1 week Ago By Defense World Staff
Invesco Ltd. boosted its position in Genesco Inc. (NYSE:GCO – Free Report) by 5.
1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,551 shares of the company’s stock after buying an additional 3,719 shares during the quarter. Invesco Ltd.
owned 0.68% of Genesco worth $3,273,000 at the end of the most recent quarter. A number of other hedge funds and other institutional investors have also modified their holdings of GCO.
Barclays PLC boosted its stake in Genesco by 103.1% during the 3rd quarter. Barclays PLC now owns 20,730 shares of the company’s stock valued at $563,000 after acquiring an additional 10,521 shares during the last quarter.
Geode Capital Management LLC grew its position in shares of Genesco by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 247,193 shares of the company’s stock valued at $6,718,000 after buying an additional 3,157 shares during the last quarter.
Franklin Resources Inc. boosted its stake in Genesco by 8.4% in the third quarter.
Franklin Resources Inc. now owns 11,108 shares of the company’s stock valued at $313,000 after acquiring an additional 859 shares during the period. JPMorgan Chase & Co.
boosted its position in Genesco by 124.9% during the 3rd quarter. JPMorgan Chase & Co.
now owns 251,142 shares of the company’s stock valued at $6,824,000 after purchasing an additional 139,485 shares during the period. Finally, SG Americas Securities LLC bought a new position in Genesco during the 4th quarter worth $111,000. 94.
51% of the stock is owned by hedge funds and other institutional investors. Insider Transactions at GenescoIn other Genesco news, Director Gregory A. Sandfort bought 10,974 shares of the stock in a transaction on Thursday, March 20th.
The shares were bought at an average price of $22.92 per share, with a total value of $251,524.08.
Following the purchase, the director now directly owns 26,754 shares in the company, valued at $613,201.68. The trade was a 69.
54 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Fund 1 Investments, Llc sold 12,000 shares of the stock in a transaction that occurred on Friday, March 28th.
The stock was sold at an average price of $20.73, for a total transaction of $248,760.00.
Following the completion of the sale, the insider now directly owns 1,097,850 shares of the company’s stock, valued at $22,758,430.50. This trade represents a 1.
08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 7.
09% of the company’s stock. Genesco Price PerformanceShares of GCO opened at $20.06 on Monday.
The firm has a market capitalization of $221.42 million, a price-to-earnings ratio of -8.26 and a beta of 2.
25. The stock’s fifty day moving average is $24.22 and its 200-day moving average is $32.
31. Genesco Inc. has a one year low of $16.
19 and a one year high of $44.80. The company has a debt-to-equity ratio of 0.
19, a quick ratio of 0.32 and a current ratio of 1.56.
Genesco (NYSE:GCO – Get Free Report) last released its earnings results on Friday, March 7th. The company reported $3.26 earnings per share for the quarter, missing analysts’ consensus estimates of $3.
31 by ($0.05). The firm had revenue of $745.
95 million during the quarter, compared to analyst estimates of $780.43 million. Genesco had a positive return on equity of 0.
56% and a negative net margin of 1.13%. During the same quarter last year, the company earned $2.
59 earnings per share. Equities analysts anticipate that Genesco Inc. will post 0.
94 EPS for the current year. Wall Street Analysts Forecast GrowthSeparately, StockNews.com downgraded shares of Genesco from a “buy” rating to a “hold” rating in a research report on Tuesday, April 15th.
Get Our Latest Analysis on GCOGenesco Profile (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.Recommended StoriesFive stocks we like better than GenescoWhere to Find Earnings Call TranscriptsTexas Instruments: Earnings Beat, Upbeat Guidance Fuel RecoveryInvesting in the High PE Growth Stocks O’Reilly Automotive: An Anytime Buy for Buy-and-Hold InvestorsHow to trade using analyst ratingsChipotle Mexican Grill Serves Smoking Hot Entry Point in Q2Want to see what other hedge funds are holding GCO? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Genesco Inc. (NYSE:GCO – Free Report)..
