Genesco Inc. (NYSE:GCO – Get Rating) – Seaport Res Ptn issued their FY2026 earnings per share (EPS) estimates for Genesco in a research report issued to clients and investors on Thursday, March 2nd. Seaport Res Ptn analyst M. Kummetz expects that the company will post earnings per share of $8.13 for the year. The consensus estimate for Genesco’s current full-year earnings is $5.55 per share.
Separately, StockNews.com downgraded Genesco from a “buy” rating to a “hold” rating in a research report on Monday, December 5th.
Genesco Stock Up 2.6 %
Genesco (NYSE:GCO – Get Rating) last posted its earnings results on Friday, December 2nd. The company reported $1.65 EPS for the quarter, topping the consensus estimate of $1.57 by $0.08. The firm had revenue of $603.79 million for the quarter, compared to analyst estimates of $590.23 million. Genesco had a return on equity of 14.34% and a net margin of 3.98%.
Institutional Trading of Genesco
A number of institutional investors have recently bought and sold shares of GCO. Alliancebernstein L.P. increased its position in Genesco by 13.4% during the 4th quarter. Alliancebernstein L.P. now owns 671,250 shares of the company’s stock worth $30,891,000 after purchasing an additional 79,167 shares during the period. Squarepoint Ops LLC increased its holdings in Genesco by 8.8% in the 4th quarter. Squarepoint Ops LLC now owns 119,355 shares of the company’s stock valued at $5,493,000 after purchasing an additional 9,687 shares in the last quarter. Legion Partners Asset Management LLC grew its stake in shares of Genesco by 0.6% during the fourth quarter. Legion Partners Asset Management LLC now owns 928,042 shares of the company’s stock valued at $42,708,000 after acquiring an additional 5,862 shares in the last quarter. Morgan Stanley grew its stake in shares of Genesco by 11.3% during the fourth quarter. Morgan Stanley now owns 138,835 shares of the company’s stock valued at $6,389,000 after acquiring an additional 14,149 shares in the last quarter. Finally, Algert Global LLC acquired a new position in Genesco in the fourth quarter worth about $481,000. 94.27% of the stock is owned by hedge funds and other institutional investors.
Genesco Company Profile
Genesco, Inc engages in the retail and sale of footwear, apparel, and accessories. It operates through the following segments: Journeys Group, Schuh Group, Johnston & Murphy Group, and Licensed Brands. The Journeys Group segment contains the Journeys, Journeys Kidz, Shi by Journeys and Little Burgundy retail stores, catalog and e-commerce operations.
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