Genesco (NYSE:GCO) Announces Quarterly Earnings Results

Genesco (NYSE:GCO) posted its quarterly earnings data on Thursday. The company reported ($1.14) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.25) by $0.11, Zacks reports. Genesco had a positive return on equity of 2.22% and a negative net margin of 0.67%.The company’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.83) EPS. Genesco updated its FY 2026 guidance to 1.300-1.700 EPS.

Genesco Trading Up 0.9%

Shares of NYSE GCO opened at $33.29 on Thursday. The stock has a market cap of $358.87 million, a price-to-earnings ratio of -21.03 and a beta of 2.25. The business has a 50 day simple moving average of $24.15 and a 200 day simple moving average of $24.30. Genesco has a 52 week low of $16.19 and a 52 week high of $44.80. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.55 and a current ratio of 1.91.

Insider Activity at Genesco

In related news, major shareholder Fund 1 Investments, Llc sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $23.26, for a total value of $581,500.00. Following the completion of the sale, the insider owned 1,072,850 shares of the company’s stock, valued at approximately $24,954,491. The trade was a 2.28% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 23.11% of the company’s stock.

Institutional Investors Weigh In On Genesco

Large investors have recently made changes to their positions in the company. Jones Financial Companies Lllp bought a new stake in shares of Genesco in the 1st quarter valued at approximately $26,000. Tower Research Capital LLC TRC grew its stake in shares of Genesco by 37.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,514 shares of the company’s stock valued at $109,000 after buying an additional 1,499 shares in the last quarter. Cetera Investment Advisers bought a new stake in shares of Genesco in the 2nd quarter valued at approximately $208,000. Engineers Gate Manager LP bought a new stake in shares of Genesco in the 2nd quarter valued at approximately $264,000. Finally, Quantinno Capital Management LP bought a new stake in shares of Genesco in the 2nd quarter valued at approximately $310,000. Institutional investors own 94.51% of the company’s stock.

Analyst Upgrades and Downgrades

GCO has been the topic of several research analyst reports. Wall Street Zen cut Genesco from a “buy” rating to a “hold” rating in a research note on Friday, May 30th. Truist Financial lifted their target price on Genesco from $23.00 to $25.00 and gave the company a “hold” rating in a research note on Thursday, June 5th. Jefferies Financial Group reaffirmed a “hold” rating and set a $24.00 target price (down previously from $27.00) on shares of Genesco in a research note on Wednesday, May 21st. Finally, Seaport Res Ptn raised Genesco from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.50.

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.