Genesco (NYSE:GCO) Announces Earnings Results, Beats Expectations By $0.01 EPS

Genesco (NYSE:GCO) released its earnings results on Friday. The company reported $3.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.73 by $0.01, FiscalAI reports. Genesco updated its FY 2027 guidance to 1.900-2.300 EPS.

Genesco Stock Up 6.0%

Shares of GCO traded up $1.56 during midday trading on Friday, reaching $27.65. 149,467 shares of the company were exchanged, compared to its average volume of 244,209. Genesco has a 1-year low of $16.19 and a 1-year high of $38.95. The stock has a 50-day moving average price of $29.36 and a 200-day moving average price of $29.61. The company has a current ratio of 1.58, a quick ratio of 0.30 and a debt-to-equity ratio of 0.14. The company has a market cap of $298.34 million, a price-to-earnings ratio of -153.61 and a beta of 1.86.

Hedge Funds Weigh In On Genesco

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Jones Financial Companies Lllp acquired a new stake in Genesco in the first quarter valued at approximately $26,000. Group One Trading LLC purchased a new position in shares of Genesco in the fourth quarter valued at $26,000. Meeder Asset Management Inc. acquired a new stake in Genesco during the 4th quarter valued at $37,000. Quarry LP increased 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 period. Finally, BNP Paribas Financial Markets lifted its holdings in Genesco by 92.3% in the 3rd 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. 94.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GCO has been the subject of several research reports. Truist Financial set a $38.00 price objective on shares of Genesco in a research note on Wednesday, January 14th. Zacks Research raised Genesco from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 14th. Jefferies Financial Group restated a “hold” rating and set a $32.00 price target on shares of Genesco in a research note on Monday, January 12th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Genesco in a research note on Wednesday, December 24th. Finally, UBS Group set a $38.00 target price on Genesco in a report on Friday, December 5th. One research analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $36.00.

Genesco Company Profile

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.