Genesco Inc. (NYSE:GCO) – Research analysts at SunTrust Banks issued their Q1 2019 earnings per share estimates for shares of Genesco in a research note issued on Tuesday. SunTrust Banks analyst P. Quintiliano forecasts that the company will post earnings of $0.11 per share for the quarter. SunTrust Banks has a “Buy” rating and a $41.00 price target on the stock.
Genesco (NYSE:GCO) last released its earnings results on Friday, December 1st. The company reported $1.02 EPS for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.10). The business had revenue of $716.80 million during the quarter, compared to analyst estimates of $706.58 million. Genesco had a negative net margin of 4.24% and a positive return on equity of 6.93%. Genesco’s revenue was up .8% compared to the same quarter last year. During the same period last year, the business posted $1.28 EPS.
Several other research analysts also recently issued reports on GCO. Piper Jaffray Companies set a $40.00 price target on Genesco and gave the stock a “buy” rating in a research note on Wednesday. Zacks Investment Research raised shares of Genesco from a “sell” rating to a “hold” rating and set a $38.00 target price for the company in a research note on Wednesday, January 31st. Pivotal Research set a $44.00 target price on shares of Genesco and gave the company a “buy” rating in a research note on Wednesday, January 31st. Jefferies Group set a $42.00 target price on shares of Genesco and gave the company a “buy” rating in a research note on Thursday, January 18th. Finally, Susquehanna Bancshares restated a “hold” rating and issued a $30.00 price target on shares of Genesco in a report on Tuesday, November 28th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $37.90.
Genesco (NYSE GCO) traded down $0.20 during trading hours on Friday, hitting $38.00. The stock had a trading volume of 207,380 shares, compared to its average volume of 445,322. The firm has a market cap of $762.68, a P/E ratio of -6.03, a PEG ratio of 1.24 and a beta of 1.32. The company has a quick ratio of 0.47, a current ratio of 2.31 and a debt-to-equity ratio of 0.29. Genesco has a fifty-two week low of $20.90 and a fifty-two week high of $63.50.
Institutional investors and hedge funds have recently made changes to their positions in the business. Public Employees Retirement System of Ohio lifted its holdings in shares of Genesco by 16.9% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 4,278 shares of the company’s stock worth $145,000 after acquiring an additional 618 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in Genesco during the 4th quarter worth approximately $216,000. Pinnacle Financial Partners Inc. purchased a new stake in Genesco during the 3rd quarter worth approximately $226,000. Crossmark Global Holdings Inc. purchased a new stake in Genesco during the 3rd quarter worth approximately $240,000. Finally, Wolverine Trading LLC grew its position in Genesco by 113.1% during the 4th quarter. Wolverine Trading LLC now owns 7,883 shares of the company’s stock worth $256,000 after purchasing an additional 4,183 shares during the last quarter. 98.38% of the stock is currently owned by institutional investors.
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Genesco Inc is a retailer and wholesaler of footwear, apparel and accessories. The Company operates in five segments: Journeys Group, Schuh Group, Lids Sports Group, Johnston & Murphy Group and Licensed Brands. It relies on independent third-party manufacturers for production of its footwear products sold at wholesale.
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