Tudor Investment Corp Et Al cut its position in Genesco Inc. (NYSE:GCO) by 39.6% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 4,800 shares of the company’s stock after selling 3,144 shares during the period. Tudor Investment Corp Et Al’s holdings in Genesco were worth $298,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of GCO. Envestnet Asset Management Inc. boosted its position in Genesco by 34.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 1,860 shares of the company’s stock worth $116,000 after buying an additional 475 shares during the last quarter. Royal Bank of Canada boosted its position in Genesco by 261.6% in the second quarter. Royal Bank of Canada now owns 3,641 shares of the company’s stock worth $234,000 after buying an additional 2,634 shares during the last quarter. Weiss Asset Management LP bought a new position in Genesco during the third quarter worth approximately $238,000. Municipal Employees Retirement System of Michigan boosted its position in Genesco by 1.8% in the third quarter. Municipal Employees Retirement System of Michigan now owns 4,640 shares of the company’s stock worth $253,000 after buying an additional 80 shares during the last quarter. Finally, BlackRock Inc. boosted its position in Genesco by 2.4% in the third quarter. BlackRock Inc. now owns 5,974 shares of the company’s stock worth $325,000 after buying an additional 141 shares during the last quarter. Hedge funds and other institutional investors own 95.46% of the company’s stock.
Genesco Inc. (NYSE:GCO) opened at 58.10 on Tuesday. The firm’s 50-day moving average is $59.57 and its 200 day moving average is $59.39. The company has a market capitalization of $1.13 billion, a PE ratio of 12.03 and a beta of 1.28. Genesco Inc. has a one year low of $47.66 and a one year high of $74.21.
Genesco (NYSE:GCO) last posted its quarterly earnings results on Friday, March 10th. The company reported $2.15 EPS for the quarter, topping the consensus estimate of $1.78 by $0.37. Genesco had a return on equity of 10.10% and a net margin of 3.34%. The business had revenue of $883 million for the quarter, compared to analyst estimates of $901.35 million. During the same quarter in the previous year, the firm earned $2.11 EPS. The company’s quarterly revenue was down 5.3% compared to the same quarter last year. On average, equities analysts expect that Genesco Inc. will post $4.47 EPS for the current fiscal year.
A number of research analysts have recently commented on the stock. B. Riley restated a “neutral” rating and issued a $65.00 price target on shares of Genesco in a report on Monday, November 28th. Zacks Investment Research upgraded shares of Genesco from a “hold” rating to a “buy” rating and set a $67.00 price target on the stock in a report on Monday, February 6th. Piper Jaffray Companies set a $63.00 price target on shares of Genesco and gave the stock a “hold” rating in a report on Saturday, March 11th. Finally, Susquehanna Bancshares Inc restated a “hold” rating on shares of Genesco in a report on Sunday, December 4th. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $64.75.
In other news, Director Thurgood Marshall, Jr. sold 1,572 shares of Genesco stock in a transaction on Thursday, December 29th. The stock was sold at an average price of $61.27, for a total transaction of $96,316.44. Following the transaction, the director now owns 9,016 shares in the company, valued at approximately $552,410.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.00% of the stock is owned by 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. Its Journeys Group segment includes Journeys, Journeys Kidz, Shi by Journeys, Little Burgundy and Underground by Journeys retail stores, catalog and e-commerce operations.
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