Genesco Inc. (NYSE:GCO) insider David Baxter purchased 5,000 shares of the business’s stock in a transaction dated Tuesday, September 20th. The shares were purchased at an average price of $51.34 per share, for a total transaction of $256,700.00. Following the acquisition, the insider now directly owns 15,644 shares of the company’s stock, valued at $803,162.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Genesco Inc. (NYSE:GCO) opened at 51.90 on Thursday. Genesco Inc. has a 52-week low of $47.66 and a 52-week high of $74.21. The firm has a 50-day moving average of $62.60 and a 200 day moving average of $65.68. The company has a market capitalization of $1.07 billion, a P/E ratio of 10.89 and a beta of 1.10.

Genesco (NYSE:GCO) last released its quarterly earnings data on Thursday, September 1st. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.07. Genesco had a net margin of 3.49% and a return on equity of 10.65%. The business had revenue of $625.60 million for the quarter. During the same period in the previous year, the business earned $0.36 EPS. The firm’s revenue was down 4.6% compared to the same quarter last year. On average, analysts anticipate that Genesco Inc. will post $3.89 EPS for the current year.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its position in Genesco by 16.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,775,683 shares of the company’s stock valued at $114,194,000 after buying an additional 244,395 shares during the last quarter. Friess Associates LLC purchased a new position in Genesco during the second quarter valued at $7,055,000. Royce & Associates LP raised its position in Genesco by 11.4% in the second quarter. Royce & Associates LP now owns 848,439 shares of the company’s stock valued at $54,563,000 after buying an additional 87,085 shares during the last quarter. Emerald Acquisition Ltd. purchased a new position in Genesco during the second quarter valued at $4,623,000. Finally, William Blair Investment Management LLC raised its position in Genesco by 28.5% in the second quarter. William Blair Investment Management LLC now owns 239,768 shares of the company’s stock valued at $15,419,000 after buying an additional 53,181 shares during the last quarter. 93.55% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have recently issued reports on GCO. B. Riley restated a “neutral” rating and set a $75.00 price target on shares of Genesco in a report on Tuesday, August 30th. Jefferies Group restated a “hold” rating on shares of Genesco in a report on Sunday, May 29th. Zacks Investment Research lowered shares of Genesco from a “hold” rating to a “sell” rating in a report on Tuesday, August 2nd. Piper Jaffray Cos. restated a “neutral” rating and set a $62.00 price target on shares of Genesco in a report on Thursday, September 1st. Finally, Morgan Stanley lowered shares of Genesco from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $79.00 to $74.00 in a research note on Wednesday, July 20th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $63.75.

About Genesco

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.

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