Trading Report: Today, Macquarie Group Ltd. invests in Genesco Inc. (GCO) Shares

Today, Macquarie Group Ltd. invests in Genesco Inc. (GCO) Shares

Macquarie Group Ltd. increased its position in shares of Genesco Inc. (NYSE:GCO) by 1.5% during the second quarter, Holdings Channel reports. The firm owned 264,197 shares of the company’s stock after buying an additional 3,847 shares during the period. Macquarie Group Ltd.’s holdings in Genesco were worth $16,991,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Squarepoint Ops LLC increased its position in shares of Genesco by 13.6% in the first quarter. Squarepoint Ops LLC now owns 9,024 shares of the company’s stock valued at $652,000 after buying an additional 1,081 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Genesco by 69.1% in the second quarter. BNP Paribas Arbitrage SA now owns 10,002 shares of the company’s stock valued at $643,000 after buying an additional 4,087 shares during the last quarter. Alpha Windward LLC increased its position in shares of Genesco by 5.8% in the second quarter. Alpha Windward LLC now owns 6,600 shares of the company’s stock valued at $424,000 after buying an additional 360 shares during the last quarter. Strs Ohio increased its position in shares of Genesco by 4.1% in the second quarter. Strs Ohio now owns 15,200 shares of the company’s stock valued at $977,000 after buying an additional 600 shares during the last quarter. Finally, Hood River Capital Management LLC increased its position in shares of Genesco by 2.8% in the second quarter. Hood River Capital Management LLC now owns 190,592 shares of the company’s stock valued at $12,257,000 after buying an additional 5,103 shares during the last quarter. 96.04% of the stock is currently owned by hedge funds and other institutional investors.

Genesco Inc. (NYSE:GCO) traded down 1.71% during trading on Monday, reaching $66.15. 169,771 shares of the company’s stock traded hands. The company has a 50-day moving average of $58.28 and a 200 day moving average of $61.86. Genesco Inc. has a 12 month low of $47.66 and a 12 month high of $74.21. The stock has a market capitalization of $1.36 billion, a P/E ratio of 13.87 and a beta of 1.18.

Genesco (NYSE:GCO) last announced its earnings results on Thursday, September 1st. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.07. The company earned $625.60 million during the quarter. Genesco had a net margin of 3.49% and a return on equity of 10.65%. The business’s revenue was down 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.36 EPS. On average, equities research analysts expect that Genesco Inc. will post $3.90 earnings per share for the current fiscal year.

Several research firms have recently commented on GCO. Robert W. Baird cut shares of Genesco from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $80.00 to $53.00 in a research note on Friday, September 2nd. Susquehanna began coverage on shares of Genesco in a research note on Thursday, September 15th. They issued a “positive” rating and a $57.00 target price for the company. Zacks Investment Research cut shares of Genesco from a “hold” rating to a “sell” rating in a research note on Friday, September 2nd. TheStreet cut shares of Genesco from a “buy” rating to a “hold” rating in a research note on Wednesday, September 14th. Finally, CL King cut shares of Genesco from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 19th. Ten investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $64.38.

In other Genesco news, insider David Baxter bought 5,000 shares of the business’s stock in a transaction on Tuesday, September 20th. The stock was bought at an average price of $51.34 per share, for a total transaction of $256,700.00. Following the completion of the transaction, the insider now owns 15,644 shares in the company, valued at approximately $803,162.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David M. Tehle bought 4,100 shares of the business’s stock in a transaction on Friday, September 9th. The shares were acquired at an average price of $48.66 per share, with a total value of $199,506.00. Following the transaction, the director now owns 6,006 shares of the company’s stock, valued at approximately $292,251.96. The disclosure for this purchase can be found here. Company insiders own 3.00% of the company’s stock.

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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