Genesco Inc. (GCO) Shares Bought by Teachers Advisors LLC
Teachers Advisors LLC boosted its position in Genesco Inc. (NYSE:GCO) by 3.3% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 36,065 shares of the company’s stock after buying an additional 1,140 shares during the period. Teachers Advisors LLC owned about 0.18% of Genesco worth $2,000,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of GCO. Quantbot Technologies LP purchased a new stake in Genesco during the first quarter worth approximately $105,000. Envestnet Asset Management Inc. boosted its stake in Genesco by 26.2% in the first quarter. Envestnet Asset Management Inc. now owns 2,347 shares of the company’s stock worth $130,000 after buying an additional 487 shares during the period. SG Americas Securities LLC boosted its stake in Genesco by 25.1% in the first quarter. SG Americas Securities LLC now owns 2,815 shares of the company’s stock worth $156,000 after buying an additional 565 shares during the period. M&T Bank Corp boosted its stake in Genesco by 1.1% in the first quarter. M&T Bank Corp now owns 4,139 shares of the company’s stock worth $229,000 after buying an additional 45 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in Genesco by 130.9% in the first quarter. Russell Investments Group Ltd. now owns 4,212 shares of the company’s stock worth $233,000 after buying an additional 2,388 shares during the period.
Genesco Inc. (NYSE:GCO) traded down 8.60% during trading on Friday, hitting $23.90. The company had a trading volume of 735,630 shares. Genesco Inc. has a 12 month low of $23.50 and a 12 month high of $73.98. The company has a market cap of $468.27 million, a PE ratio of 5.37 and a beta of 1.24. The company’s 50 day moving average price is $31.04 and its 200-day moving average price is $45.66.
Genesco (NYSE:GCO) last released its quarterly earnings data on Thursday, May 25th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.28 by $0.22. The business had revenue of $643.40 million for the quarter, compared to analyst estimates of $644.15 million. Genesco had a return on equity of 8.41% and a net margin of 3.07%. Genesco’s revenue was down .8% compared to the same quarter last year. During the same quarter last year, the company earned $0.62 EPS. Equities analysts expect that Genesco Inc. will post $3.89 earnings per share for the current year.
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A number of research firms have recently commented on GCO. Morgan Stanley reiterated an “equal weight” rating and set a $38.00 target price (down previously from $59.00) on shares of Genesco in a research report on Thursday, June 1st. Jefferies Group LLC reiterated a “hold” rating and set a $48.00 target price on shares of Genesco in a research report on Friday, July 14th. B. Riley upgraded Genesco from a “neutral” rating to a “buy” rating and set a $56.00 target price on the stock in a research report on Monday, May 22nd. ValuEngine cut Genesco from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Piper Jaffray Companies set a $39.00 target price on Genesco and gave the stock a “buy” rating in a research report on Saturday, June 24th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $48.29.
In other Genesco news, Director Kevin Patrick Mcdermott acquired 1,340 shares of the company’s stock in a transaction that occurred on Thursday, June 1st. The shares were purchased at an average price of $37.18 per share, for a total transaction of $49,821.20. Following the completion of the purchase, the director now directly owns 5,192 shares in the company, valued at $193,038.56. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.30% of the stock is owned by corporate 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. It relies on independent third-party manufacturers for production of its footwear products sold at wholesale.
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