco stock opened at $32.63 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 firm has a market capitalization of $365.87 million, a PE ratio of -13.43 and a beta of 2.35. The firm’s 50-day simple moving average is $40.30 and its 200 day simple moving average is $34.27. Genesco has a 52 week low of $23.21 and a 52 week high of $44.80.

Insider Activity

In other Genesco news, VP Daniel E. Ewoldsen sold 4,000 shares of the company’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 transaction, the vice president now directly owns 41,358 shares in the company, valued at approximately $1,765,159.44. This represents a 8.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 7.09% of the company’s stock.

Hedge Funds Weigh In On Genesco

A number of institutional investors have recently modified their holdings of GCO. Portolan Capital Management LLC purchased a new position in shares of Genesco during the 4th quarter worth $19,847,000. Marshall Wace LLP lifted its position in Genesco by 28.6% during the fourth quarter. Marshall Wace LLP now owns 428,143 shares of the company’s stock worth $18,303,000 after buying an additional 95,195 shares during the period. State Street Corp boosted its stake in Genesco by 2.1% in the 3rd quarter. State Street Corp now owns 320,691 shares of the company’s stock worth $8,713,000 after buying an additional 6,587 shares during the last quarter. American Century Companies Inc. grew its holdings in Genesco by 25.3% in the fourth quarter. American Century Companies Inc. now owns 276,807 shares of the company’s stock valued at $11,833,000 after purchasing an additional 55,977 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in Genesco by 124.9% during the third quarter. JPMorgan Chase & Co. now owns 251,142 shares of the company’s stock worth $6,824,000 after purchasing an additional 139,485 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.