Campbell & CO Investment Adviser LLC Makes New Investment in Genesco Inc. (NYSE:GCO)
Campbell & CO Investment Adviser LLC purchased a new position in Genesco Inc. (NYSE:GCO) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 17,456 shares of the company’s stock, valued at approximately $699,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. DekaBank Deutsche Girozentrale acquired a new stake in Genesco in the second quarter worth about $112,000. Panagora Asset Management Inc. acquired a new stake in shares of Genesco during the second quarter worth about $126,000. Quantamental Technologies LLC acquired a new stake in shares of Genesco during the second quarter worth about $128,000. Marshall Wace North America L.P. acquired a new stake in shares of Genesco during the second quarter worth about $204,000. Finally, Schroder Investment Management Group acquired a new stake in shares of Genesco during the second quarter worth about $234,000. 94.82% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts recently commented on the company. ValuEngine downgraded Genesco from a “hold” rating to a “sell” rating in a report on Friday, July 19th. Pivotal Research upgraded Genesco from a “hold” rating to a “buy” rating and lifted their price target for the company from $40.00 to $48.00 in a research report on Monday, September 9th. Susquehanna Bancshares set a $48.00 price target on Genesco and gave the company a “buy” rating in a research report on Friday, September 6th. Finally, Zacks Investment Research upgraded Genesco from a “hold” rating to a “strong-buy” rating and set a $47.00 price target for the company in a research report on Tuesday, September 10th. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Genesco presently has a consensus rating of “Buy” and an average price target of $46.00.
Genesco stock opened at $40.18 on Thursday. The stock has a market capitalization of $602.70 million, a PE ratio of 12.25, a price-to-earnings-growth ratio of 1.90 and a beta of 0.54. Genesco Inc. has a 12 month low of $31.65 and a 12 month high of $50.73. The business has a 50 day simple moving average of $38.41 and a 200-day simple moving average of $41.18. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.43 and a quick ratio of 0.32.
Genesco (NYSE:GCO) last posted its quarterly earnings data on Friday, September 6th. The company reported $0.15 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.18. The business had revenue of $486.57 million during the quarter, compared to analysts’ expectations of $491.65 million. Genesco had a positive return on equity of 9.83% and a negative net margin of 1.80%. The business’s revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.04 earnings per share. On average, equities research analysts anticipate that Genesco Inc. will post 4.01 EPS for the current fiscal year.
Genesco Company Profile
Genesco Inc operates as a retailer and wholesaler of footwear, apparel, and accessories. The company operates through four segments: Journeys Group, Schuh Group, Johnston & Murphy Group, and Licensed Brands. The Journeys Group segment offers footwear and accessories through the Journeys, Journeys Kidz, and Little Burgundy retail chains, as well as through e-commerce and catalogs for young men, women, and children.
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