Genesco Inc. (NYSE:GCO - Get Free Report) Director Gregory A. Sandfort purchased 10,974 shares of the business's stock in a transaction on Thursday, March 20th. The stock was purchased at an average cost of $22.92 per share, with a total value of $251,524.08. Following the completion of the acquisition, the director now owns 26,754 shares in the company, valued at approximately $613,201.68. This trade represents a 69.54 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.
Genesco Stock Performance
NYSE:GCO opened at $22.06 on Friday. The company has a market capitalization of $247.36 million, a price-to-earnings ratio of -9.08 and a beta of 2.41. The business has a 50 day moving average of $36.07 and a 200 day moving average of $33.68. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.56 and a quick ratio of 0.32. Genesco Inc. has a 1-year low of $20.09 and a 1-year high of $44.80.
Genesco (NYSE:GCO - Get Free Report) last released its earnings results on Friday, March 7th. The company reported $3.26 EPS for the quarter, missing the consensus estimate of $3.31 by ($0.05). Genesco had a negative net margin of 1.13% and a positive return on equity of 0.56%. The business had revenue of $745.95 million for the quarter, compared to the consensus estimate of $780.43 million. During the same period in the prior year, the business posted $2.59 EPS. On average, sell-side analysts predict that Genesco Inc. will post 0.94 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Separately, StockNews.com cut shares of Genesco from a "buy" rating to a "hold" rating in a research report on Friday, March 7th.
Read Our Latest Stock Analysis on Genesco
Institutional Investors Weigh In On Genesco
Large investors have recently added to or reduced their stakes in the company. Mackenzie Financial Corp bought a new stake in Genesco in the fourth quarter worth about $596,000. Virtus Investment Advisers Inc. bought a new stake in shares of Genesco in the 4th quarter valued at about $361,000. State of Wyoming bought a new position in Genesco in the fourth quarter worth approximately $242,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Genesco during the 4th quarter valued at $35,000. Finally, Occudo Quantitative Strategies LP bought a new position in shares of Genesco in the 4th quarter worth $356,000. Institutional investors own 94.51% of the company's stock.
About Genesco
(
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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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