Genesco (NYSE:GCO) Updates FY 2026 Earnings Guidance

Genesco (NYSE:GCO) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 1.300-1.700 for the period, compared to the consensus earnings per share estimate of 1.550. The company issued revenue guidance of $2.3 billion-$2.4 billion, compared to the consensus revenue estimate of $2.3 billion.

Genesco Trading Up 2.0%

NYSE GCO opened at $22.73 on Friday. 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 twelve month low of $16.19 and a twelve month high of $44.80. The firm has a market capitalization of $245.00 million, a PE ratio of -9.35 and a beta of 2.17. The stock’s 50 day moving average is $20.62 and its 200 day moving average is $30.89.

Genesco (NYSE:GCO) last released its quarterly earnings results on Wednesday, June 4th. The company reported ($2.05) earnings per share for the quarter, beating the consensus estimate of ($2.06) by $0.01. Genesco had a positive return on equity of 0.56% and a negative net margin of 1.13%. The company had revenue of $473.97 million for the quarter, compared to analyst estimates of $463.90 million. During the same period in the previous year, the company posted ($2.10) earnings per share. The firm’s revenue was up 3.6% on a year-over-year basis. Research analysts forecast that Genesco will post 0.94 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

GCO has been the topic of several research reports. Wall Street Zen lowered Genesco from a “buy” rating to a “hold” rating in a research report on Friday, May 30th. Truist Financial lifted their price target on Genesco from $23.00 to $25.00 and gave the company a “hold” rating in a research report on Thursday. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $24.00 price objective (down previously from $27.00) on shares of Genesco in a research note on Wednesday, May 21st.

Insider Buying and Selling at Genesco

In other Genesco news, major shareholder Fund 1 Investments, Llc sold 12,000 shares of Genesco stock in a transaction on Friday, March 28th. The stock was sold at an average price of $20.73, for a total transaction of $248,760.00. Following the completion of the transaction, the insider now owns 1,097,850 shares in the company, valued at approximately $22,758,430.50. The trade was a 1.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gregory A. Sandfort acquired 10,974 shares of the stock in a transaction on Thursday, March 20th. The shares were bought at an average price of $22.92 per share, with a total value of $251,524.08. Following the purchase, the director now directly owns 26,754 shares of the company’s stock, valued at $613,201.68. The trade was a 69.54% increase in their position. The disclosure for this purchase can be found here. 23.11% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Empowered Funds LLC raised its stake in shares of Genesco by 5.3% in the first quarter. Empowered Funds LLC now owns 64,783 shares of the company’s stock worth $1,375,000 after purchasing an additional 3,282 shares during the last quarter. Royal Bank of Canada raised its stake in shares of Genesco by 15.4% in the first quarter. Royal Bank of Canada now owns 52,848 shares of the company’s stock worth $1,122,000 after purchasing an additional 7,042 shares during the last quarter. Finally, Jones Financial Companies Lllp purchased a new position in shares of Genesco in the first quarter worth $26,000. Hedge funds and other institutional investors own 94.51% 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.