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.
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.
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