Genesco Inc. (GCO) Shares Bought by Macquarie Group Ltd.
Macquarie Group Ltd. raised its position in Genesco Inc. (NYSE:GCO) by 1.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 264,197 shares of the company’s stock after buying an additional 3,847 shares during the period. Macquarie Group Ltd. owned about 1.28% of Genesco worth $16,991,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP boosted its stake in shares of Genesco by 16.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,775,683 shares of the company’s stock worth $114,194,000 after buying an additional 244,395 shares during the period. Friess Associates LLC acquired a new stake in shares of Genesco during the second quarter valued at approximately $7,055,000. Royce & Associates LP boosted its stake in shares of Genesco by 11.4% in the second quarter. Royce & Associates LP now owns 848,439 shares of the company’s stock valued at $54,563,000 after buying an additional 87,085 shares during the last quarter. Emerald Acquisition Ltd. acquired a new stake in shares of Genesco during the second quarter valued at approximately $4,623,000. Finally, William Blair Investment Management LLC boosted its stake in shares of Genesco by 28.5% in the second quarter. William Blair Investment Management LLC now owns 239,768 shares of the company’s stock valued at $15,419,000 after buying an additional 53,181 shares during the last quarter. Institutional investors own 96.04% of the company’s stock.
Shares of Genesco Inc. (NYSE:GCO) traded down 1.71% during trading on Monday, hitting $66.15. The stock had a trading volume of 169,771 shares. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of 13.87 and a beta of 1.18. Genesco Inc. has a one year low of $47.66 and a one year high of $74.21. The stock has a 50 day moving average price of $58.28 and a 200-day moving average price of $61.86.
Genesco (NYSE:GCO) last released its earnings results on Thursday, September 1st. The company reported $0.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.07. The company had revenue of $625.60 million for the quarter. Genesco had a net margin of 3.49% and a return on equity of 10.65%. Genesco’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.36 earnings per share. On average, equities research analysts predict that Genesco Inc. will post $3.90 earnings per share for the current year.
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GCO has been the topic of several research analyst reports. CL King cut Genesco from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 19th. Zacks Investment Research upgraded Genesco from a “hold” rating to a “buy” rating and set a $62.00 target price on the stock in a report on Tuesday, November 8th. TheStreet cut Genesco from a “buy” rating to a “hold” rating in a report on Wednesday, September 14th. B. Riley restated a “neutral” rating and set a $61.00 target price on shares of Genesco in a report on Tuesday, October 11th. Finally, Robert W. Baird cut Genesco from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $80.00 to $53.00 in a report on Friday, September 2nd. Ten analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Genesco currently has a consensus rating of “Hold” and an average price target of $64.38.
In other news, Director Kevin Patrick Mcdermott acquired 1,000 shares of the company’s stock in a transaction on Tuesday, September 20th. The shares were bought at an average cost of $51.39 per share, with a total value of $51,390.00. Following the transaction, the director now owns 2,906 shares in the company, valued at approximately $149,339.34. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider David Baxter acquired 5,000 shares of the company’s stock in a transaction on Tuesday, September 20th. The stock was purchased at an average cost of $51.34 per share, for a total transaction of $256,700.00. Following the completion of the transaction, the insider now owns 15,644 shares in the company, valued at approximately $803,162.96. The disclosure for this purchase can be found here. 3.00% of the stock is currently owned by company insiders.
Genesco Inc is a retailer and wholesaler of footwear, apparel and accessories. The Company operates in five segments: Journeys Group, Schuh Group, Lids Sports Group, Johnston & Murphy Group and Licensed Brands. Its Journeys Group segment includes Journeys, Journeys Kidz, Shi by Journeys, Little Burgundy and Underground by Journeys retail stores, catalog and e-commerce operations.
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