Shell Asset Management Co. Has $656,000 Stake in Genesco Inc. (NYSE:GCO)
Shell Asset Management Co. held its position in Genesco Inc. (NYSE:GCO) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,344 shares of the company’s stock at the end of the second quarter. Shell Asset Management Co.’s holdings in Genesco were worth $656,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in GCO. Quantbot Technologies LP acquired a new position in Genesco during the first quarter worth $105,000. Envestnet Asset Management Inc. increased its position in Genesco by 26.2% in the first quarter. Envestnet Asset Management Inc. now owns 2,347 shares of the company’s stock worth $130,000 after buying an additional 487 shares during the period. State of Alaska Department of Revenue increased its position in Genesco by 77.8% in the second quarter. State of Alaska Department of Revenue now owns 3,893 shares of the company’s stock worth $131,000 after buying an additional 1,703 shares during the period. PNC Financial Services Group Inc. increased its position in Genesco by 44.0% in the first quarter. PNC Financial Services Group Inc. now owns 2,538 shares of the company’s stock worth $142,000 after buying an additional 775 shares during the period. Finally, First Quadrant L P CA acquired a new position in Genesco during the second quarter worth $153,000.
Genesco Inc. (GCO) opened at 28.70 on Friday. The stock has a 50 day moving average of $32.07 and a 200-day moving average of $46.89. The company has a market cap of $562.32 million, a P/E ratio of 6.45 and a beta of 1.24. 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 data on Thursday, May 25th. The company reported $0.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by $0.22. The business had revenue of $643.40 million for the quarter, compared to analysts’ expectations of $644.15 million. Genesco had a net margin of 3.07% and a return on equity of 8.41%. Genesco’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period last year, the company earned $0.62 earnings per share. Equities research analysts expect that Genesco Inc. will post $3.89 EPS for the current year.
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A number of research analysts recently weighed in on GCO shares. B. Riley reaffirmed a “buy” rating and issued a $50.00 target price on shares of Genesco in a research report on Thursday, June 1st. Piper Jaffray Companies set a $39.00 target price on shares of Genesco and gave the company a “buy” rating in a research report on Saturday, June 24th. ValuEngine raised shares of Genesco from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th. Morgan Stanley reissued an “equal weight” rating and issued a $38.00 price objective (down previously from $59.00) on shares of Genesco in a research report on Thursday, June 1st. Finally, Zacks Investment Research raised shares of Genesco from a “sell” rating to a “hold” rating in a research report on Thursday, May 18th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $48.29.
In other Genesco news, Director Kevin Patrick Mcdermott acquired 1,340 shares of the company’s stock in a transaction on Thursday, June 1st. The shares were acquired at an average cost of $37.18 per share, with a total value of $49,821.20. Following the completion of the acquisition, the director now directly owns 5,192 shares in the company, valued at $193,038.56. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.30% of the stock is owned by corporate insiders.
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.
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