Genesco (NYSE:GCO) Announces Earnings Results, Misses Estimates By $0.08 EPS

Genesco (NYSE:GCO) announced its quarterly earnings data on Thursday. The company reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.08), Zacks reports. The firm had revenue of $616.22 million during the quarter, compared to analyst estimates of $618.62 million. Genesco had a negative net margin of 1.03% and a positive return on equity of 1.75%. During the same period in the prior year, the firm posted $0.61 earnings per share. Genesco updated its FY 2026 guidance to 0.950-0.95 EPS.

Genesco Price Performance

Shares of NYSE:GCO traded down $10.56 during midday trading on Thursday, hitting $24.69. 322,220 shares of the stock were exchanged, compared to its average volume of 236,009. Genesco has a twelve month low of $16.19 and a twelve month high of $44.80. The company has a current ratio of 1.56, a quick ratio of 0.35 and a debt-to-equity ratio of 0.11. The company has a 50 day moving average price of $30.72 and a 200-day moving average price of $27.30. The stock has a market cap of $266.65 million, a P/E ratio of -10.18 and a beta of 1.75.

Hedge Funds Weigh In On Genesco

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership grew its position in shares of Genesco by 371.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 272,455 shares of the company’s stock valued at $5,365,000 after purchasing an additional 214,639 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Genesco by 2,995.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 167,155 shares of the company’s stock valued at $4,846,000 after buying an additional 161,755 shares during the last quarter. Shay Capital LLC purchased a new position in Genesco during the second quarter worth $4,027,000. MUFG Securities EMEA plc purchased a new position in Genesco during the second quarter worth $2,954,000. Finally, CIBC Bancorp USA Inc. acquired a new position in shares of Genesco in the third quarter worth $2,930,000. Institutional investors and hedge funds own 94.51% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on GCO shares. Seaport Res Ptn upgraded shares of Genesco from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 26th. Jefferies Financial Group lifted their price objective on Genesco from $24.00 to $29.00 and gave the company a “hold” rating in a report on Friday, August 29th. Wall Street Zen downgraded Genesco from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Weiss Ratings reissued a “sell (d-)” rating on shares of Genesco in a report on Wednesday, October 8th. Finally, Truist Financial upped their price objective on Genesco from $25.00 to $31.00 and gave the stock a “hold” rating in a report on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Genesco has an average rating of “Hold” and a consensus target price of $30.00.

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.