Seaport Res Ptn Estimates Genesco’s Q2 Earnings (NYSE:GCO)

Genesco Inc. (NYSE:GCO) – Stock analysts at Seaport Res Ptn reduced their Q2 2026 earnings per share estimates for Genesco in a report issued on Wednesday, June 4th. Seaport Res Ptn analyst M. Kummetz now expects that the company will post earnings of ($1.25) per share for the quarter, down from their prior estimate of ($0.85). The consensus estimate for Genesco’s current full-year earnings is $0.94 per share. Seaport Res Ptn also issued estimates for Genesco’s Q3 2026 earnings at $1.02 EPS, Q4 2026 earnings at $3.74 EPS, FY2026 earnings at $1.50 EPS, FY2027 earnings at $2.12 EPS and FY2028 earnings at $2.77 EPS.

Genesco (NYSE:GCO) last issued its quarterly earnings results on Wednesday, June 4th. The company reported ($2.05) EPS for the quarter, beating analysts’ consensus estimates of ($2.09) by $0.04. The company had revenue of $473.97 million for the quarter, compared to analyst estimates of $463.90 million. Genesco had a positive return on equity of 0.56% and a negative net margin of 1.13%. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the company posted ($2.10) earnings per share.

A number of other analysts have also commented on GCO. Jefferies Financial Group restated a “hold” rating and issued a $24.00 price target (down from $27.00) on shares of Genesco in a report on Wednesday, May 21st. Truist Financial boosted their price target on Genesco from $23.00 to $25.00 and gave the company a “hold” rating in a report on Thursday, June 5th. Finally, Wall Street Zen lowered Genesco from a “buy” rating to a “hold” rating in a report on Friday, May 30th.

Genesco Stock Performance

Shares of Genesco stock opened at $23.14 on Monday. The firm has a market cap of $249.44 million, a price-to-earnings ratio of -9.52 and a beta of 2.17. The stock’s 50-day moving average is $20.74 and its 200-day moving average is $30.76. Genesco has a one year low of $16.19 and a one year high of $44.80. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.56 and a quick ratio of 0.32.

Institutional Trading of Genesco

Several institutional investors and hedge funds have recently bought and sold shares of GCO. Nomura Holdings Inc. bought a new stake in Genesco in the first quarter valued at approximately $16,163,000. Portolan Capital Management LLC bought a new stake in Genesco in the fourth quarter valued at approximately $19,847,000. Fund 1 Investments LLC raised its stake in Genesco by 1,045.4% in the fourth quarter. Fund 1 Investments LLC now owns 242,965 shares of the company’s stock valued at $10,387,000 after buying an additional 221,752 shares during the period. Vanguard Group Inc. raised its stake in Genesco by 23.9% in the first quarter. Vanguard Group Inc. now owns 899,123 shares of the company’s stock valued at $19,088,000 after buying an additional 173,255 shares during the period. Finally, SG Americas Securities LLC raised its stake in Genesco by 4,730.7% in the first quarter. SG Americas Securities LLC now owns 125,212 shares of the company’s stock valued at $2,658,000 after buying an additional 122,620 shares during the period. Institutional investors own 94.51% of the company’s stock.

Insider Buying and Selling

In related news, Director Gregory A. Sandfort bought 10,974 shares of the company’s stock in a transaction that occurred on Thursday, March 20th. The shares were acquired at an average price of $22.92 per share, for a total transaction of $251,524.08. Following the completion of the acquisition, the director now owns 26,754 shares of the company’s stock, valued at approximately $613,201.68. The trade was a 69.54% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Fund 1 Investments, Llc sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $23.26, for a total value of $581,500.00. Following the completion of the sale, the insider now owns 1,072,850 shares in the company, valued at $24,954,491. This represents a 2.28% decrease in their position. The disclosure for this sale can be found here. 23.11% of the stock is currently owned by corporate insiders.

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.