Genesco (NYSE:GCO) posted its quarterly earnings data on Thursday, March 15th. The company reported $2.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.09 by $0.06, Bloomberg Earnings reports. The firm had revenue of $930.00 million during the quarter, compared to the consensus estimate of $902.00 million. Genesco had a negative net margin of 3.85% and a positive return on equity of 7.07%. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.15 EPS. Genesco updated its FY19 guidance to $3.05-3.45 EPS.
GCO stock traded up $0.15 during trading on Friday, reaching $44.00. 454,703 shares of the company were exchanged, compared to its average volume of 356,422. The stock has a market cap of $876.17, a price-to-earnings ratio of 14.01, a P/E/G ratio of 1.39 and a beta of 1.06. Genesco has a twelve month low of $20.90 and a twelve month high of $55.90. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.72 and a quick ratio of 0.60.
GCO has been the subject of a number of recent research reports. Jefferies Group raised shares of Genesco from a “hold” rating to a “buy” rating in a report on Tuesday, January 2nd. SunTrust Banks upped their price target on shares of Genesco to $39.00 and gave the stock a “buy” rating in a report on Tuesday, January 9th. Pivotal Research set a $44.00 price target on shares of Genesco and gave the stock a “buy” rating in a report on Wednesday, January 31st. Finally, Piper Jaffray set a $40.00 price target on shares of Genesco and gave the stock a “buy” rating in a report on Wednesday, February 14th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $41.00.
A number of hedge funds have recently added to or reduced their stakes in GCO. Carillon Tower Advisers Inc. acquired a new position in Genesco during the 4th quarter worth approximately $42,811,000. Legion Partners Asset Management LLC acquired a new position in Genesco during the 4th quarter worth approximately $26,777,000. Royce & Associates LP acquired a new position in Genesco during the 4th quarter worth approximately $11,130,000. JPMorgan Chase & Co. increased its position in Genesco by 635.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 190,388 shares of the company’s stock worth $5,026,000 after purchasing an additional 164,485 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its position in Genesco by 373.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 188,169 shares of the company’s stock worth $5,004,000 after purchasing an additional 148,403 shares in the last quarter. Institutional investors and hedge funds own 99.24% of the company’s stock.
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Genesco Inc retails and wholesales footwear, apparel, and accessories. The company's Journeys Group segment offers footwear and accessories through the Journeys, Journeys Kidz, Shi by Journeys, Little Burgundy, and Underground by Journeys retail stores, as well as through e-commerce and catalogs for young men, women, and children.
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