Genesco (NYSE:GCO) Issues Quarterly Earnings Results

Genesco (NYSE:GCO - Get Free Report) issued its quarterly earnings results on Thursday. The company reported $0.79 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.08), Zacks reports. The firm had revenue of $616.22 million for the quarter, compared to analysts' expectations of $618.62 million. Genesco had a positive return on equity of 1.75% and a negative net margin of 1.03%.During the same quarter in the previous year, the firm posted $0.61 earnings per share. Genesco updated its FY 2026 guidance to 0.950-0.95 EPS.Genesco Stock Down 30.0%Genesco Pops On Earnings But Don’t Expect A Rally NYSE GCO traded down $10.56 during trading on Thursday, reaching $24.69. 322,220 shares of the company's stock were exchanged, compared to its average volume of 236,009. Genesco has a 1 year low of $16.19 and a 1 year high of $44.80. The stock has a market cap of $266.65 million, a P/E ratio of -10.18 and a beta of 1.75. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.35 and a current ratio of 1.56. The company has a 50 day moving average price of $30.72 and a two-hundred day moving average price of $27.30. Analyst Ratings ChangesA number of equities research analysts have recently issued reports on GCO shares. Weiss Ratings reissued a "sell (d-)" rating on shares of Genesco in a research report on Wednesday, October 8th. Jefferies Financial Group boosted their target price on shares of Genesco from $24.00 to $29.00 and gave the company a "hold" rating in a report on Friday, August 29th. Seaport Res Ptn raised shares of Genesco from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 26th. Zacks Research lowered shares of Genesco from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 27th. Finally, Wall Street Zen cut Genesco from a "buy" rating to a "hold" rating in a report on Saturday, November 8th. One analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $30.00.Check Out Our Latest Research Report on GCOHedge Funds Weigh In On GenescoSeveral hedge funds have recently made changes to their positions in GCO. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Genesco by 371.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 272,455 shares of the company's stock valued at $5,365,000 after acquiring an additional 214,639 shares during the period. Shay Capital LLC acquired a new stake in Genesco during the 2nd quarter worth $4,027,000. JPMorgan Chase & Co. grew its position in Genesco by 2,995.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 167,155 shares of the company's stock worth $4,846,000 after purchasing an additional 161,755 shares during the last quarter. MUFG Securities EMEA plc acquired a new position in Genesco in the second quarter valued at $2,954,000. Finally, CIBC Bancorp USA Inc. acquired a new position in Genesco in the third quarter valued at $2,930,000. Hedge funds and other institutional investors own 94.51% of the company's stock. Genesco Company Profile (Get Free Report)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.Recommended StoriesFive stocks we like better than GenescoHow to Buy Cheap Stocks Step by StepInvestors Were Dead Wrong About Box—This AI-Driven Comeback Just Proved ItRetail Stocks Investing, ExplainedCan Alibaba’s Big Bets Pay Off After a Breakout Year?The Basics of Support and ResistanceHow Accenture's OpenAI Partnership Turns AI Hype Into ProfitsThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Genesco Right Now?Before you consider Genesco, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Genesco wasn't on the list.While Genesco currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here