Genesco (NYSE:GCO – Get Rating) updated its FY 2023 earnings guidance on Thursday. The company provided EPS guidance of $7.00-$7.75 for the period, compared to the consensus EPS estimate of $7.41. The company issued revenue guidance of $2.45 billion-$2.49 billion, compared to the consensus revenue estimate of $2.48 billion.
Shares of GCO traded down $0.20 during midday trading on Thursday, reaching $53.98. The stock had a trading volume of 6,217 shares, compared to its average volume of 259,572. Genesco has a 52 week low of $50.01 and a 52 week high of $73.72. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.56 and a quick ratio of 0.70. The firm’s 50 day moving average price is $59.80 and its 200-day moving average price is $62.82. The company has a market capitalization of $741.15 million, a P/E ratio of 6.96 and a beta of 1.92.
Genesco (NYSE:GCO – Get Rating) last posted its quarterly earnings data on Thursday, May 26th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.53. Genesco had a return on equity of 17.62% and a net margin of 4.61%. The company had revenue of $520.80 million for the quarter, compared to the consensus estimate of $521.05 million. During the same quarter in the previous year, the business earned $0.79 EPS. The company’s quarterly revenue was down 3.3% compared to the same quarter last year. On average, equities analysts forecast that Genesco will post 7.41 earnings per share for the current year.
Hedge funds have recently added to or reduced their stakes in the company. Lazard Asset Management LLC lifted its stake in shares of Genesco by 41.0% in the 1st quarter. Lazard Asset Management LLC now owns 708 shares of the company’s stock valued at $45,000 after purchasing an additional 206 shares during the period. Captrust Financial Advisors grew its holdings in shares of Genesco by 45.2% in the 1st quarter. Captrust Financial Advisors now owns 1,227 shares of the company’s stock valued at $78,000 after acquiring an additional 382 shares in the last quarter. Delphia USA Inc. acquired a new stake in Genesco in the 1st quarter valued at about $294,000. Wellington Management Group LLP acquired a new stake in Genesco in the 1st quarter valued at about $321,000. Finally, Lido Advisors LLC acquired a new stake in Genesco during the first quarter worth approximately $386,000. Institutional investors own 93.60% of the company’s stock.
Genesco Company Profile (Get Rating)
Genesco Inc operates as a retailer and wholesaler of footwear, apparel, and accessories. The company operates through four segments: Journeys Group, Schuh Group, Johnston & Murphy Group, and Licensed Brands. The Journeys Group segment offers footwear and accessories through the Journeys, Journeys Kidz, and Little Burgundy retail chains, as well as through e-commerce and catalogs for young men, women, and children.
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