Ray Gerald L & Associates Ltd. continued to hold its position in Genesco Inc. (NYSE:GCO) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,021 shares of the company’s stock at the end of the second quarter. Ray Gerald L & Associates Ltd. owned approximately 0.12% of Genesco worth $814,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Morgan Stanley boosted its position in Genesco by 274.4% in the first quarter. Morgan Stanley now owns 289,338 shares of the company’s stock valued at $16,044,000 after buying an additional 212,064 shares during the period. Vanguard Group Inc. boosted its position in Genesco by 0.8% in the first quarter. Vanguard Group Inc. now owns 1,964,020 shares of the company’s stock valued at $108,905,000 after buying an additional 15,003 shares during the period. Trexquant Investment LP acquired a new position in Genesco during the first quarter valued at about $1,663,000. Great West Life Assurance Co. Can boosted its position in Genesco by 2.3% in the first quarter. Great West Life Assurance Co. Can now owns 27,571 shares of the company’s stock valued at $1,525,000 after buying an additional 633 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in Genesco by 13.2% in the first quarter. Ameriprise Financial Inc. now owns 527,988 shares of the company’s stock valued at $29,278,000 after buying an additional 61,626 shares during the period. 95.93% of the stock is currently owned by institutional investors and hedge funds.

Genesco Inc. (NYSE:GCO) opened at 25.30 on Wednesday. The stock’s 50 day moving average price is $29.89 and its 200 day moving average price is $44.41. The company has a market capitalization of $495.70 million, a PE ratio of 5.68 and a beta of 1.24. Genesco Inc. has a 12-month low of $21.85 and a 12-month high of $73.45.

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Several equities analysts recently issued reports on GCO shares. BidaskClub raised Genesco from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. Susquehanna Bancshares Inc reaffirmed a “positive” rating and issued a $43.00 price objective (down from $66.00) on shares of Genesco in a research report on Tuesday, May 30th. ValuEngine cut Genesco from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Zacks Investment Research raised Genesco from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $38.00 price objective (down from $59.00) on shares of Genesco in a research report on Thursday, June 1st. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $46.29.

In other news, Director Kevin Patrick Mcdermott bought 1,000 shares of Genesco stock in a transaction dated Thursday, July 6th. The stock was bought at an average price of $32.32 per share, for a total transaction of $32,320.00. Following the purchase, the director now owns 8,657 shares of the company’s stock, valued at $279,794.24. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 3.30% of the stock is currently owned by company insiders.

About Genesco

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.

Institutional Ownership by Quarter for Genesco (NYSE:GCO)

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