FY2020 Earnings Estimate for Genesco Inc. (NYSE:GCO) Issued By Jefferies Financial Group

Genesco Inc. (NYSE:GCO) – Stock analysts at Jefferies Financial Group raised their FY2020 EPS estimates for Genesco in a research note issued on Monday, December 9th. Jefferies Financial Group analyst J. Stichter now forecasts that the company will earn $4.25 per share for the year, up from their prior forecast of $4.06.

Genesco (NYSE:GCO) last issued its earnings results on Friday, December 6th. The company reported $1.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.23. Genesco had a negative net margin of 1.74% and a positive return on equity of 10.97%. The company had revenue of $537.30 million during the quarter, compared to analysts’ expectations of $540.64 million. During the same period last year, the company posted $0.95 earnings per share. The firm’s quarterly revenue was down .5% compared to the same quarter last year.

Other equities analysts also recently issued reports about the company. Zacks Investment Research cut Genesco from a “strong-buy” rating to a “hold” rating in a report on Monday, November 11th. Pivotal Research boosted their target price on Genesco from $51.00 to $57.00 in a research report on Monday. Robert W. Baird upped their target price on Genesco from $40.00 to $52.00 and gave the company a “neutral” rating in a report on Monday. Finally, Susquehanna Bancshares restated a “buy” rating and issued a $56.00 price target on shares of Genesco in a research report on Friday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $53.00.

GCO opened at $50.97 on Tuesday. The stock has a market cap of $732.24 million, a P/E ratio of 15.54, a P/E/G ratio of 2.30 and a beta of 0.49. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.34 and a quick ratio of 0.28. The stock’s 50 day simple moving average is $39.68 and its 200 day simple moving average is $39.84. Genesco has a 1-year low of $31.65 and a 1-year high of $52.52.

Large investors have recently bought and sold shares of the business. Aperio Group LLC grew its position in shares of Genesco by 2.6% in the second quarter. Aperio Group LLC now owns 52,162 shares of the company’s stock valued at $2,206,000 after purchasing an additional 1,321 shares during the last quarter. Municipal Employees Retirement System of Michigan grew its holdings in Genesco by 41.7% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 8,330 shares of the company’s stock valued at $352,000 after buying an additional 2,450 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in Genesco during the 2nd quarter valued at $112,000. Swiss National Bank grew its holdings in Genesco by 2.2% during the 2nd quarter. Swiss National Bank now owns 37,600 shares of the company’s stock valued at $1,590,000 after buying an additional 800 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new position in Genesco during the second quarter worth $327,000.

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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Earnings History and Estimates for Genesco (NYSE:GCO)

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