Seaport Res Ptn Predicts Genesco FY2028 Earnings

Genesco Inc. (NYSE:GCO) – Stock analysts at Seaport Res Ptn issued their FY2028 earnings per share (EPS) estimates for shares of Genesco in a research report issued to clients and investors on Monday, March 3rd. Seaport Res Ptn analyst M. Kummetz forecasts 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.

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

Genesco Stock Performance

NYSE:GCO opened at $32.63 on Wednesday. Genesco has a 1 year low of $23.21 and a 1 year high of $44.80. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.56 and a quick ratio of 0.32. The stock’s 50 day simple moving average is $40.30 and its two-hundred day simple moving average is $34.27. The company has a market cap of $365.87 million, a price-to-earnings ratio of -13.43 and a beta of 2.35.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in GCO. Mackenzie Financial Corp purchased a new stake in shares of Genesco in the fourth quarter valued at about $596,000. Virtus Investment Advisers Inc. purchased a new position in Genesco in the 4th quarter valued at approximately $361,000. State of Wyoming purchased a new position in shares of Genesco in the 4th quarter valued at about $242,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Genesco during the 4th quarter worth approximately $35,000. Finally, Occudo Quantitative Strategies LP acquired a new stake in Genesco in the fourth quarter valued at $356,000. Hedge funds and other institutional investors own 94.51% of the company’s stock.

Insider Activity

In related news, VP Daniel E. Ewoldsen sold 4,000 shares of the firm’s stock in a transaction on Tuesday, December 17th. The shares were 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 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 this hyperlink. Corporate insiders own 7.09% 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.