Genesco (NYSE:GCO – Get Free Report) issued an update on its FY 2027 earnings guidance on Thursday morning. The company provided earnings per share guidance of 2.000-2.400 for the period, compared to the consensus earnings per share estimate of 2.250. The company issued revenue guidance of $2.4 billion-$2.4 billion, compared to the consensus revenue estimate of $2.4 billion.
Analysts Set New Price Targets
GCO has been the topic of several research analyst reports. Zacks Research lowered shares of Genesco from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 31st. Wall Street Zen lowered shares of Genesco from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Seaport Research Partners lowered Genesco from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 27th. Weiss Ratings downgraded Genesco from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, June 12th. Finally, Truist Financial set a $40.00 target price on Genesco in a report on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $36.67.
Genesco Stock Up 2.3%
Genesco (NYSE:GCO – Get Free Report) last released its quarterly earnings results on Thursday, September 3rd. The company reported ($0.83) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.37) by $0.54. The business had revenue of $529.86 million during the quarter, compared to the consensus estimate of $527.26 million. Genesco had a return on equity of 2.66% and a net margin of 0.80%.During the same quarter in the previous year, the business earned ($1.79) EPS. Genesco has set its FY 2027 guidance at 2.000-2.400 EPS. Equities analysts predict that Genesco will post 2.25 EPS for the current year.
Insider Activity
In related news, Director Gregory Sandfort purchased 2,958 shares of the firm’s stock in a transaction that occurred on Thursday, July 9th. The stock was acquired at an average price of $33.80 per share, for a total transaction of $99,980.40. Following the completion of the acquisition, the director owned 29,172 shares of the company’s stock, valued at $986,013.60. This represents a 11.28% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 23.11% of the stock is currently owned by insiders.
Trending Headlines about Genesco
Here are the key news stories impacting Genesco this week:
- Positive Sentiment: Earnings beat estimates: Genesco reported adjusted EPS of -$0.83, ahead of the consensus estimate of -$1.37 and substantially better than the prior-year loss of $1.79 per share. Revenue of approximately $529.9 million also exceeded estimates of $527.3 million. Genesco boosts fiscal 2027 adjusted EPS outlook
- Positive Sentiment: Profitability improved sharply: GAAP net income was $3.5 million, compared with an $18.5 million loss a year earlier. Gross margin rose to 51.4% from 45.8%, helped in part by tariff refunds, while operating income improved to $3.6 million from a $14.4 million loss. Genesco fiscal 2027 second-quarter results
- Positive Sentiment: Raised outlook: Management lifted its fiscal 2027 adjusted diluted EPS forecast to the high end of its $2.00–$2.40 range. It also plans approximately 95 Journeys 4.0 store openings, signaling confidence in the brand’s turnaround and growth potential. Genesco fiscal 2027 outlook and Journeys openings
- Neutral Sentiment: Mixed sales trends: Total revenue declined 3% year over year and comparable sales fell 1%. However, Journeys comparable sales increased 2% and Johnston & Murphy comparable sales rose 4%, partially offsetting a 6% decline in comparable e-commerce sales. Genesco second-quarter sales and guidance
- Negative Sentiment: Quality of earnings remains a consideration: The quarter benefited from approximately $22.5 million in tariff refunds, including interest. Investors may question how much of the margin and profit improvement is sustainable once this one-time benefit is excluded.
Hedge Funds Weigh In On Genesco
Several large investors have recently bought and sold shares of GCO. Arrowstreet Capital Limited Partnership boosted its holdings in Genesco by 371.2% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 272,455 shares of the company’s stock worth $5,365,000 after acquiring an additional 214,639 shares during the last quarter. Shay Capital LLC purchased a new stake in shares of Genesco in the second quarter valued at about $4,027,000. JPMorgan Chase & Co. lifted its position in shares of Genesco by 2,995.5% during the third quarter. JPMorgan Chase & Co. now owns 167,155 shares of the company’s stock valued at $4,846,000 after purchasing an additional 161,755 shares in the last quarter. MUFG Securities EMEA plc bought a new position in shares of Genesco during the second quarter valued at about $2,954,000. Finally, Marshall Wace LLP boosted its holdings in Genesco by 232.5% during the fourth quarter. Marshall Wace LLP now owns 174,218 shares of the company’s stock worth $4,315,000 after purchasing an additional 121,814 shares during the last quarter. 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.
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