Seaport Res Ptn Has Negative Outlook for Genesco Q2 Earnings

Genesco Inc. (NYSE:GCO) – Equities researchers at Seaport Res Ptn cut their Q2 2026 earnings per share (EPS) estimates for shares of Genesco in a report released on Wednesday, June 4th. Seaport Res Ptn analyst M. Kummetz now anticipates that the company will post earnings of ($1.25) per share for the quarter, down from their previous forecast 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 data on Wednesday, June 4th. The company reported ($2.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($2.09) by $0.04. Genesco had a positive return on equity of 0.56% and a negative net margin of 1.13%. The firm had revenue of $473.97 million during the quarter, compared to the consensus estimate of $463.90 million. During the same period in the previous year, the firm posted ($2.10) EPS. The company’s quarterly revenue was up 3.6% compared to the same quarter last year.

Several other research firms have also recently commented on GCO. Truist Financial lifted their target price on shares of Genesco from $23.00 to $25.00 and gave the stock a “hold” rating in a research note on Thursday. Wall Street Zen cut shares of Genesco from a “buy” rating to a “hold” rating in a research note on Friday, May 30th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $24.00 target price (down from $27.00) on shares of Genesco in a research note on Wednesday, May 21st.

Genesco Stock Up 0.1%

GCO stock opened at $22.71 on Monday. The stock has a market capitalization of $244.81 million, a P/E ratio of -9.35 and a beta of 2.17. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.32 and a current ratio of 1.56. Genesco has a one year low of $16.19 and a one year high of $44.80. The company has a 50 day moving average price of $20.64 and a two-hundred day moving average price of $30.87.

Insider Activity

In other news, major shareholder Fund 1 Investments, Llc sold 25,000 shares of the business’s stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $23.26, for a total transaction of $581,500.00. Following the completion of the sale, the insider now directly owns 1,072,850 shares of the company’s stock, valued at $24,954,491. The trade was a 2.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Gregory A. Sandfort acquired 10,974 shares of the stock in a transaction dated Thursday, March 20th. The shares were bought at an average cost of $22.92 per share, with a total value of $251,524.08. Following the completion of the purchase, the director now directly owns 26,754 shares in the company, valued at approximately $613,201.68. This trade represents a 69.54% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 23.11% of the company’s stock.

Institutional Trading of Genesco

Several institutional investors have recently made changes to their positions in the stock. Strs Ohio purchased a new stake in shares of Genesco during the 1st quarter valued at $338,000. Acadian Asset Management LLC boosted its position in Genesco by 14.6% during the 1st quarter. Acadian Asset Management LLC now owns 411,289 shares of the company’s stock worth $8,729,000 after purchasing an additional 52,391 shares during the period. Empowered Funds LLC boosted its position in Genesco by 5.3% during the 1st quarter. Empowered Funds LLC now owns 64,783 shares of the company’s stock worth $1,375,000 after purchasing an additional 3,282 shares during the period. Jones Financial Companies Lllp purchased a new stake in Genesco during the 1st quarter worth $26,000. Finally, Petrus Trust Company LTA purchased a new stake in Genesco during the 1st quarter worth $253,000. 94.51% of the stock is owned by hedge funds and other institutional investors.

About Genesco

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.