Genesco (NYSE:GCO) updated its FY 2020 earnings guidance on Friday. The company provided EPS guidance of $3.80-4.20 for the period. Genesco also updated its FY20 guidance to $3.80-4.20 EPS.
A number of equities analysts have commented on the company. Zacks Investment Research lowered Genesco from a strong-buy rating to a hold rating in a research note on Wednesday, July 31st. Susquehanna Bancshares upgraded Genesco from a neutral rating to a positive rating and decreased their price target for the company from $47.00 to $42.00 in a research note on Tuesday, August 27th. Pivotal Research reiterated a hold rating and issued a $45.00 price target on shares of Genesco in a research note on Monday, June 3rd. TheStreet lowered Genesco from a b rating to a c+ rating in a research note on Wednesday, June 5th. Finally, ValuEngine lowered Genesco from a hold rating to a sell rating in a research note on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $42.40.
Shares of GCO traded up $0.79 during midday trading on Friday, hitting $36.14. The company’s stock had a trading volume of 1,209,880 shares, compared to its average volume of 366,845. Genesco has a one year low of $31.65 and a one year high of $50.73. The company’s fifty day simple moving average is $36.52 and its two-hundred day simple moving average is $42.29. The company has a quick ratio of 0.64, a current ratio of 1.65 and a debt-to-equity ratio of 1.13. The stock has a market capitalization of $584.49 million, a price-to-earnings ratio of 11.02, a price-to-earnings-growth ratio of 1.93 and a beta of 0.53.
Genesco (NYSE:GCO) last issued its quarterly earnings results on Friday, September 6th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.18. Genesco had a positive return on equity of 8.85% and a negative net margin of 1.70%. The company had revenue of $486.57 million for the quarter, compared to analyst estimates of $491.65 million. During the same quarter last year, the company posted $0.04 EPS. The company’s revenue for the quarter was down .1% compared to the same quarter last year. On average, research analysts predict that Genesco will post 4 earnings per share for the current year.
In related news, VP Mario Gallione sold 2,049 shares of the firm’s stock in a transaction on Friday, July 19th. The stock was sold at an average price of $40.31, for a total transaction of $82,595.19. Following the sale, the vice president now owns 36,309 shares of the company’s stock, valued at approximately $1,463,615.79. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Thurgood Marshall, Jr. sold 1,690 shares of the firm’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $44.57, for a total value of $75,323.30. Following the sale, the director now directly owns 9,724 shares in the company, valued at approximately $433,398.68. The disclosure for this sale can be found here. Company insiders own 4.40% of the company’s stock.
Genesco Company Profile
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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