Genesco Inc. (NYSE:GCO) insider David Baxter bought 5,000 shares of Genesco stock in a transaction on Tuesday, September 20th. The stock was acquired at an average price of $51.34 per share, for a total transaction of $256,700.00. Following the purchase, the insider now owns 15,644 shares of the company’s stock, valued at $803,162.96. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of Genesco Inc. (NYSE:GCO) opened at 53.35 on Monday. The company’s 50-day moving average price is $61.81 and its 200-day moving average price is $65.50. The company has a market cap of $1.10 billion, a P/E ratio of 11.19 and a beta of 1.10. Genesco Inc. has a 12 month low of $47.66 and a 12 month high of $74.21.
Genesco (NYSE:GCO) last posted its earnings results on Thursday, September 1st. The company reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.07. Genesco had a return on equity of 10.65% and a net margin of 3.49%. The company had revenue of $625.60 million for the quarter. During the same quarter in the prior year, the firm earned $0.36 EPS. Genesco’s revenue for the quarter was down 4.6% compared to the same quarter last year. Equities analysts forecast that Genesco Inc. will post $3.89 EPS for the current fiscal year.
A number of large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its stake in Genesco by 16.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,775,683 shares of the company’s stock worth $114,194,000 after buying an additional 244,395 shares in the last quarter. Friess Associates LLC acquired a new stake in Genesco during the second quarter worth approximately $7,055,000. Royce & Associates LP increased its stake in Genesco by 11.4% in the second quarter. Royce & Associates LP now owns 848,439 shares of the company’s stock worth $54,563,000 after buying an additional 87,085 shares in the last quarter. Emerald Acquisition Ltd. acquired a new stake in Genesco during the second quarter worth approximately $4,623,000. Finally, William Blair Investment Management LLC increased its stake in Genesco by 28.5% in the second quarter. William Blair Investment Management LLC now owns 239,768 shares of the company’s stock worth $15,419,000 after buying an additional 53,181 shares in the last quarter. Institutional investors own 93.55% of the company’s stock.
A number of analysts have weighed in on the company. B. Riley reiterated a “neutral” rating and issued a $56.00 target price on shares of Genesco in a research note on Sunday, September 4th. Jefferies Group reiterated a “hold” rating on shares of Genesco in a research note on Sunday, May 29th. Zacks Investment Research downgraded Genesco from a “hold” rating to a “sell” rating in a research report on Tuesday, August 2nd. Piper Jaffray Cos. reissued a “neutral” rating and set a $62.00 price target on shares of Genesco in a research report on Thursday, September 1st. Finally, Morgan Stanley downgraded Genesco from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $79.00 to $74.00 in a research report on Wednesday, July 20th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $63.75.
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. Its Journeys Group segment includes Journeys, Journeys Kidz, Shi by Journeys, Little Burgundy and Underground by Journeys retail stores, catalog and e-commerce operations.
Receive News & Ratings for Genesco Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genesco Inc. and related companies with MarketBeat.com's FREE daily email newsletter.