Genesco Inc. (GCO) Scheduled to Post Quarterly Earnings on Friday
Genesco Inc. (NYSE:GCO) is set to announce its earnings results on Friday, December 2nd. Genesco has set its FY17 guidance at $3.80-4.00 EPS.Investors that wish to listen to the company’s conference call can do so using this link.
Genesco (NYSE:GCO) last issued its earnings results on Thursday, September 1st. The company reported $0.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.07. The firm had revenue of $625.60 million for the quarter. Genesco had a return on equity of 10.65% and a net margin of 3.49%. The company’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.36 EPS. On average, analysts expect Genesco to post $3.90 EPS for the current fiscal year and $4.34 EPS for the next fiscal year.
Shares of Genesco Inc. (NYSE:GCO) opened at 63.30 on Wednesday. The firm has a market cap of $1.31 billion, a P/E ratio of 13.28 and a beta of 1.18. Genesco Inc. has a one year low of $47.66 and a one year high of $74.21. The firm has a 50 day moving average price of $58.58 and a 200-day moving average price of $61.83.
GCO has been the topic of a number of research reports. Susquehanna cut shares of Genesco from a “positive” rating to a “neutral” rating and set a $62.00 price target on the stock. in a report on Thursday, November 17th. Piper Jaffray Cos. reaffirmed a “neutral” rating and issued a $62.00 price target on shares of Genesco in a report on Thursday, September 1st. Zacks Investment Research cut shares of Genesco from a “buy” rating to a “hold” rating in a report on Tuesday, November 15th. TheStreet cut shares of Genesco from a “buy” rating to a “hold” rating in a report on Wednesday, September 14th. Finally, CL King cut shares of Genesco from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 19th. Ten analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Genesco currently has an average rating of “Hold” and a consensus price target of $64.38.
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In related news, insider David Baxter bought 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 20th. The stock was bought at an average cost of $51.34 per share, for a total transaction of $256,700.00. Following the completion of the transaction, the insider now owns 15,644 shares of the company’s stock, valued at $803,162.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Kevin Patrick Mcdermott bought 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 20th. The stock was bought at an average price of $51.39 per share, with a total value of $51,390.00. Following the completion of the transaction, the director now directly owns 2,906 shares of the company’s stock, valued at approximately $149,339.34. The disclosure for this purchase can be found here. Insiders own 3.00% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its position in shares of Genesco by 8,257.9% in the third quarter. Price T Rowe Associates Inc. MD now owns 464,700 shares of the company’s stock valued at $25,308,000 after buying an additional 459,140 shares during the period. Northern Trust Corp raised its position in shares of Genesco by 2.8% in the third quarter. Northern Trust Corp now owns 407,943 shares of the company’s stock valued at $22,217,000 after buying an additional 11,231 shares during the period. Principal Financial Group Inc. raised its position in shares of Genesco by 2.0% in the third quarter. Principal Financial Group Inc. now owns 155,650 shares of the company’s stock valued at $8,476,000 after buying an additional 3,032 shares during the period. Two Sigma Advisers LP bought a new position in shares of Genesco during the third quarter valued at about $3,352,000. Finally, Fiera Capital Corp raised its position in shares of Genesco by 1.1% in the second quarter. Fiera Capital Corp now owns 44,100 shares of the company’s stock valued at $2,836,000 after buying an additional 500 shares during the period. Institutional investors own 96.04% of the company’s stock.
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. Its Journeys Group segment includes Journeys, Journeys Kidz, Shi by Journeys, Little Burgundy and Underground by Journeys retail stores, catalog and e-commerce operations.
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