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.

Earnings History for Genesco (NYSE:GCO)

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.

TRADEMARK VIOLATION WARNING: “Genesco Inc. (GCO) Scheduled to Post Quarterly Earnings on Friday” was published by Daily Political and is the sole property of of Daily Political. If you are reading this news story on another site, it was illegally stolen and reposted in violation of US & international copyright laws. The legal version of this news story can be viewed at http://www.dailypolitical.com/2016/11/29/genesco-inc-gco-scheduled-to-post-quarterly-earnings-on-friday.html.

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.

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. Its Journeys Group segment includes Journeys, Journeys Kidz, Shi by Journeys, Little Burgundy and Underground by Journeys retail stores, catalog and e-commerce operations.

5 Day Chart for 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 MarketBeat.com's FREE daily email newsletter.