Genesco Inc. (NYSE:GCO) Major Shareholder Fund 1 Investments, Llc Sells 25,000 Shares

Genesco Inc. (NYSE:GCO - Get Free Report) major shareholder Fund 1 Investments, Llc sold 25,000 shares of the business's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $23.26, for a total transaction of $581,500.00. Following the completion of the transaction, the insider now directly owns 1,072,850 shares in the company, valued at $24,954,491. This trade represents a 2.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Large shareholders that own 10% or more of a company's shares 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 Trading Up 0.1%

Shares of NYSE:GCO traded up $0.03 on Friday, hitting $22.71. 175,957 shares of the company's stock were exchanged, compared to its average volume of 217,317. The stock has a market capitalization of $244.81 million, a price-to-earnings ratio of -9.35 and a beta of 2.17. Genesco Inc. has a 12 month low of $16.19 and a 12 month high of $44.80. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.56 and a quick ratio of 0.32. The business's 50 day simple moving average is $20.62 and its two-hundred day simple moving average is $30.89.

Genesco (NYSE:GCO - Get Free Report) last announced its quarterly earnings data on Wednesday, June 4th. The company reported ($2.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($2.09) by $0.04. The company had revenue of $473.97 million for the quarter, compared to analysts' expectations of $463.90 million. Genesco had a positive return on equity of 0.56% and a negative net margin of 1.13%. Genesco's revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($2.10) earnings per share. Analysts anticipate that Genesco Inc. will post 0.94 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently commented on GCO. Jefferies Financial Group reissued a "hold" rating and set a $24.00 price target (down from $27.00) on shares of Genesco in a research note on Wednesday, May 21st. Wall Street Zen cut Genesco from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Finally, Truist Financial increased their target price on Genesco from $23.00 to $25.00 and gave the company a "hold" rating in a research report on Thursday.

Hedge Funds Weigh In On Genesco

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Nomura Holdings Inc. purchased a new stake in Genesco in the first quarter worth about $16,163,000. Portolan Capital Management LLC purchased a new stake in shares of Genesco in the 4th quarter worth approximately $19,847,000. Fund 1 Investments LLC increased its holdings in Genesco by 1,045.4% during the fourth quarter. Fund 1 Investments LLC now owns 242,965 shares of the company's stock valued at $10,387,000 after buying an additional 221,752 shares during the period. Vanguard Group Inc. increased its holdings in Genesco by 23.9% during the first quarter. Vanguard Group Inc. now owns 899,123 shares of the company's stock valued at $19,088,000 after buying an additional 173,255 shares during the period. Finally, SG Americas Securities LLC raised its stake in Genesco by 4,730.7% in the first quarter. SG Americas Securities LLC now owns 125,212 shares of the company's stock worth $2,658,000 after buying an additional 122,620 shares in the last quarter. Institutional investors own 94.51% of the company's stock.

Genesco Company 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.

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