Genesco (NYSE:GCO) Releases Quarterly Earnings Results, Beats Expectations By $0.37 EPS

Genesco (NYSE:GCO) posted its quarterly earnings data on Friday. The company reported ($2.18) earnings per share (EPS) for the quarter, beating the consensus estimate of ($2.55) by $0.37, FiscalAI reports. The business had revenue of $487.03 million during the quarter, compared to analyst estimates of $474.33 million. Genesco had a return on equity of 2.92% and a net margin of 0.54%. Genesco updated its FY 2027 guidance to 2.000-2.400 EPS.

Genesco Stock Down 2.1%

Shares of GCO opened at $36.38 on Friday. The firm has a market capitalization of $395.10 million, a P/E ratio of 32.20 and a beta of 1.82. Genesco has a 12-month low of $19.62 and a 12-month high of $38.95. The company has a current ratio of 1.64, a quick ratio of 0.49 and a debt-to-equity ratio of 0.01. The firm has a fifty day moving average price of $32.34 and a 200-day moving average price of $30.03.

Analyst Upgrades and Downgrades

GCO has been the subject of several analyst reports. Wall Street Zen lowered Genesco from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Genesco in a research note on Friday, March 6th. Truist Financial lowered their price objective on Genesco from $38.00 to $32.00 and set a “hold” rating for the company in a research note on Monday, March 9th. Weiss Ratings raised Genesco from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 15th. Finally, Seaport Research Partners lowered Genesco from a “buy” rating to a “neutral” rating in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Genesco currently has an average rating of “Hold” and a consensus price target of $34.00.

Institutional Trading of Genesco

A number of large investors have recently made changes to their positions in GCO. BNP Paribas Financial Markets boosted its holdings in shares of Genesco by 92.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,960 shares of the company’s stock valued at $57,000 after buying an additional 941 shares in the last quarter. Group One Trading LLC bought a new stake in shares of Genesco in the 4th quarter valued at about $26,000. Russell Investments Group Ltd. boosted its holdings in shares of Genesco by 6.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 18,966 shares of the company’s stock valued at $550,000 after buying an additional 1,121 shares in the last quarter. Quarry LP grew its stake in Genesco by 182.2% during the 3rd quarter. Quarry LP now owns 1,964 shares of the company’s stock worth $57,000 after buying an additional 1,268 shares during the last quarter. Finally, Jones Financial Companies Lllp purchased a new position in Genesco during the 1st quarter worth $26,000. 94.51% of the stock is owned by hedge funds and other institutional investors.

About Genesco

Genesco Inc is a Nashville, Tennessee-based retailer, wholesaler and licensee specializing in branded footwear, headwear, apparel and accessories. Through its portfolio of retail chains, wholesale distribution channels and licensing agreements, Genesco brings a range of product offerings to consumers in North America and Europe.

The company’s retail segment includes specialty chains such as Journeys, which targets fashion-focused teens and young adults in the United States and Canada, and Schuh, a footwear retailer with locations in the United Kingdom and Ireland.