Genesco Inc. (NYSE:GCO) Chairman Robert J. Dennis bought 25,000 shares of the business’s stock in a transaction on Wednesday, September 6th. The stock was bought at an average price of $23.81 per share, for a total transaction of $595,250.00. Following the purchase, the chairman now directly owns 224,935 shares of the company’s stock, valued at $5,355,702.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Shares of Genesco Inc. (NYSE:GCO) traded up 4.61% during midday trading on Friday, reaching $24.95. The company’s stock had a trading volume of 823,685 shares. The stock’s 50-day moving average price is $28.02 and its 200-day moving average price is $42.16. Genesco Inc. has a 12-month low of $20.90 and a 12-month high of $72.00. The company has a market cap of $488.85 million, a P/E ratio of 5.60 and a beta of 1.29.

Genesco (NYSE:GCO) last released its quarterly earnings data on Thursday, August 31st. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by $0.04. Genesco had a net margin of 2.43% and a return on equity of 7.36%. The business had revenue of $616.50 million during the quarter, compared to analysts’ expectations of $626.93 million. During the same quarter in the previous year, the company posted $0.34 EPS. The company’s revenue was down 1.5% compared to the same quarter last year. On average, analysts expect that Genesco Inc. will post $3.37 EPS for the current fiscal year.

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Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new position in shares of Genesco in the 1st quarter valued at about $105,000. Envestnet Asset Management Inc. increased its holdings in shares of Genesco by 26.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 2,347 shares of the company’s stock valued at $130,000 after acquiring an additional 487 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Genesco by 44.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,538 shares of the company’s stock valued at $142,000 after acquiring an additional 775 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of Genesco by 25.1% in the 1st quarter. SG Americas Securities LLC now owns 2,815 shares of the company’s stock valued at $156,000 after acquiring an additional 565 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its holdings in shares of Genesco by 8.5% in the 1st quarter. Public Employees Retirement System of Ohio now owns 3,660 shares of the company’s stock valued at $203,000 after acquiring an additional 287 shares during the last quarter. Institutional investors and hedge funds own 95.93% of the company’s stock.

GCO has been the topic of several analyst reports. BidaskClub upgraded Genesco from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. Susquehanna Bancshares Inc reiterated a “positive” rating and issued a $43.00 target price (down previously from $66.00) on shares of Genesco in a research note on Tuesday, May 30th. Jefferies Group LLC reiterated a “hold” rating and issued a $27.00 target price on shares of Genesco in a research note on Thursday, August 31st. ValuEngine lowered Genesco from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Zacks Investment Research upgraded Genesco from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $39.00.

Genesco Company Profile

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.

Insider Buying and Selling by Quarter for Genesco (NYSE:GCO)

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