New insider activity at Genesco ( (GCO) ) has taken place on March 21, 2025.
Director Gregory Sandfort has made a significant investment in Genesco by purchasing 10,974 shares of the company’s stock. This transaction is valued at $251,524, indicating a strong vote of confidence in the company’s future prospects.
Recent Updates on GCO stock
In the last 24 hours, Genesco’s stock has experienced a significant decline, dropping by approximately 19.4% to 19.9%. This sharp decrease follows the company’s recent Q4 earnings report, which, despite showing strong performance in the Journeys segment and digital growth, also highlighted challenges in other areas. The Schuh business faced a difficult UK market, and Johnston and Murphy encountered a slowdown in men’s non-athletic premium footwear sales. Additionally, Genesco’s forward guidance indicated potential pressures on gross margins and a cautious outlook for fiscal 2026, with expected impacts from store closures and currency fluctuations. These factors contributed to the stock’s decline, as investors reacted to the mixed outlook and anticipated challenges ahead.
More about Genesco
YTD Price Performance: -45.60%
Average Trading Volume: 264,999
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $241M