) attained a 52-week high of $80.52 on the last trading day,
eventually closing at $78.79. Moreover, the company has amassed a
return of 32.7% over the past one year.
Genesco is currently trading at a forward P/E of 14.2x, a 15.3%
discount to the peer group average of 16.76x. Average volume of
shares traded in the last 3 months is $174.9K. Also, the company
has long-term growth rate of 15%, marginally above the peer group
average of 14.8%.
The stock has been gaining momentum following its fourth quarter
fiscal 2014 earnings results, since when the company's shares
have gained 7.2% to date.
Although this Zacks Rank #4 (Sell) company's earnings missed
estimates this past quarter, over the last 14 quarters it has
delivered an average positive earnings surprise of 26.7%. Its
fourth-quarter earnings of $2.16 per share came in line with its
prior-year figure. Also, for the full year, the company's
adjusted earnings from continuing operations came in at $5.09 per
share, slightly above the fiscal 2013 earnings of $5.06.
Genesco's Lids Sports Group and Johnston & Murphy Group
performed well as they delivered positive comparable store sales
(comps) of 4% and 11%, respectively. Partly offset by a 7% comps
decline at Schuh Group and flat comps at Journeys Group. Overall
comps at Genesco rose by 1%. Excluding the effect of one extra
week in the fourth quarter of fiscal 2013, quarterly net sales
increased 4% year over year.
Genesco's lower cost of sales, as a percentage of sales
facilitated gross margin expansion of 50 basis points (bps) to
48.7%, which in turn led to a 10 bps improvement in the adjusted
operating margin of 10.4%.
Further, the company's focus on its expansion plans is well
evident from the introduction of 48 new stores and acquisition of
8 new stores during the fourth quarter. These new stores are
likely to augment Genesco's top line and enhance results, making
investors positive on the company.
Apart from Genesco,
Foot Locker, Inc.
Hill International, Inc.
) hit 52 week highs of $43.61, $46.94 and $5.09, respectively on
the last trading day.
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HILL INTL INC (HIL): Free Stock Analysis
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