Genesco Inc. (NYSE:GCO - Get Free Report) VP Daniel E. Ewoldsen sold 4,000 shares of the firm's stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $42.68, for a total transaction of $170,720.00. Following the sale, the vice president now directly owns 41,358 shares in the company, valued at approximately $1,765,159.44. The trade was a 8.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Genesco Stock Up 0.6 %
GCO stock opened at $43.48 on Wednesday. The company has a quick ratio of 0.32, a current ratio of 1.56 and a debt-to-equity ratio of 0.19. Genesco Inc. has a twelve month low of $23.21 and a twelve month high of $44.34. The stock has a market cap of $487.88 million, a P/E ratio of -17.89 and a beta of 2.47. The business's 50-day moving average price is $32.06 and its 200-day moving average price is $28.93.
Genesco (NYSE:GCO - Get Free Report) last posted its quarterly earnings results on Friday, December 6th. The company reported $0.61 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.31. The company had revenue of $596.30 million for the quarter, compared to analysts' expectations of $577.73 million. Genesco had a positive return on equity of 0.56% and a negative net margin of 1.13%. The firm's revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.57 EPS. On average, equities research analysts forecast that Genesco Inc. will post 0.81 EPS for the current year.
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Separately, StockNews.com raised Genesco from a "hold" rating to a "buy" rating in a report on Friday, December 6th.
Get Our Latest Analysis on GCO
Hedge Funds Weigh In On Genesco
Institutional investors and hedge funds have recently made changes to their positions in the business. Franklin Resources Inc. raised its holdings in Genesco by 8.4% during the 3rd quarter. Franklin Resources Inc. now owns 11,108 shares of the company's stock valued at $313,000 after buying an additional 859 shares during the period. Barclays PLC grew its stake in shares of Genesco by 103.1% during the third quarter. Barclays PLC now owns 20,730 shares of the company's stock valued at $563,000 after buying an additional 10,521 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Genesco by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 247,193 shares of the company's stock worth $6,718,000 after acquiring an additional 3,157 shares during the last quarter. State Street Corp grew its position in Genesco by 2.1% in the 3rd quarter. State Street Corp now owns 320,691 shares of the company's stock valued at $8,713,000 after acquiring an additional 6,587 shares during the last quarter. Finally, Point72 DIFC Ltd lifted its position in shares of Genesco by 1,627.4% during the third quarter. Point72 DIFC Ltd now owns 1,641 shares of the company's stock worth $45,000 after purchasing an additional 1,546 shares during the last quarter. 94.51% of the stock is owned by hedge funds and other institutional investors.
Genesco Company Profile
(
Get Free Report)
Genesco Inc operates as a retailer and wholesaler of footwear, apparel, and accessories in the United States, Puerto Rico, Canada, the United Kingdom, and the Republic of Ireland. The company operates through four segments: Journeys Group, Schuh Group, Johnston & Murphy Group, and Genesco Brands.
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