Genesco (NYSE:GCO) Releases FY 2027 Earnings Guidance

Genesco (NYSE:GCO) issued an update on its FY 2027 earnings guidance on Thursday morning. The company provided earnings per share (EPS) 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.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Wall Street Zen cut shares of Genesco from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Weiss Ratings cut Genesco from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, June 12th. Truist Financial set a $40.00 price objective on Genesco in a research report on Friday, May 29th. Zacks Research cut Genesco from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 31st. Finally, Seaport Research Partners lowered Genesco from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $36.67.

Genesco Stock Performance

NYSE:GCO opened at $34.28 on Friday. The stock has a market capitalization of $380.85 million, a P/E ratio of 19.82 and a beta of 1.80. The company has a current ratio of 1.83, a quick ratio of 0.37 and a debt-to-equity ratio of 0.08. Genesco has a 1 year low of $21.92 and a 1 year high of $43.60. The firm has a 50 day moving average of $35.48 and a 200-day moving average of $33.35.

Genesco (NYSE:GCO) last released its quarterly earnings results on Thursday, September 3rd. The company reported ($0.83) EPS for the quarter, topping analysts’ consensus estimates of ($1.37) by $0.54. The business had revenue of $529.86 million for the quarter, compared to analyst estimates of $527.26 million. Genesco had a return on equity of 2.66% and a net margin of 0.80%.During the same period in the prior year, the company earned ($1.79) EPS. Genesco has set its FY 2027 guidance at 2.000-2.400 EPS. As a group, sell-side analysts anticipate that Genesco will post 2.25 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Gregory Sandfort acquired 2,958 shares of the firm’s stock in a transaction on Thursday, July 9th. The shares were purchased at an average cost of $33.80 per share, for a total transaction of $99,980.40. Following the transaction, the director owned 29,172 shares of the company’s stock, valued at approximately $986,013.60. This represents a 11.28% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 23.11% of the stock is owned by company insiders.

More Genesco News

Here are the key news stories impacting Genesco this week:

• Positive Sentiment: Genesco reported adjusted EPS of -$0.83, beating the consensus estimate of -$1.37 by $0.54. Revenue of approximately $529.9 million also exceeded estimates of $527.3 million. Genesco quarterly earnings report
• Positive Sentiment: The company raised fiscal 2027 adjusted EPS guidance to the high end of its $2.00-$2.40 range, signaling increased confidence in the turnaround. Revenue guidance was maintained at approximately $2.4 billion. Genesco fiscal 2027 outlook
• Positive Sentiment: GAAP results improved sharply: Genesco posted net income of about $3.5 million, versus an $18.5 million loss a year earlier. Gross margin expanded to 51.4% from 45.8%, helped partly by $22.5 million of tariff refunds including interest.
• Positive Sentiment: Journeys comparable sales increased 2%, while Johnston & Murphy comparable sales rose 4%. Management also plans as many as 95 Journeys 4.0 store openings, supporting the company’s restructuring and growth strategy. Genesco turnaround update
• Neutral Sentiment: The earnings improvement was partly supported by tariff refunds, which may not recur, making underlying operating trends important for investors to monitor.
• Negative Sentiment: Revenue declined 3% year over year, total comparable sales fell 1% and comparable e-commerce sales dropped 6%. Genesco also ended the quarter with fewer stores after opening three and closing 25.

Institutional Investors Weigh In On Genesco

Several hedge funds have recently bought and sold shares of GCO. BNP Paribas Financial Markets grew its holdings in shares of Genesco by 92.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,960 shares of the company’s stock valued at $57,000 after buying an additional 941 shares during the period. Group One Trading LLC acquired a new stake in shares of Genesco in the fourth quarter valued at about $26,000. Russell Investments Group Ltd. boosted its position in Genesco by 6.3% during the third 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 last quarter. Quarry LP grew its stake in shares of Genesco by 182.2% in the third quarter. Quarry LP now owns 1,964 shares of the company’s stock valued at $57,000 after buying an additional 1,268 shares in the last quarter. Finally, Jones Financial Companies Lllp acquired a new stake in Genesco in the first quarter valued at $26,000. 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.