Genesco Inc. (NYSE:GCO - Get Free Report) major shareholder Fund 1 Investments, Llc sold 25,000 shares of the 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 transaction, the insider now directly owns 1,072,850 shares of the company's stock, valued at approximately $24,954,491. This trade represents a 2.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Major shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.
Fund 1 Investments, Llc also recently made the following trade(s):
- On Friday, March 28th, Fund 1 Investments, Llc sold 12,000 shares of Genesco stock. The stock was sold at an average price of $20.73, for a total value of $248,760.00.
Genesco Stock Up 0.3%
Shares of NYSE GCO traded up $0.07 during midday trading on Monday, reaching $22.74. 241,233 shares of the company's stock were exchanged, compared to its average volume of 218,141. Genesco Inc. has a 52-week low of $16.19 and a 52-week high of $44.80. The stock has a market capitalization of $245.13 million, a PE ratio of -9.36 and a beta of 2.17. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.32 and a current ratio of 1.56. The business's fifty day moving average price is $20.65 and its two-hundred day moving average price is $30.81.
Genesco (NYSE:GCO - Get Free Report) last announced its earnings results on Wednesday, June 4th. The company reported ($2.05) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($2.09) by $0.04. Genesco had a positive return on equity of 0.56% and a negative net margin of 1.13%. The business had revenue of $473.97 million for the quarter, compared to analyst estimates of $463.90 million. During the same period in the previous year, the company earned ($2.10) earnings per share. The company's revenue for the quarter was up 3.6% compared to the same quarter last year. Analysts forecast that Genesco Inc. will post 0.94 EPS for the current year.
Analysts Set New Price Targets
GCO has been the subject of several recent research reports. Truist Financial raised their price target on Genesco from $23.00 to $25.00 and gave the stock a "hold" rating in a research report on Thursday. Jefferies Financial Group reiterated a "hold" rating and issued a $24.00 target price (down previously from $27.00) on shares of Genesco in a report on Wednesday, May 21st. Finally, Wall Street Zen lowered Genesco from a "buy" rating to a "hold" rating in a research report on Friday, May 30th.
Read Our Latest Research Report on GCO
Institutional Trading of Genesco
Hedge funds and other institutional investors have recently bought and sold shares of the company. BNP Paribas Financial Markets grew its holdings in shares of Genesco by 38.6% during the fourth quarter. BNP Paribas Financial Markets now owns 42,708 shares of the company's stock valued at $1,826,000 after purchasing an additional 11,900 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Genesco by 32.7% during the fourth quarter. Ameriprise Financial Inc. now owns 65,625 shares of the company's stock valued at $2,805,000 after purchasing an additional 16,161 shares during the last quarter. Brandywine Global Investment Management LLC bought a new position in shares of Genesco during the fourth quarter valued at approximately $1,475,000. Versor Investments LP bought a new position in shares of Genesco during the fourth quarter valued at approximately $543,000. Finally, American Century Companies Inc. grew its holdings in shares of Genesco by 25.3% during the fourth quarter. American Century Companies Inc. now owns 276,807 shares of the company's stock valued at $11,833,000 after purchasing an additional 55,977 shares during the last quarter. 94.51% of the stock is owned by institutional investors.
About Genesco
(
Get 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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