Genesco (GCO) Announces Quarterly Earnings Results
Genesco (NYSE:GCO) posted its earnings results on Thursday. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.09, MarketWatch Earnings reports. The company had revenue of $713.10 million for the quarter, compared to analyst estimates of $712.06 million. Genesco had a net margin of 2.31% and a return on equity of 7.20%. Genesco’s revenue was down .5% on a year-over-year basis. During the same period in the previous year, the business posted $1.02 EPS. Genesco updated its FY 2019 guidance to $3.10-3.40 EPS and its FY19 guidance to $3.15-3.40 EPS.
Shares of GCO stock opened at $43.95 on Friday. The company has a current ratio of 2.26, a quick ratio of 0.53 and a debt-to-equity ratio of 0.09. Genesco has a one year low of $28.25 and a one year high of $51.85. The company has a market capitalization of $887.07 million, a PE ratio of 14.00, a P/E/G ratio of 1.82 and a beta of 1.03.
Several hedge funds have recently modified their holdings of the company. Wells Fargo & Company MN lifted its holdings in shares of Genesco by 1.9% in the 3rd quarter. Wells Fargo & Company MN now owns 63,917 shares of the company’s stock worth $3,010,000 after acquiring an additional 1,211 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of Genesco by 3.4% in the 2nd quarter. Legal & General Group Plc now owns 68,849 shares of the company’s stock worth $2,748,000 after acquiring an additional 2,238 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in shares of Genesco by 25.4% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 11,649 shares of the company’s stock worth $462,000 after acquiring an additional 2,363 shares during the last quarter. NumerixS Investment Technologies Inc acquired a new position in shares of Genesco in the 2nd quarter worth approximately $106,000. Finally, Pinebridge Investments L.P. lifted its holdings in shares of Genesco by 8.5% in the 2nd quarter. Pinebridge Investments L.P. now owns 37,975 shares of the company’s stock worth $1,508,000 after acquiring an additional 2,990 shares during the last quarter.
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Genesco Company Profile
Genesco Inc retails and wholesales footwear, apparel, and accessories. The company operates in five segments: Journeys Group, Schuh Group, Lids Sports Group, Johnston & Murphy Group, and Licensed Brands. The Journeys Group segment offers footwear and accessories through the Journeys, Journeys Kidz, Shi by Journeys, and Little Burgundy retail chains, as well as through e-commerce and catalogs for young men, women, and children.
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