Pzena Investment Management LLC decreased its holdings in Genesco Inc. (NYSE:GCO - Free Report) by 5.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 992,353 shares of the company's stock after selling 55,320 shares during the quarter. Pzena Investment Management LLC owned about 8.99% of Genesco worth $21,068,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Proficio Capital Partners LLC purchased a new position in Genesco in the 4th quarter valued at approximately $479,000. American Century Companies Inc. increased its stake in shares of Genesco by 25.3% during the 4th quarter. American Century Companies Inc. now owns 276,807 shares of the company's stock worth $11,833,000 after purchasing an additional 55,977 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Genesco during the 4th quarter worth approximately $607,000. Prudential Financial Inc. grew its holdings in Genesco by 16.8% during the 4th quarter. Prudential Financial Inc. now owns 45,904 shares of the company's stock valued at $1,962,000 after buying an additional 6,600 shares during the last quarter. Finally, Brandywine Global Investment Management LLC purchased a new stake in shares of Genesco in the fourth quarter valued at $1,475,000. Institutional investors and hedge funds own 94.51% of the company's stock.
Analyst Upgrades and Downgrades
GCO has been the topic of several analyst reports. Truist Financial raised their price target on shares of Genesco from $23.00 to $25.00 and gave the stock a "hold" rating in a research note on Thursday, June 5th. Jefferies Financial Group reissued a "hold" rating and set a $24.00 price target (down previously from $27.00) on shares of Genesco in a research note on Wednesday, May 21st. Finally, Wall Street Zen lowered Genesco from a "buy" rating to a "hold" rating in a research note on Friday, May 30th.
View Our Latest Stock Report on Genesco
Genesco Trading Up 1.7%
GCO stock traded up $0.40 during trading on Monday, reaching $23.36. 315,528 shares of the stock traded hands, compared to its average volume of 230,706. The firm has a market capitalization of $251.81 million, a PE ratio of -14.97 and a beta of 2.11. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.91 and a quick ratio of 0.55. The business's 50 day moving average price is $22.17 and its 200-day moving average price is $27.14. Genesco Inc. has a 52-week low of $16.19 and a 52-week high of $44.80.
Genesco (NYSE:GCO - Get Free Report) last released its quarterly earnings results on Wednesday, June 4th. The company reported ($2.05) EPS for the quarter, topping the consensus estimate of ($2.09) by $0.04. The firm had revenue of $473.97 million for the quarter, compared to analyst estimates of $463.90 million. Genesco had a positive return on equity of 2.22% and a negative net margin of 0.67%. Genesco's revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the previous year, the company posted ($2.10) EPS. As a group, sell-side analysts forecast that Genesco Inc. will post 0.94 earnings per share for the current year.
Insider Activity at Genesco
In related news, major shareholder Fund 1 Investments, Llc sold 25,000 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $23.26, for a total value of $581,500.00. Following the sale, the insider owned 1,072,850 shares of the company's stock, valued at approximately $24,954,491. This trade represents a 2.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 23.11% of the company's stock.
About Genesco
(
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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