Systematic Financial Management LP purchased a new position in Genesco Inc. (NYSE:GCO) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 28,915 shares of the company’s stock, valued at approximately $1,859,000. Systematic Financial Management LP owned about 0.14% of Genesco at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Royce & Associates LP raised 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 worth $54,563,000 after buying an additional 87,085 shares during the last quarter. Franklin Resources Inc. increased its position in Genesco by 0.4% in the first quarter. Franklin Resources Inc. now owns 647,858 shares of the company’s stock valued at $46,808,000 after buying an additional 2,500 shares during the period. Loomis Sayles & Co. L P increased its position in Genesco by 2.2% in the first quarter. Loomis Sayles & Co. L P now owns 267,745 shares of the company’s stock valued at $19,345,000 after buying an additional 5,882 shares during the period. William Blair Investment Management LLC increased its position in 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 period. Finally, Palisade Capital Management LLC NJ increased its position in Genesco by 10.6% in the first quarter. Palisade Capital Management LLC NJ now owns 220,079 shares of the company’s stock valued at $15,901,000 after buying an additional 21,120 shares during the period. Institutional investors and hedge funds own 93.55% of the company’s stock.

Shares of Genesco Inc. (NYSE:GCO) traded up 0.02% during trading on Tuesday, reaching $51.83. 140,023 shares of the company traded hands. Genesco Inc. has a 52 week low of $47.66 and a 52 week high of $74.21. The firm’s 50 day moving average price is $63.51 and its 200-day moving average price is $65.89. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 10.87 and a beta of 1.10.

Genesco (NYSE:GCO) last posted its earnings results on Thursday, September 1st. The company reported $0.34 earnings per share for the quarter, beating the 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%. The business’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.36 earnings per share. Equities analysts anticipate that Genesco Inc. will post $3.89 EPS for the current fiscal year.

A number of research analysts recently commented on GCO shares. Zacks Investment Research downgraded shares of Genesco from a “hold” rating to a “sell” rating in a report on Friday, September 2nd. B. Riley reissued a “neutral” rating and issued a $68.00 price objective on shares of Genesco in a research report on Monday, May 23rd. Robert W. Baird lowered shares of Genesco from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $80.00 to $53.00 in a research report on Friday, September 2nd. Piper Jaffray Cos. lowered shares of Genesco from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $70.00 to $61.00 in a research report on Tuesday, May 24th. Finally, Morgan Stanley lowered shares of Genesco from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $79.00 to $74.00 in a research report on Wednesday, July 20th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. Genesco presently has a consensus rating of “Hold” and an average target price of $63.75.

In other news, Director Leonard L. Berry bought 2,000 shares of the firm’s stock in a transaction on Friday, September 16th. The shares were bought at an average cost of $51.34 per share, for a total transaction of $102,680.00. Following the acquisition, the director now directly owns 28,277 shares of the company’s stock, valued at approximately $1,451,741.18. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David M. Tehle bought 4,100 shares of the firm’s stock in a transaction on Friday, September 9th. The stock was purchased at an average price of $48.66 per share, for a total transaction of $199,506.00. Following the completion of the acquisition, the director now directly owns 6,006 shares in the company, valued at $292,251.96. The disclosure for this purchase can be found here. 3.00% 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. 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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