Genesco (GCO) Issues FY18 Earnings Guidance

Genesco (NYSE:GCO) updated its FY18 earnings guidance on Friday. The company provided EPS guidance of $3.05-3.35 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.39.

A number of equities analysts have recently commented on the stock. Piper Jaffray Companies set a $35.00 price target on shares of Genesco and gave the company a buy rating in a research report on Wednesday. Buckingham Research lifted their price target on shares of Genesco from $23.00 to $30.00 and gave the company a neutral rating in a research report on Monday, November 20th. Susquehanna Bancshares reissued a hold rating and issued a $30.00 price target on shares of Genesco in a research report on Tuesday. BidaskClub lowered shares of Genesco from a sell rating to a strong sell rating in a research report on Monday, August 14th. Finally, UBS lowered shares of Genesco from a positive rating to a neutral rating in a research report on Monday, August 28th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. Genesco presently has a consensus rating of Hold and a consensus target price of $33.29.

Shares of Genesco (NYSE:GCO) traded down $0.15 during mid-day trading on Friday, reaching $31.10. 939,900 shares of the company were exchanged, compared to its average volume of 403,604. Genesco has a fifty-two week low of $20.90 and a fifty-two week high of $72.00. The company has a market capitalization of $619.48, a price-to-earnings ratio of 9.06, a P/E/G ratio of 0.94 and a beta of 1.27. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.38 and a quick ratio of 0.47.

Genesco (NYSE:GCO) last announced its earnings results on Friday, December 1st. The company reported $1.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.12 by ($0.10). Genesco had a return on equity of 7.36% and a net margin of 2.43%. The company had revenue of $716.80 million for the quarter, compared to the consensus estimate of $706.58 million. During the same period last year, the firm posted $1.28 EPS. The company’s revenue was up .8% compared to the same quarter last year. equities analysts anticipate that Genesco will post 3.42 EPS for the current fiscal year.

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

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Genesco Company Profile

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)

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