Silver Oak Securities Incorporated Makes New $293,000 Investment in Genesco Inc. (NYSE:GCO)

Silver Oak Securities Incorporated bought a new position in shares of Genesco Inc. (NYSE:GCO - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 14,017 shares of the company's stock, valued at approximately $293,000. Silver Oak Securities Incorporated owned approximately 0.13% of Genesco as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in GCO. BNP Paribas Financial Markets lifted its holdings in shares of Genesco by 38.6% during the 4th quarter. BNP Paribas Financial Markets now owns 42,708 shares of the company's stock worth $1,826,000 after acquiring an additional 11,900 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of Genesco by 32.7% during the 4th quarter. Ameriprise Financial Inc. now owns 65,625 shares of the company's stock worth $2,805,000 after acquiring an additional 16,161 shares during the period. Brandywine Global Investment Management LLC bought a new stake in shares of Genesco during the 4th quarter worth approximately $1,475,000. Versor Investments LP bought a new stake in shares of Genesco during the 4th quarter worth approximately $543,000. Finally, Mackenzie Financial Corp bought a new stake in shares of Genesco during the 4th quarter worth approximately $596,000. Institutional investors and hedge funds own 94.51% of the company's stock.

Insider Buying and Selling at Genesco

In other news, major shareholder Fund 1 Investments, Llc sold 25,000 shares of the business's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $23.26, for a total transaction of $581,500.00. Following the completion of the sale, the insider now directly owns 1,072,850 shares of the company's stock, valued at $24,954,491. The trade was a 2.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 23.11% of the company's stock.

Genesco Trading Down 6.0%

Shares of NYSE:GCO traded down $1.34 during mid-day trading on Monday, reaching $20.98. 271,156 shares of the company's stock were exchanged, compared to its average volume of 226,577. The firm has a market capitalization of $226.16 million, a price-to-earnings ratio of -13.45 and a beta of 2.17. The business's fifty day moving average price is $21.25 and its 200-day moving average price is $29.81. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.55 and a current ratio of 1.91. Genesco Inc. has a twelve month low of $16.19 and a twelve month high of $44.80.

Genesco (NYSE:GCO - Get Free Report) last posted its quarterly earnings results on Wednesday, June 4th. The company reported ($2.05) earnings per share for the quarter, beating the consensus estimate of ($2.09) by $0.04. Genesco had a negative net margin of 0.67% and a positive return on equity of 2.22%. The firm had revenue of $473.97 million during the quarter, compared to the consensus estimate of $463.90 million. During the same period in the previous year, the firm posted ($2.10) earnings per share. The business's revenue was up 3.6% compared to the same quarter last year. On average, research analysts predict that Genesco Inc. will post 0.94 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

GCO has been the subject of a number of recent analyst reports. Jefferies Financial Group reaffirmed a "hold" rating and set a $24.00 price target (down previously from $27.00) on shares of Genesco in a report on Wednesday, May 21st. Wall Street Zen lowered shares of Genesco from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Finally, Truist Financial raised their target price on shares of Genesco from $23.00 to $25.00 and gave the company a "hold" rating in a research report on Thursday, June 5th.

Genesco Profile

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.