Foresters Investment Management Company Inc. boosted its stake in shares of Genesco Inc. (NYSE:GCO) by 0.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 124,900 shares of the company’s stock after acquiring an additional 1,000 shares during the period. Foresters Investment Management Company Inc.’s holdings in Genesco were worth $5,533,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Meeder Asset Management Inc. grew its holdings in shares of Genesco by 112.3% during the fourth quarter. Meeder Asset Management Inc. now owns 603 shares of the company’s stock worth $27,000 after buying an additional 319 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in shares of Genesco during the fourth quarter worth $48,000. PNC Financial Services Group Inc. grew its holdings in shares of Genesco by 24.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,350 shares of the company’s stock worth $60,000 after buying an additional 265 shares in the last quarter. Robeco Institutional Asset Management B.V. purchased a new stake in shares of Genesco during the third quarter worth $222,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Genesco during the third quarter worth $224,000.

Shares of GCO opened at $43.13 on Friday. The company has a quick ratio of 0.48, a current ratio of 2.26 and a debt-to-equity ratio of 0.09. Genesco Inc. has a 12-month low of $36.60 and a 12-month high of $51.85. The stock has a market capitalization of $916.54 million, a P/E ratio of 13.74, a PEG ratio of 2.51 and a beta of 0.72.

Genesco (NYSE:GCO) last announced its quarterly earnings data on Thursday, March 14th. The company reported $2.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.33 by ($0.15). Genesco had a net margin of 2.31% and a return on equity of 7.21%. The firm had revenue of $675.50 million during the quarter, compared to analysts’ expectations of $914.85 million. During the same period in the prior year, the company posted $2.15 EPS. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. Equities research analysts anticipate that Genesco Inc. will post 3.27 EPS for the current year.

Genesco announced that its Board of Directors has initiated a share buyback plan on Friday, December 14th that permits the company to repurchase $125.00 million in shares. This repurchase authorization permits the company to buy up to 14.7% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

In related news, Director Marty G. Dickens sold 5,000 shares of the company’s stock in a transaction dated Tuesday, January 29th. The shares were sold at an average price of $49.50, for a total value of $247,500.00. Following the completion of the sale, the director now owns 18,578 shares of the company’s stock, valued at $919,611. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert J. Dennis sold 11,380 shares of the company’s stock in a transaction dated Wednesday, January 23rd. The shares were sold at an average price of $47.14, for a total transaction of $536,453.20. Following the completion of the sale, the chief executive officer now directly owns 261,361 shares of the company’s stock, valued at approximately $12,320,557.54. The disclosure for this sale can be found here. Insiders sold 16,880 shares of company stock valued at $807,953 in the last three months. 4.30% of the stock is currently owned by insiders.

A number of equities research analysts have recently issued reports on GCO shares. TheStreet raised shares of Genesco from a “c+” rating to a “b” rating in a report on Tuesday, January 8th. Pivotal Research set a $52.00 target price on shares of Genesco and gave the stock a “buy” rating in a report on Monday, December 17th. Zacks Investment Research raised shares of Genesco from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a report on Wednesday, February 13th. ValuEngine raised shares of Genesco from a “hold” rating to a “buy” rating in a report on Tuesday, November 27th. Finally, Piper Jaffray Companies set a $41.00 target price on shares of Genesco and gave the stock a “hold” rating in a report on Friday, November 30th. Nine analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $43.00.

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About Genesco

Genesco Inc retails and wholesales footwear, apparel, and accessories. The company operates in five segments: Journeys Group, Schuh Group, Lids Sports Group, Johnston & Murphy Group, and Licensed Brands. The Journeys Group segment offers footwear and accessories through the Journeys, Journeys Kidz, Shi by Journeys, and Little Burgundy retail chains, as well as through e-commerce and catalogs for young men, women, and children.

Further Reading: What is Net Asset Value (NAV)?

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Institutional Ownership by Quarter for Genesco (NYSE:GCO)

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