Genesco (NYSE:GCO) Issues FY 2027 Earnings Guidance

Genesco (NYSE:GCO) updated its FY 2027 earnings guidance on Thursday. 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.

Genesco Stock Performance

Shares of GCO stock opened at $35.90 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.58 and a quick ratio of 0.37. Genesco has a one year low of $21.92 and a one year high of $43.60. The business’s 50 day simple moving average is $35.48 and its 200 day simple moving average is $33.36. The stock has a market capitalization of $398.85 million, a PE ratio of 9.35 and a beta of 1.80.

Genesco (NYSE:GCO) last issued its quarterly earnings results on Thursday, September 3rd. The company reported ($0.83) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.37) by $0.54. The firm 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 3.13% and a net margin of 1.71%.During the same period last year, the business posted ($1.79) EPS. Genesco has set its FY 2027 guidance at 2.000-2.400 EPS. As a group, research analysts forecast that Genesco will post 2.4 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on GCO. Zacks Research downgraded shares of Genesco from a “strong-buy” rating to a “hold” rating in a report on Friday, July 31st. Weiss Ratings lowered shares of Genesco from a “hold (c)” rating to a “sell (d+)” rating in a research note on Friday, June 12th. Truist Financial cut their target price on Genesco from $40.00 to $38.00 and set a “hold” rating on the stock in a research note on Friday. Seaport Research Partners lowered Genesco from a “buy” rating to a “neutral” rating in a report on Wednesday, May 27th. Finally, Wall Street Zen lowered Genesco from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Genesco presently has an average rating of “Hold” and a consensus target price of $36.00.

Insider Buying and Selling at Genesco

In other news, Director Gregory Sandfort bought 2,958 shares of the business’s stock in a transaction dated Thursday, July 9th. The shares were purchased 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 approximately $986,013.60. This trade represents a 11.28% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 23.11% of the company’s stock.

Key Stories Impacting Genesco

Here are the key news stories impacting Genesco this week:

• Positive Sentiment: Genesco reported an adjusted loss of $0.83 per share, significantly better than the $1.37 loss analysts expected and improved from a $1.79 loss a year earlier. Revenue of approximately $529.9 million also exceeded consensus estimates of $527.3 million. Genesco Boosts FY27 Adjusted EPS Outlook
• Positive Sentiment: The company raised its fiscal 2027 adjusted EPS outlook to the high end of its existing $2.00-$2.40 range, implying confidence in its turnaround plan. Revenue guidance of about $2.4 billion was maintained, broadly matching analyst expectations. Genesco Signals Fiscal 2027 EPS at High End
• Positive Sentiment: Journeys comparable sales rose 2%, while Johnston & Murphy comparable sales increased 4%. Genesco also plans to open approximately 95 Journeys 4.0 locations, supporting expectations for future growth.
• Positive Sentiment: GAAP gross margin expanded to 51.4% from 45.8%, and the company swung to $3.5 million of net income from an $18.5 million loss in the prior-year quarter.
• Neutral Sentiment: Truist Financial lowered its price target from $40 to $38 and kept a “hold” rating. The revised target still indicates modest upside, but signals limited near-term conviction.
• Negative Sentiment: Sales declined 3% year over year, comparable sales fell 1%, and e-commerce comparable sales dropped 6%. An analysis also cautioned that the $22.5 million tariff refund, including interest, materially boosted quarterly results and may obscure underlying operating performance. One-Time Cash Payments Distort the Real Picture

Institutional Investors Weigh In On Genesco

Large investors have recently made changes to their positions in the business. BNP Paribas Financial Markets raised its holdings in shares of Genesco by 92.3% during the third quarter. BNP Paribas Financial Markets now owns 1,960 shares of the company’s stock valued at $57,000 after acquiring an additional 941 shares in the last quarter. Group One Trading LLC bought a new stake in Genesco in the fourth quarter valued at $26,000. Russell Investments Group Ltd. increased its position in Genesco by 6.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 18,966 shares of the company’s stock valued at $550,000 after purchasing an additional 1,121 shares during the period. Quarry LP raised its holdings in Genesco by 182.2% in the 3rd quarter. Quarry LP now owns 1,964 shares of the company’s stock worth $57,000 after purchasing an additional 1,268 shares in the last quarter. Finally, Jones Financial Companies Lllp bought a new position in Genesco in the 1st quarter worth $26,000. 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.