Genesco (NYSE:GCO) updated its FY 2019 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $3.35-3.75 for the period, compared to the Thomson Reuters consensus estimate of $3.91. Genesco also updated its FY20 guidance to $3.35-3.75 EPS.

Several research firms recently commented on GCO. ValuEngine raised Genesco from a hold rating to a buy rating in a report on Tuesday, November 27th. Zacks Investment Research cut Genesco from a buy rating to a hold rating in a report on Thursday, February 21st. Pivotal Research reaffirmed a buy rating and issued a $52.00 price target on shares of Genesco in a report on Monday, December 3rd. Piper Jaffray Companies set a $41.00 price target on Genesco and gave the company a hold rating in a report on Friday, November 30th. Finally, TheStreet raised Genesco from a c+ rating to a b rating in a report on Tuesday, January 8th. Nine investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $43.00.

GCO stock opened at $43.13 on Friday. The company has a quick ratio of 0.48, a current ratio of 2.26 and a debt-to-equity ratio of 0.09. The firm has a market cap of $916.54 million, a price-to-earnings ratio of 13.74, a price-to-earnings-growth ratio of 2.51 and a beta of 0.72. Genesco has a 52-week low of $36.60 and a 52-week high of $51.85.

Genesco (NYSE:GCO) last posted its earnings results on Thursday, March 14th. The company reported $2.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.30 by ($0.12). The business had revenue of $675.50 million for the quarter, compared to analyst estimates of $914.85 million. Genesco had a return on equity of 7.21% and a net margin of 2.31%. Genesco’s revenue was down 2.0% compared to the same quarter last year. During the same period last year, the business earned $2.15 EPS. As a group, equities research analysts anticipate that Genesco will post 3.27 earnings per share for the current fiscal year.

Genesco announced that its board has initiated a stock repurchase program on Friday, December 14th that allows the company to buyback $125.00 million in shares. This buyback authorization allows the company to buy up to 14.7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

In other news, Director Marty G. Dickens sold 5,000 shares of the firm’s stock in a transaction on Tuesday, January 29th. The stock was sold at an average price of $49.50, for a total transaction of $247,500.00. Following the completion of the transaction, the director now directly owns 18,578 shares in the company, valued at $919,611. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Robert J. Dennis sold 11,380 shares of the firm’s stock in a transaction on Wednesday, January 23rd. The stock was sold at an average price of $47.14, for a total value of $536,453.20. Following the transaction, the chief executive officer now owns 261,361 shares of the company’s stock, valued at $12,320,557.54. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,880 shares of company stock valued at $807,953. 4.30% of the stock is owned by insiders.

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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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Earnings History and Estimates for Genesco (NYSE:GCO)

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