Kennedy Capital Management Inc. purchased a new stake in shares of Genesco Inc. (NYSE:GCO) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 76,399 shares of the company’s stock, valued at approximately $2,590,000. Kennedy Capital Management Inc. owned about 0.39% of Genesco at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Teachers Advisors LLC boosted its position in shares of Genesco by 6.2% during the 4th quarter. Teachers Advisors LLC now owns 34,925 shares of the company’s stock worth $2,169,000 after purchasing an additional 2,031 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of Genesco by 130.9% during the 1st quarter. Russell Investments Group Ltd. now owns 4,212 shares of the company’s stock worth $233,000 after purchasing an additional 2,388 shares in the last quarter. Great West Life Assurance Co. Can boosted its position in shares of Genesco by 2.3% during the 1st quarter. Great West Life Assurance Co. Can now owns 27,571 shares of the company’s stock worth $1,525,000 after purchasing an additional 633 shares in the last quarter. LSV Asset Management boosted its position in shares of Genesco by 36.3% during the 1st quarter. LSV Asset Management now owns 30,400 shares of the company’s stock worth $1,685,000 after purchasing an additional 8,100 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in shares of Genesco by 30.0% during the 1st quarter. First Trust Advisors LP now owns 51,507 shares of the company’s stock worth $2,856,000 after purchasing an additional 11,882 shares in the last quarter. 94.38% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have recently issued reports on the stock. Morgan Stanley cut their price objective on shares of Genesco from $38.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Wednesday, September 13th. ValuEngine cut shares of Genesco from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Buckingham Research cut their price objective on shares of Genesco from $38.00 to $23.00 and set a “neutral” rating on the stock in a research report on Friday, September 1st. Jefferies Group LLC reissued a “hold” rating and set a $27.00 price objective on shares of Genesco in a research report on Thursday, August 31st. Finally, Susquehanna Bancshares Inc reissued a “neutral” rating and set a $29.00 price objective (down previously from $43.00) on shares of Genesco in a research report on Monday, August 28th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. Genesco currently has an average rating of “Hold” and a consensus price target of $37.57.

In other Genesco news, Chairman Robert J. Dennis acquired 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 6th. The shares were acquired at an average price of $23.81 per share, with a total value of $595,250.00. Following the completion of the purchase, the chairman now directly owns 224,935 shares of the company’s stock, valued at approximately $5,355,702.35. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Mimi Eckel Vaughn acquired 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 6th. The shares were acquired at an average cost of $24.16 per share, for a total transaction of $241,600.00. Following the purchase, the senior vice president now directly owns 87,140 shares of the company’s stock, valued at $2,105,302.40. The disclosure for this purchase can be found here. Insiders have purchased 36,000 shares of company stock worth $869,170 in the last three months. 3.30% of the stock is currently owned by insiders.

Shares of Genesco Inc. (GCO) opened at 25.95 on Tuesday. Genesco Inc. has a 12-month low of $20.90 and a 12-month high of $72.00. The company has a 50 day moving average of $26.76 and a 200-day moving average of $40.30. The firm has a market cap of $516.90 million, a price-to-earnings ratio of 7.29 and a beta of 1.29.

Genesco (NYSE:GCO) last posted its quarterly earnings data on Thursday, August 31st. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.04). Genesco had a return on equity of 7.36% and a net margin of 2.43%. The business had revenue of $616.50 million for the quarter, compared to the consensus estimate of $626.93 million. During the same period in the previous year, the firm earned $0.34 EPS. The company’s revenue was down 1.5% on a year-over-year basis. Analysts predict that Genesco Inc. will post $3.38 EPS for the current year.

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Genesco 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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Institutional Ownership by Quarter for Genesco (NYSE:GCO)

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