New insider activity at Genesco ( (GCO) ) has taken place on April 1, 2025.
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Significant shareholder Fund 1 Investments, LLC has recently sold 12,000 shares of Genesco stock, amounting to a total transaction value of $248,640.
Recent Updates on GCO stock
Genesco’s stock has experienced a significant decline of nearly 20% in the last 24 hours, despite reporting strong fourth-quarter earnings. The company’s Q4 results showed a 10% increase in comparable sales, driven by a 14% rise in the Journeys segment and an 18% boost in e-commerce sales. However, the stock price drop is attributed to concerns over future profitability, as the company anticipates gross margin pressures in fiscal 2026 due to product and channel mix shifts and the exit of certain licenses. Additionally, challenges in the Schuh and Johnston and Murphy segments, alongside a cautious forward-looking guidance, have contributed to the negative market reaction. Genesco’s management remains optimistic about strategic growth initiatives, particularly in the Journeys segment, but investors are wary of the anticipated headwinds.
More about Genesco
YTD Price Performance: -49.95%
Average Trading Volume: 294,841
Technical Sentiment Signal: Strong Buy
Current Market Cap: $231M
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