Genesco (NYSE:GCO) Issues FY 2026 Earnings Guidance

Genesco (NYSE:GCO) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.950-0.95 for the period, compared to the consensus estimate of 1.570. The company issued revenue guidance of -, compared to the consensus revenue estimate of $2.4 billion.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on GCO shares. Jefferies Financial Group set a $26.00 target price on shares of Genesco in a report on Thursday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Genesco in a research report on Wednesday, October 8th. Zacks Research cut shares of Genesco from a “strong-buy” rating to a “hold” rating in a report on Monday, October 27th. Wall Street Zen downgraded Genesco from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Truist Financial upped their target price on Genesco from $25.00 to $31.00 and gave the company a “hold” rating in a report on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Genesco has a consensus rating of “Hold” and a consensus target price of $28.50.

Genesco Trading Down 30.7%

Shares of NYSE:GCO opened at $24.42 on Friday. The company has a quick ratio of 0.35, a current ratio of 1.56 and a debt-to-equity ratio of 0.11. The company’s 50-day moving average price is $30.60 and its 200 day moving average price is $27.28. The company has a market cap of $263.77 million, a PE ratio of -10.01 and a beta of 1.75. Genesco has a fifty-two week low of $16.19 and a fifty-two week high of $44.80.

Genesco (NYSE:GCO) last announced its quarterly earnings results on Thursday, December 4th. The company reported $0.79 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.08). The firm had revenue of $616.22 million during the quarter, compared to analyst estimates of $618.62 million. Genesco had a negative net margin of 1.03% and a positive return on equity of 1.75%. During the same quarter in the previous year, the business posted $0.61 EPS. Genesco has set its FY 2026 guidance at 0.950-0.95 EPS. Sell-side analysts anticipate that Genesco will post 0.94 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Royal Bank of Canada increased its holdings in shares of Genesco by 15.4% during the first quarter. Royal Bank of Canada now owns 52,848 shares of the company’s stock valued at $1,122,000 after purchasing an additional 7,042 shares during the period. Jones Financial Companies Lllp bought a new position in Genesco in the 1st quarter valued at about $26,000. Empowered Funds LLC increased its stake in Genesco by 5.3% during the 1st quarter. Empowered Funds LLC now owns 64,783 shares of the company’s stock valued at $1,375,000 after buying an additional 3,282 shares during the period. Cetera Investment Advisers bought a new stake in shares of Genesco during the 2nd quarter worth about $208,000. Finally, Russell Investments Group Ltd. raised its position in shares of Genesco by 31.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 17,845 shares of the company’s stock worth $351,000 after buying an additional 4,268 shares in the last quarter. Institutional investors own 94.51% of the company’s stock.

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.