Russell Investments Group Ltd. grew its position in shares of Genesco Inc. (NYSE:GCO) by 46.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 154,146 shares of the company’s stock after buying an additional 48,557 shares during the period. Russell Investments Group Ltd. owned about 0.93% of Genesco worth $6,520,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale bought a new position in Genesco during the 2nd quarter worth approximately $112,000. NumerixS Investment Technologies Inc lifted its holdings in Genesco by 500.0% during the 1st quarter. NumerixS Investment Technologies Inc now owns 3,600 shares of the company’s stock worth $164,000 after buying an additional 3,000 shares during the last quarter. Piedmont Investment Advisors Inc. lifted its holdings in Genesco by 5.7% during the 1st quarter. Piedmont Investment Advisors Inc. now owns 5,072 shares of the company’s stock worth $231,000 after buying an additional 275 shares during the last quarter. Schroder Investment Management Group bought a new stake in shares of Genesco in the 2nd quarter worth approximately $234,000. Finally, Wedge Capital Management L L P NC bought a new stake in shares of Genesco in the 1st quarter worth approximately $311,000. 94.82% of the stock is currently owned by institutional investors.
In related news, VP Mario Gallione sold 2,049 shares of the firm’s stock in a transaction that occurred on Friday, July 19th. The stock was sold at an average price of $40.31, for a total value of $82,595.19. Following the sale, the vice president now directly owns 36,309 shares in the company, valued at approximately $1,463,615.79. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Thurgood Marshall, Jr. sold 1,690 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $44.57, for a total value of $75,323.30. Following the completion of the sale, the director now owns 9,724 shares in the company, valued at $433,398.68. The disclosure for this sale can be found here. 4.40% of the stock is owned by company insiders.
Shares of NYSE GCO traded up $0.19 during mid-day trading on Thursday, hitting $43.36. The company had a trading volume of 7,261 shares, compared to its average volume of 328,231. The stock has a market cap of $709.23 million, a price-to-earnings ratio of 13.23, a PEG ratio of 2.04 and a beta of 0.53. Genesco Inc. has a 12 month low of $31.65 and a 12 month high of $50.73. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.43 and a quick ratio of 0.32. The firm’s 50 day simple moving average is $36.45 and its two-hundred day simple moving average is $42.12.
Genesco (NYSE:GCO) last announced its quarterly earnings results on Friday, September 6th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.18. Genesco had a positive return on equity of 9.83% and a negative net margin of 1.80%. The business had revenue of $486.57 million for the quarter, compared to the consensus estimate of $491.65 million. During the same quarter last year, the business posted $0.04 EPS. The business’s revenue was down .1% on a year-over-year basis. Equities analysts forecast that Genesco Inc. will post 4.01 earnings per share for the current year.
GCO has been the topic of several recent research reports. Susquehanna Bancshares set a $48.00 price target on Genesco and gave the stock a “buy” rating in a report on Friday, September 6th. Zacks Investment Research raised Genesco from a “hold” rating to a “strong-buy” rating and set a $47.00 price target on the stock in a report on Tuesday. ValuEngine downgraded Genesco from a “hold” rating to a “sell” rating in a report on Friday, July 19th. Pivotal Research raised Genesco from a “hold” rating to a “buy” rating and raised their price target for the stock from $40.00 to $48.00 in a report on Monday. Finally, TheStreet downgraded Genesco from a “b” rating to a “c+” rating in a report on Wednesday, June 5th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Genesco currently has an average rating of “Buy” and an average price target of $46.00.
Genesco Company Profile
Genesco Inc operates as a retailer and wholesaler of footwear, apparel, and accessories. The company operates through four segments: Journeys Group, Schuh Group, Johnston & Murphy Group, and Licensed Brands. The Journeys Group segment offers footwear and accessories through the Journeys, Journeys Kidz, and Little Burgundy retail chains, as well as through e-commerce and catalogs for young men, women, and children.
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