Engineers Gate Manager LP bought a new position in shares of Genesco (NYSE:GCO) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 42,489 shares of the company’s stock, valued at approximately $1,725,000. Engineers Gate Manager LP owned about 0.21% of Genesco as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Carillon Tower Advisers Inc. bought a new stake in Genesco in the fourth quarter valued at $42,811,000. Legion Partners Asset Management LLC bought a new stake in Genesco in the fourth quarter valued at $26,777,000. Royce & Associates LP bought a new stake in Genesco in the fourth quarter valued at $11,130,000. Prudential Financial Inc. increased its stake in Genesco by 50.3% in the first quarter. Prudential Financial Inc. now owns 544,941 shares of the company’s stock valued at $22,125,000 after purchasing an additional 182,400 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in Genesco in the fourth quarter valued at $3,824,000.
NYSE:GCO opened at $44.35 on Friday. The company has a quick ratio of 0.59, a current ratio of 2.72 and a debt-to-equity ratio of 0.10. The stock has a market cap of $896.21 million, a PE ratio of 14.38, a price-to-earnings-growth ratio of 1.42 and a beta of 1.05. Genesco has a one year low of $20.90 and a one year high of $47.80.
Genesco (NYSE:GCO) last posted its earnings results on Thursday, March 15th. The company reported $2.15 EPS for the quarter, topping the consensus estimate of $2.09 by $0.06. The company had revenue of $930.00 million during the quarter, compared to the consensus estimate of $902.00 million. Genesco had a negative net margin of 3.85% and a positive return on equity of 7.07%. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the previous year, the firm posted $2.15 earnings per share. equities analysts predict that Genesco will post 3.33 earnings per share for the current fiscal year.
Several equities research analysts have weighed in on the stock. Zacks Investment Research raised shares of Genesco from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Robert W. Baird reaffirmed a “hold” rating and issued a $45.00 price target on shares of Genesco in a research note on Friday, April 6th. ValuEngine downgraded shares of Genesco from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. Pivotal Research set a $46.00 price target on shares of Genesco and gave the company a “buy” rating in a research note on Wednesday, March 14th. Finally, Jefferies Group set a $45.00 price target on shares of Genesco and gave the company a “buy” rating in a research note on Monday, February 26th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $41.00.
In other news, Director Thurgood Marshall, Jr. sold 2,200 shares of the business’s stock in a transaction dated Wednesday, April 4th. The shares were sold at an average price of $42.31, for a total transaction of $93,082.00. Following the completion of the sale, the director now directly owns 9,281 shares of the company’s stock, valued at $392,679.11. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 3.30% of the company’s stock.
Genesco Company Profile
Genesco Inc retails and wholesales footwear, apparel, and accessories. The company operates in five segments: Journeys Group, Schuh Group, Lids Sports Group, Johnston & Murphy Group, and Licensed Brands. The Journeys Group segment offers footwear and accessories through the Journeys, Journeys Kidz, Shi by Journeys, and Little Burgundy retail chains, as well as through e-commerce and catalogs for young men, women, and children.
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