Public Employees Retirement System of Ohio raised its position in Genesco Inc. (NYSE:GCO) by 8.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,660 shares of the company’s stock after buying an additional 287 shares during the period. Public Employees Retirement System of Ohio’s holdings in Genesco were worth $203,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of GCO. BlackRock Inc. raised its stake in shares of Genesco by 45,756.3% in the first quarter. BlackRock Inc. now owns 2,482,203 shares of the company’s stock worth $137,638,000 after buying an additional 2,476,790 shares during the period. Vanguard Group Inc. raised its stake in shares of Genesco by 0.8% in the first quarter. Vanguard Group Inc. now owns 1,964,020 shares of the company’s stock worth $108,905,000 after buying an additional 15,003 shares during the period. Royce & Associates LP raised its stake in shares of Genesco by 1.2% in the first quarter. Royce & Associates LP now owns 659,510 shares of the company’s stock worth $36,570,000 after buying an additional 7,500 shares during the period. State Street Corp raised its stake in shares of Genesco by 4.1% in the first quarter. State Street Corp now owns 576,694 shares of the company’s stock worth $31,978,000 after buying an additional 22,664 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in shares of Genesco by 13.2% in the first quarter. Ameriprise Financial Inc. now owns 527,988 shares of the company’s stock worth $29,278,000 after buying an additional 61,626 shares during the period.
Shares of Genesco Inc. (GCO) traded down 9.28% on Thursday, reaching $28.35. The company had a trading volume of 139,068 shares. The firm has a market capitalization of $555.46 million, a PE ratio of 6.37 and a beta of 1.24. The firm’s 50 day moving average is $32.28 and its 200 day moving average is $47.25. Genesco Inc. has a 12 month low of $28.33 and a 12 month high of $74.21.
Genesco (NYSE:GCO) last announced its quarterly earnings data on Thursday, May 25th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by $0.22. The company had revenue of $643.40 million during the quarter, compared to analyst estimates of $644.15 million. Genesco had a net margin of 3.07% and a return on equity of 8.41%. The firm’s revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.62 earnings per share. On average, equities research analysts expect that Genesco Inc. will post $3.89 earnings per share for the current fiscal year.
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GCO has been the subject of a number of research analyst reports. BidaskClub lowered Genesco from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th. Susquehanna Bancshares Inc reaffirmed a “positive” rating and set a $43.00 target price (down from $66.00) on shares of Genesco in a research report on Tuesday, May 30th. ValuEngine lowered Genesco from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Zacks Investment Research raised Genesco from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, Jefferies Group LLC set a $62.00 target price on Genesco and gave the company a “hold” rating in a research report on Thursday, April 20th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $48.29.
In other Genesco news, Director Kevin Patrick Mcdermott purchased 1,000 shares of the business’s stock in a transaction on Thursday, July 6th. The shares were bought at an average cost of $32.32 per share, for a total transaction of $32,320.00. Following the completion of the purchase, the director now directly owns 8,657 shares in the company, valued at $279,794.24. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.30% of the stock is owned by company insiders.
Genesco Company Profile
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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