Genesco Inc. (GCO) Insider David Baxter Acquires 5,000 Shares
Genesco Inc. (NYSE:GCO) insider David Baxter bought 5,000 shares of the firm’s stock in a transaction on Tuesday, September 20th. The stock was purchased at an average price of $51.34 per share, with a total value of $256,700.00. Following the transaction, the insider now owns 15,644 shares in the company, valued at approximately $803,162.96. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Genesco Inc. (NYSE:GCO) traded up 0.763% during mid-day trading on Friday, reaching $53.495. 31,536 shares of the company traded hands. The firm has a market cap of $1.10 billion, a PE ratio of 11.220 and a beta of 1.10. Genesco Inc. has a one year low of $47.66 and a one year high of $74.21. The stock’s 50-day moving average price is $62.21 and its 200-day moving average price is $65.59.
Genesco (NYSE:GCO) last released its quarterly earnings data on Thursday, September 1st. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.07. The company earned $625.60 million during the quarter. Genesco had a net margin of 3.49% and a return on equity of 10.65%. Genesco’s revenue was down 4.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.36 earnings per share. Analysts forecast that Genesco Inc. will post $3.89 earnings per share for the current fiscal year.
Several research firms have commented on GCO. B. Riley restated a “neutral” rating and issued a $75.00 target price on shares of Genesco in a research report on Tuesday, August 30th. Jefferies Group restated a “hold” rating on shares of Genesco in a research report on Sunday, May 29th. Zacks Investment Research cut shares of Genesco from a “hold” rating to a “sell” rating in a research report on Tuesday, August 2nd. Piper Jaffray Cos. restated a “neutral” rating and issued a $62.00 target price on shares of Genesco in a research report on Thursday, September 1st. Finally, Morgan Stanley cut shares of Genesco from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $79.00 to $74.00 in a research report on Wednesday, July 20th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. Genesco presently has a consensus rating of “Hold” and an average target price of $63.75.
Institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its stake in shares of Genesco by 16.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,775,683 shares of the company’s stock worth $114,194,000 after buying an additional 244,395 shares during the period. Royce & Associates LP boosted 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 period. Franklin Resources Inc. boosted its stake in shares of Genesco by 0.4% in the first quarter. Franklin Resources Inc. now owns 647,858 shares of the company’s stock worth $46,808,000 after buying an additional 2,500 shares during the period. Loomis Sayles & Co. L P boosted its stake in shares of Genesco by 2.2% in the first quarter. Loomis Sayles & Co. L P now owns 267,745 shares of the company’s stock worth $19,345,000 after buying an additional 5,882 shares during the period. Finally, Macquarie Group Ltd. boosted its stake in shares of Genesco by 1.5% in the second quarter. Macquarie Group Ltd. now owns 264,197 shares of the company’s stock worth $16,991,000 after buying an additional 3,847 shares during the period. 93.55% of the stock is owned by institutional investors.
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. 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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