What is Seaport Res Ptn’s Estimate for Genesco Q3 Earnings?

Genesco Inc. (NYSE:GCO) – Equities researchers at Seaport Res Ptn cut their Q3 2026 earnings per share (EPS) estimates for shares of Genesco in a report issued on Wednesday, May 28th. Seaport Res Ptn analyst M. Kummetz now expects that the company will earn $0.77 per share for the quarter, down from their prior forecast of $0.79. The consensus estimate for Genesco’s current full-year earnings is $0.94 per share. Seaport Res Ptn also issued estimates for Genesco’s Q4 2026 earnings at $3.44 EPS, FY2026 earnings at $1.30 EPS, FY2027 earnings at $1.83 EPS and FY2028 earnings at $2.38 EPS.

Genesco (NYSE:GCO) last announced its earnings results on Friday, March 7th. The company reported $3.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.31 by ($0.05). Genesco had a negative net margin of 1.13% and a positive return on equity of 0.56%. The business had revenue of $745.95 million during the quarter, compared to analyst estimates of $780.43 million. During the same period in the previous year, the company earned $2.59 earnings per share.

Several other research firms have also issued reports on GCO. Truist Financial assumed coverage on Genesco in a research report on Wednesday. They set a “hold” rating and a $23.00 price target on the stock. Jefferies Financial Group reissued a “hold” rating and set a $24.00 price target (down from $27.00) on shares of Genesco in a research report on Wednesday, May 21st. Finally, Wall Street Zen lowered Genesco from a “buy” rating to a “hold” rating in a research report on Friday.

Genesco Stock Performance

GCO stock opened at $21.79 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 market cap of $234.90 million, a P/E ratio of -8.97 and a beta of 2.14. Genesco has a 12-month low of $16.19 and a 12-month high of $44.80. The stock’s 50 day simple moving average is $20.58 and its 200 day simple moving average is $31.12.

Insider Activity at Genesco

In related news, Director Gregory A. Sandfort acquired 10,974 shares of the stock in a transaction that occurred on Thursday, March 20th. The stock was purchased at an average cost of $22.92 per share, for a total transaction of $251,524.08. Following the purchase, the director now directly owns 26,754 shares in the company, valued at $613,201.68. This represents a 69.54% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Fund 1 Investments, Llc sold 12,000 shares of the stock in a transaction on Friday, March 28th. The stock was sold at an average price of $20.73, for a total value of $248,760.00. Following the completion of the sale, the insider now directly owns 1,097,850 shares in the company, valued at $22,758,430.50. This represents a 1.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 7.09% of the company’s stock.

Institutional Investors Weigh In On Genesco

Large investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets increased its position in Genesco by 38.6% in the fourth quarter. BNP Paribas Financial Markets now owns 42,708 shares of the company’s stock worth $1,826,000 after buying an additional 11,900 shares during the period. Brandywine Global Investment Management LLC acquired a new stake in Genesco in the fourth quarter worth $1,475,000. Versor Investments LP acquired a new stake in Genesco in the fourth quarter worth $543,000. American Century Companies Inc. increased its position in Genesco by 25.3% in the fourth quarter. American Century Companies Inc. now owns 276,807 shares of the company’s stock worth $11,833,000 after buying an additional 55,977 shares during the period. Finally, Proficio Capital Partners LLC acquired a new stake in Genesco in the fourth quarter worth $479,000. 94.51% of the stock is owned by institutional investors and hedge funds.

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.