SunTrust Banks Comments on Genesco Inc.’s Q1 2019 Earnings (GCO)

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.

WARNING: This article was reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this article on another domain, it was illegally stolen and republished in violation of United States and international trademark and copyright laws. The original version of this article can be accessed at https://www.dispatchtribunal.com/2018/02/16/suntrust-banks-comments-on-genesco-inc-s-q1-2019-earnings-gco.html.

About Genesco

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.

Earnings History and Estimates for Genesco (NYSE:GCO)

Receive News & Ratings for Genesco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genesco and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply