Seaport Res Ptn Expects Increased Earnings for Genesco

Genesco Inc. (NYSE:GCO) – Analysts at Seaport Res Ptn upped their FY2025 EPS estimates for Genesco in a research note issued on Wednesday, January 15th. Seaport Res Ptn analyst M. Kummetz now expects that the company will post earnings of $1.00 per share for the year, up from their previous estimate of $0.90. The consensus estimate for Genesco’s current full-year earnings is $0.81 per share.

Genesco (NYSE:GCO) last posted its quarterly earnings data on Friday, December 6th. The company reported $0.61 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $596.30 million during the quarter, compared to analyst estimates of $577.73 million. During the same period in the prior year, the business posted $0.57 EPS. Genesco’s revenue was up 2.9% on a year-over-year basis.

Separately, StockNews.com upgraded Genesco from a “hold” rating to a “buy” rating in a research note on Friday, December 6th.

Genesco Stock Performance

Shares of GCO opened at $40.40 on Friday. The business has a 50-day simple moving average of $38.37 and a two-hundred day simple moving average of $31.44. The company has a quick ratio of 0.32, a current ratio of 1.56 and a debt-to-equity ratio of 0.19. Genesco has a 52 week low of $23.21 and a 52 week high of $44.80. The stock has a market cap of $452.91 million, a price-to-earnings ratio of -16.63 and a beta of 2.37.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its holdings in Genesco by 2.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 745,818 shares of the company’s stock valued at $19,286,000 after buying an additional 17,664 shares in the last quarter. State Street Corp boosted its position in shares of Genesco by 2.1% during the third quarter. State Street Corp now owns 320,691 shares of the company’s stock worth $8,713,000 after acquiring an additional 6,587 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Genesco by 124.9% during the third quarter. JPMorgan Chase & Co. now owns 251,142 shares of the company’s stock valued at $6,824,000 after acquiring an additional 139,485 shares in the last quarter. Geode Capital Management LLC grew its stake in Genesco by 1.3% during the third quarter. Geode Capital Management LLC now owns 247,193 shares of the company’s stock valued at $6,718,000 after acquiring an additional 3,157 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in Genesco by 20.2% in the 2nd quarter. American Century Companies Inc. now owns 157,064 shares of the company’s stock valued at $4,062,000 after acquiring an additional 26,436 shares during the last quarter. 94.51% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, VP Daniel E. Ewoldsen sold 4,000 shares of the company’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $42.68, for a total value of $170,720.00. Following the completion of the transaction, the vice president now owns 41,358 shares of the company’s stock, valued at $1,765,159.44. This represents a 8.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 7.09% 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.