Jane Street Group LLC lowered its holdings in Genesco Inc. (NYSE:GCO - Free Report) by 46.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,841 shares of the company's stock after selling 18,960 shares during the period. Jane Street Group LLC owned about 0.19% of Genesco worth $934,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in GCO. SG Americas Securities LLC acquired a new stake in Genesco during the fourth quarter valued at approximately $111,000. Wells Fargo & Company MN increased its holdings in shares of Genesco by 28.1% in the fourth quarter. Wells Fargo & Company MN now owns 5,846 shares of the company's stock valued at $250,000 after buying an additional 1,281 shares in the last quarter. Inceptionr LLC acquired a new stake in shares of Genesco during the 4th quarter valued at $264,000. Massachusetts Financial Services Co. MA acquired a new stake in shares of Genesco during the 4th quarter valued at $340,000. Finally, Proficio Capital Partners LLC bought a new stake in shares of Genesco during the 4th quarter worth $479,000. 94.51% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on GCO shares. Jefferies Financial Group reaffirmed a "hold" rating and set a $24.00 target price (down from $27.00) on shares of Genesco in a research report on Wednesday, May 21st. Wall Street Zen downgraded Genesco from a "buy" rating to a "hold" rating in a report on Tuesday, April 15th. Finally, Truist Financial began coverage on shares of Genesco in a research note on Wednesday. They set a "hold" rating and a $23.00 price objective for the company.
Check Out Our Latest Report on Genesco
Insider Buying and Selling
In other Genesco news, Director Gregory A. Sandfort bought 10,974 shares of the company's stock in a transaction dated Thursday, March 20th. The shares were bought at an average price of $22.92 per share, for a total transaction of $251,524.08. Following the acquisition, the director now directly owns 26,754 shares of the company's stock, valued at approximately $613,201.68. This trade represents a 69.54% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Fund 1 Investments, Llc sold 12,000 shares of the firm's stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $20.73, for a total transaction of $248,760.00. Following the sale, the insider now owns 1,097,850 shares of the company's stock, valued at approximately $22,758,430.50. This represents a 1.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 7.09% of the company's stock.
Genesco Trading Down 0.7%
NYSE GCO traded down $0.15 on Wednesday, hitting $21.71. 232,751 shares of the stock were exchanged, compared to its average volume of 214,735. The company's 50-day moving average price is $20.62 and its two-hundred day moving average price is $31.24. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.56 and a quick ratio of 0.32. Genesco Inc. has a 52-week low of $16.19 and a 52-week high of $44.80. The company has a market capitalization of $234.02 million, a price-to-earnings ratio of -8.93 and a beta of 2.14.
Genesco (NYSE:GCO - Get Free Report) last issued its earnings results on Friday, March 7th. The company reported $3.26 EPS for the quarter, missing the consensus estimate of $3.31 by ($0.05). Genesco had a positive return on equity of 0.56% and a negative net margin of 1.13%. The business had revenue of $745.95 million during the quarter, compared to analyst estimates of $780.43 million. During the same period last year, the business earned $2.59 EPS. Research analysts predict that Genesco Inc. will post 0.94 EPS for the current year.
Genesco Company Profile
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Free Report)
Genesco Inc operates as a retailer and wholesaler of footwear, apparel, and accessories in the United States, Puerto Rico, Canada, the United Kingdom, and the Republic of Ireland. The company operates through four segments: Journeys Group, Schuh Group, Johnston & Murphy Group, and Genesco Brands.
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