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. The Schuh Group segment operates Schuh retail footwear stores that offer casual and athletic footwear, as well as sells footwear through e-commerce. The Johnston & Murphy Group segment is involved in the retail and e-commerce operations; and wholesale distribution of men's dress and casual footwear, apparel, and accessories, as well as women's footwear and accessories. The Licensed Brands segment markets footwear under the Levi's, Dockers, and G.H. Bass brands for men, women, and children, as well as designs and manufactures the STARTER and ETONIC brands footwear. As of January 29, 2022, the company operated approximately 1,425 retail stores in the United States, Puerto Rico, Canada, the United Kingdom, and the Republic of Ireland primarily under the Journeys, Journeys Kidz, Schuh, Little Burgundy, and Johnston & Murphy names. Its e-commerce websites include journeys.com, journeyskidz.com, journeys.ca, schuh.co.uk, schuh.ie, schuh.eu, johnstonmurphy.com, littleburgundyshoes.com, johnstonmurphy.ca, nashvilleshoewarehouse.com, and dockersshoes.com. Genesco Inc. was incorporated in 1924 and is headquartered in Nashville, Tennessee.
Analyst Ratings Changes
Separately, TheStreet lowered Genesco from a "b" rating to a "c+" rating in a research note on Thursday, May 26th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $69.50.
Genesco Price Performance
Shares of NYSE:GCO traded up $1.25 on Friday, hitting $64.29. The stock had a trading volume of 91,563 shares, compared to its average volume of 195,277. The firm's 50 day moving average price is $55.29 and its 200-day moving average price is $61.08. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.70 and a current ratio of 1.56. Genesco has a twelve month low of $48.54 and a twelve month high of $73.72. The company has a market capitalization of $882.64 million, a price-to-earnings ratio of 8.26 and a beta of 1.87.
Genesco (NYSE:GCO - Get Rating) last announced its quarterly earnings results on Thursday, May 26th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.53. The firm had revenue of $520.80 million during the quarter, compared to the consensus estimate of $521.05 million. Genesco had a net margin of 4.61% and a return on equity of 17.62%. The firm's quarterly revenue was down 3.3% on a year-over-year basis. During the same period last year, the firm posted $0.79 EPS. On average, equities research analysts predict that Genesco will post 7.41 earnings per share for the current year.