Teachers Advisors LLC lifted its holdings in Genesco (NYSE:GCO) by 63.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 58,584 shares of the company’s stock after purchasing an additional 22,789 shares during the period. Teachers Advisors LLC’s holdings in Genesco were worth $1,904,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Public Employees Retirement System of Ohio raised its holdings in shares of Genesco by 46.1% in the third quarter. Public Employees Retirement System of Ohio now owns 6,249 shares of the company’s stock worth $166,000 after buying an additional 1,971 shares during the period. Teacher Retirement System of Texas purchased a new stake in shares of Genesco in the fourth quarter worth approximately $216,000. UBS Asset Management Americas Inc. purchased a new stake in shares of Genesco in the fourth quarter worth approximately $302,000. Crossmark Global Holdings Inc. raised its holdings in shares of Genesco by 27.7% in the fourth quarter. Crossmark Global Holdings Inc. now owns 11,530 shares of the company’s stock worth $375,000 after buying an additional 2,500 shares during the period. Finally, Stone Ridge Asset Management LLC purchased a new stake in shares of Genesco in the fourth quarter worth approximately $557,000. Hedge funds and other institutional investors own 99.24% of the company’s stock.

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Shares of NYSE GCO opened at $42.90 on Tuesday. The company has a current ratio of 2.72, a quick ratio of 0.59 and a debt-to-equity ratio of 0.10. The firm has a market cap of $847.31, a price-to-earnings ratio of 13.66, a P/E/G ratio of 1.35 and a beta of 1.06. Genesco has a 12-month low of $20.90 and a 12-month high of $55.90.

Genesco (NYSE:GCO) last announced its earnings results on Thursday, March 15th. The company reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.09 by $0.06. The business had revenue of $930.00 million for the quarter, compared to analysts’ expectations of $902.00 million. Genesco had a positive return on equity of 7.07% and a negative net margin of 3.85%. The business’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter last year, the firm earned $2.15 EPS. equities research analysts expect that Genesco will post 3.33 EPS for the current year.

Several brokerages have recently weighed in on GCO. Piper Jaffray set a $40.00 price target on Genesco and gave the stock a “buy” rating in a report on Wednesday, February 14th. Susquehanna Bancshares restated a “hold” rating and set a $31.00 price objective on shares of Genesco in a report on Tuesday, January 16th. Zacks Investment Research upgraded Genesco from a “strong sell” rating to a “hold” rating in a report on Thursday, January 4th. ValuEngine downgraded Genesco from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Finally, Robert W. Baird restated a “hold” rating and set a $35.00 price objective on shares of Genesco in a report on Wednesday, January 3rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $41.00.

In other Genesco news, Director Thurgood Marshall, Jr. sold 2,200 shares of the stock in a transaction on Wednesday, April 4th. The stock was sold at an average price of $42.31, for a total transaction of $93,082.00. Following the sale, the director now owns 9,281 shares of the company’s stock, valued at approximately $392,679.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.30% of the stock is currently owned by company insiders.

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Genesco Profile

Genesco Inc retails and wholesales footwear, apparel, and accessories. The company's Journeys Group segment offers footwear and accessories through the Journeys, Journeys Kidz, Shi by Journeys, Little Burgundy, and Underground by Journeys retail stores, as well as through e-commerce and catalogs for young men, women, and children.

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Institutional Ownership by Quarter for Genesco (NYSE:GCO)

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