Genesco (NYSE:GCO – Get Rating) released an update on its fiscal 2023 earnings guidance on Sunday morning. The company provided earnings per share (EPS) guidance for the period from $5.50 to $5.90, compared to a consensus estimate of $6.44. The company issued revenue guidance of $2.40 billion from $2.37 billion, while the consensus earnings forecast was $2.38 billion.
Genesco Trading Up 1.1%
NYSE:GCO shares opened Friday at $46.02. The company has a quick ratio of 0.27, a current ratio of 1.53 and a debt to equity ratio of 0.15. Genesco has a 52-week low of $37.54 and a 52-week high of $72.34. The stock has a market cap of $580.31 million, a price/earnings ratio of 6.56 and a beta of 1.90. His 50-day moving average price for this business is $46.61 and his 200-day moving average price is $49.76.
Genesco (NYSE:GCO – Get Rating) last reported quarterly results on Friday, December 2nd. The company reported his earnings per share of $1.65 for the quarter, beating consensus expectations of $1.57 for him by $0.08. Genesco had a net profit margin of 3.98% and a return on equity of 14.34%. The company’s revenue for the quarter was $603.79 million, compared to the consensus forecast of $590.23 million. Equity analysts expect Genesco to post 5.68 EPS this year.
Wall Street Analyst Predicts Growth
Separately, StockNews.com downgraded Genesco shares from Buy to Hold in a research report on Monday, December 5th.
Genesco Institutional Trading
Several hedge funds and other institutional investors have recently bought and sold stocks. Lazard Asset Management LLC boosted his position in Genesco by 41.0% in the first quarter. Lazard Asset Management LLC now owns 708 shares of the company worth $45,000 after purchasing an additional 206 of his shares last quarter. Captrust Financial Advisors increased its holding of Genesco by 45.2% in the first quarter. Captrust Financial Advisors owns 1,227 shares of the company worth $78,000 after purchasing an additional 382 shares in the previous quarter. Teachers Retirement System of Kentucky acquired new shares of Genesco for $177,000 in the third quarter. ExodusPoint Capital Management LP purchased a new position in Genesco for $228,000 in the second quarter. Finally, Delphia USA Inc. acquired a new position worth approximately $294,000 in Genesco stock in the first quarter. 94.27% of the shares are owned by institutional investors and hedge funds.
Genesco Inc operates as a retailer and wholesaler of footwear, apparel and accessories. The company operates in his 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 e-commerce and catalogs for young men, women and children.
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