1 week Ago By ABMN Staff
Invesco Ltd. lifted its stake in Genesco Inc. ( NYSE:GCO – Free Report ) by 5.
1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 76,551 shares of the company’s stock after acquiring an additional 3,719 shares during the period. Invesco Ltd.
’s holdings in Genesco were worth $3,273,000 at the end of the most recent reporting period. A number of other hedge funds have also recently bought and sold shares of the stock. SG Americas Securities LLC bought a new position in Genesco during the fourth quarter valued at about $111,000.
Wells Fargo & Company MN lifted its position in shares of Genesco by 28.1% during the 4th quarter. Wells Fargo & Company MN now owns 5,846 shares of the company’s stock worth $250,000 after buying an additional 1,281 shares during the period.
Inceptionr LLC acquired a new position in Genesco during the fourth quarter worth $264,000. Massachusetts Financial Services Co. MA acquired a new stake in shares of Genesco in the 4th quarter valued at $340,000.
Finally, Franklin Resources Inc. increased its position in shares of Genesco by 8.4% during the 3rd quarter.
Franklin Resources Inc. now owns 11,108 shares of the company’s stock worth $313,000 after purchasing an additional 859 shares in the last quarter. 94.
51% of the stock is owned by institutional investors. Analysts Set New Price Targets Separately, StockNews.com cut shares of Genesco from a “buy” rating to a “hold” rating in a research note on Tuesday, April 15th.
Insider Buying and Selling at Genesco In other news, Director Gregory A. Sandfort acquired 10,974 shares of the firm’s stock in a transaction that occurred on Thursday, March 20th. The stock was purchased at an average price of $22.
92 per share, for a total transaction of $251,524.08. Following the completion of the acquisition, the director now owns 26,754 shares in the company, valued at $613,201.
68. This trade represents a 69.54 % increase in their ownership of the stock.
The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website . Also, major shareholder Fund 1 Investments, Llc sold 12,000 shares of the company’s stock in a transaction on Friday, March 28th. The shares were 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 owns 1,097,850 shares of the company’s stock, valued at approximately $22,758,430.
50. This represents a 1.08 % decrease in their position.
The disclosure for this sale can be found here . Corporate insiders own 7.09% of the company’s stock.
Genesco Trading Up 0.1 % Shares of NYSE GCO opened at $20.06 on Monday.
The company has a market cap of $221.42 million, a PE ratio of -8.26 and a beta of 2.
25. The company has a current ratio of 1.56, a quick ratio of 0.
32 and a debt-to-equity ratio of 0.19. The company has a 50-day moving average of $24.
22 and a two-hundred day moving average of $32.31. Genesco Inc.
has a 1-year low of $16.19 and a 1-year high of $44.80.
Genesco ( NYSE:GCO – Get Free Report ) last announced its quarterly earnings data on Friday, March 7th. The company reported $3.26 earnings per share for the quarter, missing the consensus estimate of $3.
31 by ($0.05). The firm had revenue of $745.
95 million for the quarter, compared to the consensus estimate 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 period in the prior year, the firm posted $2.
59 earnings per share. As a group, equities analysts expect that Genesco Inc. will post 0.
94 earnings per share for the current fiscal year. Genesco Company 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 Stories Want 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 ).
Receive News & Ratings for Genesco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genesco and related companies with MarketBeat.com's FREE daily email newsletter ..
