FY2027 EPS Estimates for Genesco Lowered by Seaport Res Ptn

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

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

Genesco Price Performance

GCO stock opened at $32.49 on Thursday. The company has a market cap of $364.23 million, a PE ratio of -13.37 and a beta of 2.35. The company has a current ratio of 1.56, a quick ratio of 0.32 and a debt-to-equity ratio of 0.19. The stock has a 50-day moving average price of $40.09 and a two-hundred day moving average price of $34.25. Genesco has a 12-month low of $23.21 and a 12-month high of $44.80.

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

Institutional Trading of Genesco

Several large investors have recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Genesco during the 4th quarter valued at $35,000. Point72 DIFC Ltd boosted its position in Genesco by 1,627.4% in the 3rd quarter. Point72 DIFC Ltd now owns 1,641 shares of the company’s stock valued at $45,000 after buying an additional 1,546 shares during the last quarter. Quest Partners LLC grew its stake in shares of Genesco by 54.9% during the third quarter. Quest Partners LLC now owns 1,854 shares of the company’s stock valued at $50,000 after acquiring an additional 657 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Genesco during the fourth quarter worth about $111,000. Finally, Meeder Asset Management Inc. lifted its stake in shares of Genesco by 84.6% in the third 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 in the last quarter. Institutional investors and hedge funds own 94.51% of the company’s stock.

Insider Activity at Genesco

In related news, VP Daniel E. Ewoldsen sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $42.68, for a total transaction of $170,720.00. Following the sale, the vice president now directly owns 41,358 shares in the company, valued at approximately $1,765,159.44. This trade represents a 8.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company 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.