Genesco Inc. (NYSE:GCO - Get Free Report) major shareholder Fund 1 Investments, Llc sold 12,000 shares of the business's stock in a transaction on Friday, March 28th. The shares were sold at an average price of $20.73, for a total transaction of $248,760.00. Following the completion of the transaction, the insider now directly owns 1,097,850 shares of the company's stock, valued at $22,758,430.50. This trade represents a 1.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.
Genesco Price Performance
NYSE GCO opened at $21.21 on Tuesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.32 and a current ratio of 1.56. The stock has a market cap of $234.06 million, a price-to-earnings ratio of -8.73 and a beta of 2.41. The business has a 50 day simple moving average of $33.44 and a 200 day simple moving average of $33.50. Genesco Inc. has a 52-week low of $20.09 and a 52-week high of $44.80.
Genesco (NYSE:GCO - Get Free Report) last issued its quarterly earnings data on Friday, March 7th. The company reported $3.26 EPS for the quarter, missing analysts' consensus estimates of $3.31 by ($0.05). The company had revenue of $745.95 million for the quarter, compared to analyst estimates of $780.43 million. Genesco had a positive return on equity of 0.56% and a negative net margin of 1.13%. During the same quarter in the previous year, the business earned $2.59 earnings per share. Analysts anticipate that Genesco Inc. will post 0.94 earnings per share for the current fiscal year.
Institutional Trading of Genesco
A number of institutional investors have recently modified their holdings of GCO. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Genesco in the 4th quarter valued at approximately $35,000. Point72 DIFC Ltd grew its stake in shares of Genesco by 1,627.4% during the 3rd quarter. Point72 DIFC Ltd now owns 1,641 shares of the company's stock worth $45,000 after acquiring an additional 1,546 shares in the last quarter. Quest Partners LLC raised its holdings in shares of Genesco by 54.9% in the third quarter. Quest Partners LLC now owns 1,854 shares of the company's stock valued at $50,000 after purchasing an additional 657 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Genesco in the fourth quarter worth $111,000. Finally, Bayesian Capital Management LP bought a new position in Genesco in the fourth quarter valued at $234,000. 94.51% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered Genesco from a "buy" rating to a "hold" rating in a report on Friday, March 7th.
Read Our Latest Analysis on Genesco
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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