Genesco (NYSE:GCO) Director Thurgood Marshall, Jr. sold 2,200 shares of the business’s stock in a transaction that occurred on Wednesday, April 4th. The stock was sold at an average price of $42.31, for a total value of $93,082.00. Following the completion of the transaction, the director now directly owns 9,281 shares in the company, valued at $392,679.11. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Shares of Genesco stock opened at $41.50 on Friday. The firm has a market cap of $850.29, a price-to-earnings ratio of 13.22, a price-to-earnings-growth ratio of 1.35 and a beta of 1.06. Genesco has a 52 week low of $20.90 and a 52 week high of $55.30. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.72 and a quick ratio of 0.59.
Genesco (NYSE:GCO) last issued its earnings results on Thursday, March 15th. The company reported $2.15 EPS for the quarter, beating the consensus estimate of $2.09 by $0.06. The company had revenue of $930.00 million during the quarter, compared to analysts’ expectations of $902.00 million. Genesco had a negative net margin of 3.85% and a positive return on equity of 7.07%. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.15 EPS. sell-side analysts forecast that Genesco will post 3.33 EPS for the current year.
Several institutional investors have recently modified their holdings of GCO. Nationwide Fund Advisors raised its position in shares of Genesco by 68.9% during the 3rd quarter. Nationwide Fund Advisors now owns 52,324 shares of the company’s stock valued at $1,392,000 after acquiring an additional 21,347 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of Genesco by 373.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 188,169 shares of the company’s stock valued at $5,004,000 after acquiring an additional 148,403 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Genesco by 635.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 190,388 shares of the company’s stock valued at $5,026,000 after acquiring an additional 164,485 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of Genesco by 17.6% in the 3rd quarter. Wells Fargo & Company MN now owns 64,964 shares of the company’s stock valued at $1,728,000 after buying an additional 9,739 shares during the period. Finally, Schwab Charles Investment Management Inc. grew its holdings in shares of Genesco by 37.3% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 275,132 shares of the company’s stock valued at $7,319,000 after buying an additional 74,700 shares during the period. Institutional investors own 99.24% of the company’s stock.
Several research analysts recently weighed in on the stock. Robert W. Baird restated a “hold” rating and issued a $45.00 price objective on shares of Genesco in a research report on Friday, April 6th. ValuEngine cut shares of Genesco from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Pivotal Research set a $46.00 price objective on shares of Genesco and gave the stock a “buy” rating in a research report on Wednesday, March 14th. Jefferies Group set a $45.00 price objective on shares of Genesco and gave the stock a “buy” rating in a research report on Monday, February 26th. Finally, Zacks Investment Research cut shares of Genesco from a “buy” rating to a “hold” rating in a research report on Monday, March 5th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $41.00.
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Genesco Inc retails and wholesales footwear, apparel, and accessories. The company's Journeys Group segment offers footwear and accessories through the Journeys, Journeys Kidz, Shi by Journeys, Little Burgundy, and Underground by Journeys retail stores, as well as through e-commerce and catalogs for young men, women, and children.
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