Genesco Inc. (NYSE:GCO) Chairman Robert J. Dennis bought 25,000 shares of the business’s stock in a transaction on Wednesday, September 6th. The shares were acquired at an average cost of $23.81 per share, with a total value of $595,250.00. Following the purchase, the chairman now owns 224,935 shares of the company’s stock, valued at $5,355,702.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Genesco Inc. (GCO) traded down 2.05% during midday trading on Thursday, hitting $23.85. The stock had a trading volume of 537,902 shares. Genesco Inc. has a 12-month low of $20.90 and a 12-month high of $72.00. The stock 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 cap of $467.29 million, a P/E ratio of 5.36 and a beta of 1.29.

Genesco (NYSE:GCO) last announced its earnings results on Thursday, August 31st. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.06) by $0.04. The business had revenue of $616.50 million for the quarter, compared to analyst estimates of $626.93 million. Genesco had a net margin of 2.43% and a return on equity of 7.36%. The firm’s revenue was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.34 earnings per share. Equities analysts forecast that Genesco Inc. will post $3.40 earnings per share for the current year.

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GCO has been the subject of several recent analyst reports. BidaskClub raised Genesco from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. Susquehanna Bancshares Inc reissued a “positive” rating and set a $43.00 target price (down previously from $66.00) on shares of Genesco in a research note on Tuesday, May 30th. Jefferies Group LLC reissued a “hold” rating and set a $27.00 target price on shares of Genesco in a research note on Thursday, August 31st. ValuEngine cut Genesco from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Zacks Investment Research raised Genesco from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. Genesco currently has a consensus rating of “Hold” and an average target price of $39.00.

Institutional investors have recently made changes to their positions in the company. Quantbot Technologies LP acquired a new stake in shares of Genesco during the first quarter valued at about $105,000. Envestnet Asset Management Inc. grew its stake in shares of Genesco by 26.2% during the first quarter. Envestnet Asset Management Inc. now owns 2,347 shares of the company’s stock valued at $130,000 after acquiring an additional 487 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Genesco by 44.0% during the first quarter. PNC Financial Services Group Inc. now owns 2,538 shares of the company’s stock valued at $142,000 after acquiring an additional 775 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Genesco by 25.1% during the first quarter. SG Americas Securities LLC now owns 2,815 shares of the company’s stock valued at $156,000 after acquiring an additional 565 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its stake in shares of Genesco by 8.5% during the first quarter. Public Employees Retirement System of Ohio now owns 3,660 shares of the company’s stock valued at $203,000 after acquiring an additional 287 shares in the last quarter. Institutional investors own 95.93% of the company’s stock.

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. 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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