Louisiana State Employees Retirement System lowered its position in Genesco Inc. (NYSE:GCO) by 5.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,300 shares of the company’s stock after selling 500 shares during the period. Louisiana State Employees Retirement System’s holdings in Genesco were worth $598,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in GCO. Squarepoint Ops LLC boosted its stake in shares of Genesco by 13.6% in the first quarter. Squarepoint Ops LLC now owns 9,024 shares of the company’s stock worth $652,000 after buying an additional 1,081 shares during the last quarter. Barclays PLC boosted its stake in Genesco by 230.1% in the first quarter. Barclays PLC now owns 57,027 shares of the company’s stock valued at $4,106,000 after buying an additional 39,753 shares in the last quarter. Magnetar Financial LLC acquired a new stake in Genesco during the first quarter valued at $388,000. Loomis Sayles & Co. L P boosted its stake in Genesco by 2.2% in the first quarter. Loomis Sayles & Co. L P now owns 267,745 shares of the company’s stock valued at $19,345,000 after buying an additional 5,882 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in Genesco by 36.6% in the first quarter. Goldman Sachs Group Inc. now owns 62,762 shares of the company’s stock valued at $4,534,000 after buying an additional 16,808 shares in the last quarter. 94.05% of the stock is owned by hedge funds and other institutional investors.
Genesco Inc. (NYSE:GCO) traded up 1.06% on Friday, reaching $55.37. The company’s stock had a trading volume of 139,740 shares. Genesco Inc. has a 12 month low of $47.66 and a 12 month high of $74.21. The company has a 50-day moving average price of $54.81 and a 200 day moving average price of $64.10. The company has a market cap of $1.14 billion, a P/E ratio of 11.61 and a beta of 1.23.
Genesco (NYSE:GCO) last released its quarterly earnings results on Thursday, September 1st. The company reported $0.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.07. The business earned $625.60 million during the quarter. Genesco had a return on equity of 10.65% and a net margin of 3.49%. The business’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.36 earnings per share. On average, equities research analysts anticipate that Genesco Inc. will post $3.89 EPS for the current fiscal year.
Several equities research analysts have recently weighed in on the company. B. Riley reissued a “neutral” rating and issued a $61.00 price objective on shares of Genesco in a research report on Thursday, October 6th. Zacks Investment Research cut Genesco from a “hold” rating to a “sell” rating in a research report on Tuesday, August 2nd. Morgan Stanley cut Genesco from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $79.00 to $74.00 in a research report on Wednesday, July 20th. Piper Jaffray Cos. reissued a “neutral” rating and issued a $62.00 price objective on shares of Genesco in a research report on Thursday, September 1st. Finally, TheStreet cut Genesco from a “buy” rating to a “hold” rating in a research report on Wednesday, September 14th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $64.38.
In other news, Director Leonard L. Berry purchased 2,000 shares of Genesco stock in a transaction that occurred on Friday, September 16th. The stock was acquired at an average cost of $51.34 per share, for a total transaction of $102,680.00. Following the purchase, the director now directly owns 28,277 shares of the company’s stock, valued at approximately $1,451,741.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David M. Tehle purchased 4,100 shares of Genesco stock in a transaction that occurred on Friday, September 9th. The stock was purchased at an average price of $48.66 per share, with a total value of $199,506.00. Following the completion of the purchase, the director now directly owns 6,006 shares in the company, valued at $292,251.96. The disclosure for this purchase can be found here. 3.00% of the stock is owned by corporate insiders.
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.