SG Americas Securities LLC boosted its stake in shares of Genesco Inc. (NYSE:GCO) by 182.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,962 shares of the company’s stock after buying an additional 5,147 shares during the quarter. SG Americas Securities LLC’s holdings in Genesco were worth $270,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in GCO. Thrivent Financial For Lutherans raised its holdings in shares of Genesco by 0.4% in the 1st quarter. Thrivent Financial For Lutherans now owns 11,300 shares of the company’s stock valued at $627,000 after purchasing an additional 40 shares in the last quarter. M&T Bank Corp raised its holdings in shares of Genesco by 1.1% in the 1st quarter. M&T Bank Corp now owns 4,139 shares of the company’s stock valued at $229,000 after purchasing an additional 45 shares in the last quarter. Mason Street Advisors LLC raised its holdings in shares of Genesco by 3.1% in the 1st quarter. Mason Street Advisors LLC now owns 4,647 shares of the company’s stock valued at $258,000 after purchasing an additional 140 shares in the last quarter. Capstone Asset Management Co. raised its holdings in shares of Genesco by 1.7% in the 2nd quarter. Capstone Asset Management Co. now owns 8,180 shares of the company’s stock valued at $277,000 after purchasing an additional 140 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its holdings in shares of Genesco by 8.5% in the 1st quarter. Public Employees Retirement System of Ohio now owns 3,660 shares of the company’s stock valued at $203,000 after purchasing an additional 287 shares in the last quarter. Institutional investors own 95.93% of the company’s stock.
Genesco Inc. (GCO) opened at 26.25 on Friday. The company’s 50 day moving average is $26.94 and its 200 day moving average is $40.80. The company has a market cap of $522.87 million, a price-to-earnings ratio of 7.37 and a beta of 1.29. Genesco Inc. has a 1-year low of $20.90 and a 1-year high of $72.00.
Genesco (NYSE:GCO) last posted its quarterly earnings data on Thursday, August 31st. The company reported ($0.10) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($0.04). The business had revenue of $616.50 million during the quarter, compared to analysts’ expectations of $626.93 million. Genesco had a net margin of 2.43% and a return on equity of 7.36%. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.34 EPS. Equities research analysts forecast that Genesco Inc. will post $3.38 EPS for the current year.
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GCO has been the subject of several recent research reports. Zacks Investment Research lowered shares of Genesco from a “hold” rating to a “strong sell” rating in a report on Thursday, June 1st. Jefferies Group LLC restated a “hold” rating and issued a $27.00 price target on shares of Genesco in a report on Thursday, August 31st. BidaskClub lowered shares of Genesco from a “sell” rating to a “strong sell” rating in a report on Monday, August 14th. Morgan Stanley reduced their price target on shares of Genesco from $38.00 to $28.00 and set an “equal weight” rating for the company in a report on Wednesday. Finally, Susquehanna Bancshares Inc restated a “neutral” rating and issued a $29.00 price target (down previously from $43.00) on shares of Genesco in a report on Monday, August 28th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $37.57.
In other news, Director Kevin Patrick Mcdermott bought 1,000 shares of Genesco stock in a transaction that occurred on Thursday, July 6th. The shares were purchased at an average price of $32.32 per share, with a total value of $32,320.00. Following the completion of the acquisition, the director now directly owns 8,657 shares in the company, valued at $279,794.24. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Robert J. Dennis bought 25,000 shares of Genesco stock in a transaction that occurred on Wednesday, September 6th. The stock was purchased at an average cost of $23.81 per share, for a total transaction of $595,250.00. Following the acquisition, the chairman now owns 224,935 shares of the company’s stock, valued at $5,355,702.35. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 36,000 shares of company stock worth $869,170. 3.30% of the stock is owned by corporate insiders.
Genesco Inc is a retailer and wholesaler of footwear, apparel and accessories. The Company operates in five segments: Journeys Group, Schuh Group, Lids Sports Group, Johnston & Murphy Group and Licensed Brands. It relies on independent third-party manufacturers for production of its footwear products sold at wholesale.
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