Seaport Res Ptn Increases Earnings Estimates for Genesco

Genesco Inc. (NYSE:GCO) – Equities researchers at Seaport Res Ptn boosted their FY2025 earnings per share (EPS) estimates for Genesco in a research report issued to clients and investors on Wednesday, January 15th. Seaport Res Ptn analyst M. Kummetz now forecasts that the company will post earnings per share of $1.00 for the year, up from their previous forecast of $0.90. The consensus estimate for Genesco’s current full-year earnings is $0.81 per share.

Separately, StockNews.com raised shares of Genesco from a “hold” rating to a “buy” rating in a research note on Friday, December 6th.

Genesco Trading Down 4.3 %

Genesco stock opened at $40.35 on Friday. The firm’s 50 day moving average price is $37.93 and its two-hundred day moving average price is $31.27. Genesco has a twelve month low of $23.21 and a twelve month high of $44.80. The company has a current ratio of 1.56, a quick ratio of 0.32 and a debt-to-equity ratio of 0.19.

Genesco (NYSE:GCO) last issued its earnings results on Friday, December 6th. The company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.31. The company had revenue of $596.30 million for the quarter, compared to the consensus estimate of $577.73 million. Genesco had a positive return on equity of 0.56% and a negative net margin of 1.13%. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.57 EPS.

Insider Activity

In other news, VP Daniel E. Ewoldsen sold 4,000 shares of the firm’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $42.68, for a total transaction of $170,720.00. Following the transaction, the vice president now owns 41,358 shares in the company, valued at approximately $1,765,159.44. This trade represents a 8.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 7.09% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Genesco

Hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its position in shares of Genesco by 124.9% in the third quarter. JPMorgan Chase & Co. now owns 251,142 shares of the company’s stock worth $6,824,000 after buying an additional 139,485 shares during the last quarter. Martingale Asset Management L P acquired a new stake in Genesco in the 3rd quarter worth approximately $842,000. AQR Capital Management LLC lifted its holdings in Genesco by 38.0% in the 2nd quarter. AQR Capital Management LLC now owns 102,986 shares of the company’s stock worth $2,663,000 after purchasing an additional 28,374 shares during the last quarter. American Century Companies Inc. boosted its position in Genesco by 20.2% during the second quarter. American Century Companies Inc. now owns 157,064 shares of the company’s stock worth $4,062,000 after purchasing an additional 26,436 shares during the period. Finally, Dynamic Technology Lab Private Ltd grew its holdings in Genesco by 166.4% during the third quarter. Dynamic Technology Lab Private Ltd now owns 34,275 shares of the company’s stock valued at $931,000 after purchasing an additional 21,410 shares during the last quarter. 94.51% of the stock is owned by institutional investors and hedge funds.

Genesco Company Profile

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.