Genesco (NYSE:GCO) Updates FY 2027 Earnings Guidance

Genesco (NYSE:GCO) updated its FY 2027 earnings guidance on Friday. The company provided EPS guidance of 2.000-2.400 for the period, compared to the consensus EPS 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 Analysts Forecast Growth

GCO has been the topic of a number of recent research reports. Seaport Research Partners cut shares of Genesco from a “buy” rating to a “neutral” rating in a research note on Wednesday. Jefferies Financial Group restated a “hold” rating on shares of Genesco in a research note on Friday, March 6th. Weiss Ratings upgraded Genesco from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 15th. Wall Street Zen cut Genesco from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Truist Financial cut their price target on Genesco from $38.00 to $32.00 and set a “hold” rating for the company in a report on Monday, March 9th. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $34.00.

Genesco Trading Down 3.1%

GCO stock opened at $35.27 on Friday. Genesco has a 52 week low of $19.62 and a 52 week high of $38.95. The company has a market capitalization of $383.01 million, a PE ratio of 31.08 and a beta of 1.82. The company’s 50-day simple moving average is $32.34 and its 200 day simple moving average is $30.03. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.49 and a current ratio of 1.64.

Genesco (NYSE:GCO) last announced its earnings results on Friday, May 29th. The company reported ($2.18) EPS for the quarter, topping the consensus estimate of ($2.55) by $0.37. The company had revenue of $487.03 million for the quarter, compared to analysts’ expectations of $474.33 million. Genesco had a net margin of 0.54% and a return on equity of 2.92%. Genesco has set its FY 2027 guidance at 2.000-2.400 EPS. As a group, sell-side analysts anticipate that Genesco will post 2.15 earnings per share for the current year.

Institutional Investors Weigh In On Genesco

Large investors have recently bought and sold shares of the company. Jones Financial Companies Lllp bought a new stake in shares of Genesco during the 1st quarter worth approximately $26,000. Group One Trading LLC bought a new stake in Genesco during the fourth quarter worth $26,000. Meeder Asset Management Inc. acquired a new stake in shares of Genesco in the 4th quarter valued at $37,000. Quarry LP increased its stake in shares of Genesco by 182.2% in the 3rd quarter. Quarry LP now owns 1,964 shares of the company’s stock valued at $57,000 after purchasing an additional 1,268 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in shares of Genesco by 92.3% during 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 currently owned by institutional investors and hedge funds.

About Genesco

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.