Genesco Inc. (NYSE:GCO) SVP Mimi Eckel Vaughn acquired 10,000 shares of the firm’s stock in a transaction on Wednesday, September 6th. The stock was purchased at an average price of $24.16 per share, for a total transaction of $241,600.00. Following the transaction, the senior vice president now directly owns 87,140 shares of the company’s stock, valued at approximately $2,105,302.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Genesco Inc. (NYSE GCO) traded down 2.05% during midday trading on Thursday, reaching $23.85. 537,902 shares of the company traded hands. The company has a 50 day moving average price of $28.26 and a 200-day moving average price of $42.30. The stock has a market capitalization of $467.29 million, a P/E ratio of 5.36 and a beta of 1.29. Genesco Inc. has a one year low of $20.90 and a one year high of $72.00.

Genesco (NYSE:GCO) last posted its quarterly earnings results 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 company had revenue of $616.50 million during the quarter, compared to analysts’ expectations of $626.93 million. Genesco had a return on equity of 7.36% and a net margin of 2.43%. The company’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.34 EPS. Analysts forecast that Genesco Inc. will post $3.40 EPS for the current fiscal year.

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A number of equities analysts have issued reports on GCO shares. B. Riley restated a “buy” rating and issued a $50.00 price objective on shares of Genesco in a research report on Thursday, June 1st. ValuEngine upgraded shares of Genesco from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th. Piper Jaffray Companies set a $39.00 price target on shares of Genesco and gave the company a “buy” rating in a research report on Saturday, June 24th. Morgan Stanley reiterated an “equal weight” rating and set a $38.00 price target (down previously from $59.00) on shares of Genesco in a research report on Thursday, June 1st. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $48.00 price target on shares of Genesco in a research report on Friday, July 14th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $39.00.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Thrivent Financial For Lutherans increased its position in Genesco by 0.4% during 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 during the period. M&T Bank Corp increased its position in Genesco by 1.1% during 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 during the period. Mason Street Advisors LLC increased its position in Genesco by 3.1% during 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 during the period. Capstone Asset Management Co. increased its position in Genesco by 1.7% during 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 during the period. Finally, Public Employees Retirement System of Ohio increased its position in Genesco by 8.5% during 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 during the period. 95.93% of the stock is currently owned by institutional investors and hedge funds.

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.

Insider Buying and Selling by Quarter for Genesco (NYSE:GCO)

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