Genesco (NYSE:GCO) posted its quarterly earnings results on Friday. The company reported $1.02 EPS for the quarter, missing the Zacks’ consensus estimate of $1.12 by ($0.10), Bloomberg Earnings reports. The firm had revenue of $716.80 million during the quarter, compared to analyst estimates of $706.58 million. Genesco had a return on equity of 7.36% and a net margin of 2.43%. The firm’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter last year, the business posted $1.28 earnings per share.

Shares of Genesco (GCO) traded down $0.15 during mid-day trading on Friday, reaching $31.10. The company’s stock had a trading volume of 939,900 shares, compared to its average volume of 403,604. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.47 and a current ratio of 2.38. Genesco has a 12 month low of $20.90 and a 12 month high of $72.00. The firm has a market capitalization of $619.48, a P/E ratio of 9.06, a P/E/G ratio of 0.94 and a beta of 1.27.

In other Genesco news, Chairman Robert J. Dennis acquired 25,000 shares of Genesco stock in a transaction dated Wednesday, September 6th. The stock was acquired at an average cost of $23.81 per share, for a total transaction of $595,250.00. Following the completion of the transaction, the chairman now owns 224,935 shares in the company, valued at approximately $5,355,702.35. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Mimi Eckel Vaughn acquired 10,000 shares of Genesco stock in a transaction dated Wednesday, September 6th. The shares were acquired at an average price of $24.16 per share, with a total value of $241,600.00. Following the completion of the transaction, the senior vice president now owns 87,140 shares of the company’s stock, valued at approximately $2,105,302.40. The disclosure for this purchase can be found here. Insiders own 3.30% of the company’s stock.

A number of equities analysts recently commented on the company. UBS downgraded Genesco from a “positive” rating to a “neutral” rating in a research note on Monday, August 28th. BidaskClub upgraded Genesco from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. Jefferies Group reiterated a “hold” rating and issued a $27.00 price target on shares of Genesco in a research note on Thursday, October 12th. ValuEngine upgraded Genesco from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, Buckingham Research decreased their target price on Genesco from $38.00 to $23.00 and set a “neutral” rating for the company in a research note on Friday, September 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. Genesco currently has an average rating of “Hold” and an average price target of $33.29.

COPYRIGHT VIOLATION WARNING: “Genesco (GCO) Announces Earnings Results, Misses Estimates By $0.10 EPS” was originally reported by American Banking News and is owned by of American Banking News. If you are accessing this article on another website, it was illegally stolen and republished in violation of U.S. and international copyright law. The legal version of this article can be viewed at

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 for Genesco (NYSE:GCO)

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