Genesco (NYSE:GCO) Issues FY 2027 Earnings Guidance

Genesco (NYSE:GCO) updated its FY 2027 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of 2.000-2.400 for the period, compared to the consensus estimate of 2.140. The company issued revenue guidance of $2.4 billion-$2.4 billion, compared to the consensus revenue estimate of $2.4 billion.

Wall Street Analyst Weigh In

A number of brokerages recently commented on GCO. Weiss Ratings upgraded Genesco from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, May 15th. Truist Financial dropped their price target on Genesco from $38.00 to $32.00 and set a “hold” rating on the stock in a report on Monday, March 9th. Jefferies Financial Group reiterated a “hold” rating on shares of Genesco in a report on Friday, March 6th. Seaport Research Partners lowered Genesco from a “buy” rating to a “neutral” rating in a report on Wednesday. Finally, Wall Street Zen lowered Genesco from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. One analyst has rated the stock with a Strong Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $34.00.

Genesco Price Performance

Genesco stock opened at $36.38 on Friday. 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 business’s 50 day simple moving average is $32.34 and its 200 day simple moving average is $30.03. The company has a market cap of $395.10 million, a price-to-earnings ratio of 32.20 and a beta of 1.82.

Genesco (NYSE:GCO) last posted its quarterly earnings data on Friday, May 29th. The company reported ($2.18) EPS for the quarter, beating the consensus estimate of ($2.55) by $0.37. The business had revenue of $487.03 million for the quarter, compared to the consensus estimate of $474.33 million. Genesco had a return on equity of 2.92% and a net margin of 0.54%.Genesco has set its FY 2027 guidance at 2.000-2.400 EPS. Sell-side analysts forecast that Genesco will post 2.15 EPS for the current year.

Institutional Trading of Genesco

Hedge funds have recently made changes to their positions in the company. Jones Financial Companies Lllp bought a new stake in shares of Genesco in the first quarter valued at $26,000. Group One Trading LLC bought a new stake in shares of Genesco in the fourth quarter valued at $26,000. Meeder Asset Management Inc. bought a new stake in shares of Genesco in the fourth quarter valued at $37,000. Quarry LP raised its stake in shares of Genesco by 182.2% in the third quarter. Quarry LP now owns 1,964 shares of the company’s stock valued at $57,000 after buying an additional 1,268 shares during the period. Finally, BNP Paribas Financial Markets raised its stake in shares of Genesco by 92.3% in the third 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 during the period. 94.51% of the stock is currently owned by institutional investors.

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.