FY2025 EPS Estimates for Genesco Raised by Seaport Res Ptn

Genesco Inc. (NYSE:GCO) – Analysts at Seaport Res Ptn upped their FY2025 earnings per share (EPS) estimates for shares of Genesco in a note issued to investors on Wednesday, January 15th. Seaport Res Ptn analyst M. Kummetz now anticipates that the company will earn $1.00 per share for the year, up from their previous estimate of $0.90. The consensus estimate for Genesco’s current full-year earnings is $0.81 per share.

Separately, StockNews.com upgraded Genesco from a “hold” rating to a “buy” rating in a research report on Friday, December 6th.

Genesco Stock Up 0.0 %

GCO stock opened at $40.40 on Friday. The company has a current ratio of 1.56, a quick ratio of 0.32 and a debt-to-equity ratio of 0.19. The firm has a 50-day moving average of $38.37 and a two-hundred day moving average of $31.50. Genesco has a 12 month low of $23.21 and a 12 month high of $44.80. The company has a market cap of $452.91 million, a price-to-earnings ratio of -16.63 and a beta of 2.37.

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

Insider Transactions at Genesco

In other news, VP Daniel E. Ewoldsen sold 4,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the vice president now owns 41,358 shares in the company, valued at $1,765,159.44. This trade represents a 8.82 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 7.09% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. American Century Companies Inc. lifted its stake in shares of Genesco by 20.2% in the 2nd quarter. American Century Companies Inc. now owns 157,064 shares of the company’s stock valued at $4,062,000 after purchasing an additional 26,436 shares during the last quarter. Dynamic Technology Lab Private Ltd raised its holdings in Genesco by 166.4% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 34,275 shares of the company’s stock valued at $931,000 after buying an additional 21,410 shares during the period. Franklin Resources Inc. lifted its position in Genesco by 8.4% in the third quarter. Franklin Resources Inc. now owns 11,108 shares of the company’s stock valued at $313,000 after buying an additional 859 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Genesco by 139.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 36,279 shares of the company’s stock valued at $986,000 after acquiring an additional 21,158 shares during the last quarter. Finally, Martingale Asset Management L P acquired a new stake in shares of Genesco during the third quarter valued at about $842,000. 94.51% of the stock is currently owned by hedge funds and other institutional investors.

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.