Genesco Inc. (NYSE:GCO) – Investment analysts at Jefferies Group cut their FY2018 EPS estimates for Genesco in a report issued on Monday. Jefferies Group analyst J. Stichter now anticipates that the company will earn $3.09 per share for the year, down from their previous estimate of $3.10. Jefferies Group currently has a “Buy” rating on the stock. Jefferies Group also issued estimates for Genesco’s Q4 2018 earnings at $2.11 EPS.

Genesco (NYSE:GCO) last announced its quarterly earnings data on Friday, December 1st. The company reported $1.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.12 by ($0.10). The firm had revenue of $716.80 million for the quarter, compared to the consensus estimate of $706.58 million. Genesco had a positive return on equity of 6.93% and a negative net margin of 4.24%. The business’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter last year, the business earned $1.28 earnings per share.

A number of other research firms have also recently issued reports on GCO. Robert W. Baird reiterated a “hold” rating and issued a $35.00 target price on shares of Genesco in a research note on Wednesday, January 3rd. SunTrust Banks raised their target price on Genesco to $39.00 and gave the company a “buy” rating in a research note on Tuesday. Zacks Investment Research upgraded Genesco from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 4th. ValuEngine cut Genesco from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Finally, Piper Jaffray Companies set a $35.00 target price on Genesco and gave the company a “buy” rating in a research note on Wednesday, November 29th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $34.25.

Genesco (NYSE GCO) traded down $0.45 during mid-day trading on Wednesday, reaching $33.70. The company’s stock had a trading volume of 942,100 shares, compared to its average volume of 750,233. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.31 and a quick ratio of 0.47. The company has a market capitalization of $669.08, a PE ratio of -5.35, a price-to-earnings-growth ratio of 1.12 and a beta of 1.37. Genesco has a 12 month low of $20.90 and a 12 month high of $65.70.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC bought a new stake in shares of Genesco during the second quarter valued at about $144,000. Public Employees Retirement System of Ohio raised its stake in shares of Genesco by 16.9% during the second quarter. Public Employees Retirement System of Ohio now owns 4,278 shares of the company’s stock valued at $145,000 after purchasing an additional 618 shares in the last quarter. Pinnacle Financial Partners Inc. bought a new stake in shares of Genesco during the third quarter valued at about $226,000. Crossmark Global Holdings Inc. bought a new stake in shares of Genesco during the third quarter valued at about $240,000. Finally, Pacad Investment Ltd. raised its stake in shares of Genesco by 109.7% during the second quarter. Pacad Investment Ltd. now owns 7,550 shares of the company’s stock valued at $256,000 after purchasing an additional 3,950 shares in the last quarter. Institutional investors and hedge funds own 97.65% 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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