Equities analysts predict that Genesco Inc. (NYSE:GCO) will post $2.26 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Genesco’s earnings, with the highest EPS estimate coming in at $2.31 and the lowest estimate coming in at $2.19. Genesco posted earnings per share of $2.15 in the same quarter last year, which suggests a positive year over year growth rate of 5.1%. The company is scheduled to issue its next quarterly earnings report on Thursday, March 21st.

On average, analysts expect that Genesco will report full-year earnings of $3.22 per share for the current fiscal year, with EPS estimates ranging from $3.12 to $3.28. For the next year, analysts expect that the company will post earnings of $3.54 per share, with EPS estimates ranging from $3.40 to $3.68. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Genesco.

Genesco (NYSE:GCO) last announced its earnings results on Thursday, December 6th. The company reported $0.95 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.09. The company had revenue of $713.10 million during the quarter, compared to the consensus estimate of $712.06 million. Genesco had a net margin of 2.31% and a return on equity of 7.20%. The firm’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.02 earnings per share.

Several analysts have recently commented on the stock. Pivotal Research upgraded shares of Genesco from a “hold” rating to a “buy” rating and increased their target price for the company from $44.00 to $54.00 in a report on Thursday, August 30th. Macquarie increased their target price on shares of Genesco from $28.00 to $32.00 and gave the company a “hold” rating in a report on Monday, September 10th. Zacks Investment Research upgraded shares of Genesco from a “sell” rating to a “hold” rating and set a $53.00 target price for the company in a report on Tuesday, September 11th. ValuEngine upgraded shares of Genesco from a “hold” rating to a “buy” rating in a report on Tuesday, November 27th. Finally, Piper Jaffray Companies set a $41.00 target price on shares of Genesco and gave the company a “hold” rating in a report on Friday, November 30th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $41.78.

Shares of GCO stock traded up $0.81 on Friday, hitting $42.93. The stock had a trading volume of 469,094 shares, compared to its average volume of 298,795. The company has a market cap of $850.52 million, a P/E ratio of 13.67, a P/E/G ratio of 1.75 and a beta of 1.03. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.26 and a quick ratio of 0.48. Genesco has a 12-month low of $30.25 and a 12-month high of $51.85.

Genesco declared that its board has authorized a stock buyback plan on Friday, December 14th that authorizes the company to buyback $125.00 million in shares. This buyback authorization authorizes the company to reacquire up to 14.7% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Wells Fargo & Company MN grew its position in Genesco by 1.9% during the third quarter. Wells Fargo & Company MN now owns 63,917 shares of the company’s stock valued at $3,010,000 after buying an additional 1,211 shares during the period. Legal & General Group Plc grew its position in Genesco by 3.4% during the second quarter. Legal & General Group Plc now owns 68,849 shares of the company’s stock valued at $2,748,000 after buying an additional 2,238 shares during the period. State Board of Administration of Florida Retirement System grew its position in Genesco by 25.4% during the second quarter. State Board of Administration of Florida Retirement System now owns 11,649 shares of the company’s stock valued at $462,000 after buying an additional 2,363 shares during the period. NumerixS Investment Technologies Inc bought a new position in Genesco during the second quarter valued at about $106,000. Finally, Pinebridge Investments L.P. grew its position in Genesco by 8.5% during the second quarter. Pinebridge Investments L.P. now owns 37,975 shares of the company’s stock valued at $1,508,000 after buying an additional 2,990 shares during the period.

About Genesco

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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