Genesco (NYSE:GCO) Issues FY 2026 Earnings Guidance

Genesco (NYSE:GCO) issued an update on its FY 2026 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of 1.300- for the period, compared to the consensus estimate of 0.950. The company issued revenue guidance of -.

Genesco Stock Down 7.8%

Shares of NYSE:GCO opened at $35.22 on Friday. The firm has a market cap of $380.05 million, a PE ratio of -195.68 and a beta of 1.81. The company has a current ratio of 1.58, a quick ratio of 0.30 and a debt-to-equity ratio of 0.14. Genesco has a 12-month low of $16.19 and a 12-month high of $43.81. The company has a fifty day simple moving average of $29.16 and a 200 day simple moving average of $28.72.

Genesco (NYSE:GCO) last issued its earnings results on Thursday, December 4th. The company reported $0.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.08). The firm had revenue of $616.22 million for the quarter, compared to analyst estimates of $618.62 million. During the same quarter in the previous year, the business posted $0.61 EPS. Genesco has set its FY 2026 guidance at 0.950-0.95 EPS. On average, equities research analysts anticipate that Genesco will post 0.94 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on GCO shares. Williams Trading raised Genesco to a “strong-buy” rating in a research note on Monday, January 12th. Zacks Research upgraded shares of Genesco from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 14th. Weiss Ratings reissued a “sell (d+)” rating on shares of Genesco in a research note on Wednesday, December 24th. Truist Financial set a $38.00 target price on Genesco in a research report on Wednesday, January 14th. Finally, Wall Street Zen downgraded shares of Genesco from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. One investment 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 company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $36.00.

Institutional Trading of Genesco

Several hedge funds have recently modified their holdings of GCO. Jones Financial Companies Lllp bought a new position in Genesco in the 1st quarter valued at $26,000. Quarry LP raised its stake in shares of Genesco by 182.2% in the 3rd quarter. Quarry LP now owns 1,964 shares of the company’s stock valued at $57,000 after purchasing an additional 1,268 shares during the period. BNP Paribas Financial Markets grew its holdings in shares of Genesco by 92.3% during the third quarter. BNP Paribas Financial Markets now owns 1,960 shares of the company’s stock worth $57,000 after buying an additional 941 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in Genesco by 37.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,514 shares of the company’s stock worth $109,000 after acquiring an additional 1,499 shares during the last quarter. Finally, Focus Partners Wealth acquired a new stake in Genesco in the 3rd quarter valued at $205,000. 94.51% of the stock is owned by 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.