Brokers Offer Predictions for Genesco FY2028 Earnings

Genesco Inc. (NYSE:GCO - Free Report) - Equities researchers at Seaport Res Ptn issued their FY2028 earnings estimates for Genesco in a research report issued on Monday, March 3rd. Seaport Res Ptn analyst M. Kummetz expects that the company will post earnings per share of $3.59 for the year. The consensus estimate for Genesco's current full-year earnings is $0.94 per share.

Genesco (NYSE:GCO - Get Free Report) 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). The firm had revenue of $745.95 million for 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 period last year, the business earned $2.59 EPS.

Separately, StockNews.com downgraded shares of Genesco from a "buy" rating to a "hold" rating in a research report on Friday.

Genesco Stock Down 16.4 %

Shares of GCO traded down $5.30 on Wednesday, hitting $27.10. 1,227,758 shares of the stock traded hands, compared to its average volume of 159,494. The company has a market capitalization of $303.81 million, a PE ratio of -11.15 and a beta of 2.41. 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 business has a 50 day simple moving average of $39.79 and a 200 day simple moving average of $34.26. Genesco has a one year low of $23.21 and a one year high of $44.80.

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Insider Buying and Selling

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 sale, the vice president now owns 41,358 shares in the company, valued at approximately $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 can be accessed through the SEC website. 7.09% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Genesco

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Olympiad Research LP purchased a new position in shares of Genesco during the 3rd quarter worth $222,000. Empowered Funds LLC boosted its stake in shares of Genesco by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 58,548 shares of the company's stock worth $1,591,000 after acquiring an additional 2,948 shares during the last quarter. Quest Partners LLC boosted its stake in shares of Genesco by 54.9% during the 3rd quarter. Quest Partners LLC now owns 1,854 shares of the company's stock worth $50,000 after acquiring an additional 657 shares during the last quarter. Meeder Asset Management Inc. boosted its stake in shares of Genesco by 84.6% during the 3rd quarter. Meeder Asset Management Inc. now owns 8,035 shares of the company's stock worth $218,000 after acquiring an additional 3,683 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Genesco by 139.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 36,279 shares of the company's stock worth $986,000 after acquiring an additional 21,158 shares during the last quarter. Hedge funds and other institutional investors own 94.51% 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.