Seaport Res Ptn Predicts Genesco FY2028 Earnings

Genesco Inc. (NYSE:GCO) – Seaport Res Ptn issued their FY2028 earnings per share estimates for Genesco in a research note 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) last issued 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 negative net margin of 1.13% and a positive return on equity of 0.56%. The business 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 earned $0.57 EPS. The company’s revenue for the quarter was up 2.9% on a year-over-year basis.

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

Genesco Price Performance

GCO stock opened at $33.05 on Wednesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.56 and a quick ratio of 0.32. Genesco has a 1 year low of $23.21 and a 1 year high of $44.80. The firm has a 50-day moving average of $40.46 and a 200 day moving average of $34.28. The company has a market cap of $370.59 million, a P/E ratio of -13.60 and a beta of 2.35.

Institutional Inflows and Outflows

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

Insider Activity

In other news, VP Daniel E. Ewoldsen sold 4,000 shares of Genesco stock in a transaction that occurred 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 directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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.