Q3 2024 EPS Estimates for Genesco Inc. Boosted by Jefferies Financial Group (NYSE:GCO)

Genesco Inc. (NYSE:GCO – Get Rating) – Investment analysts at Jefferies Financial Group raised their Q3 2024 earnings per share estimates for shares of Genesco in a research report issued to clients and investors on Friday, March 10th. Jefferies Financial Group analyst C. Tarlowe now anticipates that the company will post earnings per share of $2.49 for the quarter, up from their previous forecast of $2.34. The consensus estimate for Genesco’s current full-year earnings is $5.50 per share. Jefferies Financial Group also issued estimates for Genesco’s Q1 2025 earnings at $0.13 EPS, Q2 2025 earnings at $0.29 EPS, Q3 2025 earnings at $2.62 EPS, Q4 2025 earnings at $3.50 EPS and FY2025 earnings at $6.50 EPS.

Separately, StockNews.com cut Genesco from a “buy” rating to a “hold” rating in a report on Monday, December 5th.

Genesco Trading Up 1.3 %

Genesco stock opened at $41.84 on Monday. Genesco has a 52 week low of $37.54 and a 52 week high of $72.34. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.27 and a current ratio of 1.59. The stock has a market capitalization of $527.60 million, a P/E ratio of 7.19 and a beta of 1.95. The stock has a 50-day simple moving average of $46.31 and a 200 day simple moving average of $46.10.

Genesco (NYSE:GCO – Get Rating) last released its earnings results on Thursday, March 9th. The company reported $3.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.02 by $0.04. The business had revenue of $725.00 million for the quarter, compared to the consensus estimate of $727.43 million. Genesco had a return on equity of 12.23% and a net margin of 3.02%. Genesco’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.48 earnings per share.

Hedge Funds Weigh In On Genesco

A number of hedge funds and other institutional investors have recently bought and sold shares of GCO. Alliancebernstein L.P. boosted its holdings in shares of Genesco by 13.4% during the fourth quarter. Alliancebernstein L.P. now owns 671,250 shares of the company’s stock worth $30,891,000 after acquiring an additional 79,167 shares during the period. Squarepoint Ops LLC grew its stake in shares of Genesco by 8.8% in the fourth quarter. Squarepoint Ops LLC now owns 119,355 shares of the company’s stock worth $5,493,000 after purchasing an additional 9,687 shares during the last quarter. Legion Partners Asset Management LLC boosted its position in Genesco by 0.6% during the fourth quarter. Legion Partners Asset Management LLC now owns 928,042 shares of the company’s stock valued at $42,708,000 after acquiring an additional 5,862 shares during the last quarter. Morgan Stanley boosted its position in Genesco by 11.3% during the fourth quarter. Morgan Stanley now owns 138,835 shares of the company’s stock valued at $6,389,000 after acquiring an additional 14,149 shares during the last quarter. Finally, Algert Global LLC bought a new position in shares of Genesco during the 4th quarter worth about $481,000. Institutional investors own 94.27% of the company’s stock.

About Genesco

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Genesco, Inc engages in the retail and sale of footwear, apparel, and accessories. It operates through the following segments: Journeys Group, Schuh Group, Johnston & Murphy Group, and Licensed Brands. The Journeys Group segment contains the Journeys, Journeys Kidz, Shi by Journeys and Little Burgundy retail stores, catalog and e-commerce operations.