State of Alaska Department of Revenue raised its stake in Genesco Inc. (NYSE:GCO) by 77.8% during the second quarter, Holdings Channel reports. The firm owned 3,893 shares of the company’s stock after buying an additional 1,703 shares during the period. State of Alaska Department of Revenue’s holdings in Genesco were worth $131,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Quantbot Technologies LP acquired a new stake in shares of Genesco during the first quarter valued at approximately $105,000. Envestnet Asset Management Inc. boosted its stake in shares of Genesco by 26.2% in the first quarter. Envestnet Asset Management Inc. now owns 2,347 shares of the company’s stock valued at $130,000 after buying an additional 487 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of Genesco by 44.0% in the first quarter. PNC Financial Services Group Inc. now owns 2,538 shares of the company’s stock valued at $142,000 after buying an additional 775 shares during the period. SG Americas Securities LLC boosted its stake in shares of Genesco by 25.1% in the first quarter. SG Americas Securities LLC now owns 2,815 shares of the company’s stock valued at $156,000 after buying an additional 565 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its stake in shares of Genesco by 8.5% in the first quarter. Public Employees Retirement System of Ohio now owns 3,660 shares of the company’s stock valued at $203,000 after buying an additional 287 shares during the period.

Genesco Inc. (GCO) traded down 1.23% during mid-day trading on Friday, reaching $28.10. The company’s stock had a trading volume of 119,234 shares. The company has a market cap of $550.56 million, a price-to-earnings ratio of 6.31 and a beta of 1.24. The stock’s 50 day moving average is $32.18 and its 200 day moving average is $47.12. Genesco Inc. has a 12 month low of $27.75 and a 12 month high of $74.21.

Genesco (NYSE:GCO) last released its quarterly earnings results on Thursday, May 25th. The company reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.28 by $0.22. The business had revenue of $643.40 million for the quarter, compared to analyst estimates of $644.15 million. Genesco had a return on equity of 8.41% and a net margin of 3.07%. The company’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.62 EPS. Equities research analysts predict that Genesco Inc. will post $3.89 EPS for the current year.

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Several brokerages have commented on GCO. UBS AG upgraded shares of Genesco from a “neutral” rating to a “positive” rating in a research report on Wednesday, April 26th. B. Riley reiterated a “buy” rating and issued a $50.00 price target on shares of Genesco in a research report on Saturday, May 27th. Piper Jaffray Companies set a $39.00 price target on shares of Genesco and gave the stock a “buy” rating in a research report on Saturday, June 24th. Zacks Investment Research upgraded shares of Genesco from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, BidaskClub upgraded shares of Genesco from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company’s stock. Genesco presently has an average rating of “Hold” and a consensus price target of $48.29.

In other Genesco news, Director Kevin Patrick Mcdermott purchased 1,000 shares of the company’s stock in a transaction dated Thursday, July 6th. The shares were bought at an average price of $32.32 per share, with a total value of $32,320.00. Following the completion of the transaction, the director now directly owns 8,657 shares in the company, valued at approximately $279,794.24. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 3.30% of the company’s stock.

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.

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Institutional Ownership by Quarter for Genesco (NYSE:GCO)

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