1 day Ago By ABMN Staff
American Century Companies Inc. increased its stake in shares of Genesco Inc. ( NYSE:GCO – Free Report ) by 25.
3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 276,807 shares of the company’s stock after buying an additional 55,977 shares during the period. American Century Companies Inc.
’s holdings in Genesco were worth $11,833,000 as of its most recent SEC filing. Several other hedge funds have also added to or reduced their stakes in the stock. Versor Investments LP purchased a new stake in shares of Genesco during the 4th quarter worth approximately $543,000.
Proficio Capital Partners LLC bought a new position in Genesco during the fourth quarter valued at $479,000. Franklin Resources Inc. increased its position in Genesco by 8.
4% in the third quarter. Franklin Resources Inc. now owns 11,108 shares of the company’s stock worth $313,000 after buying an additional 859 shares during the last quarter.
JPMorgan Chase & Co. raised its stake in shares of Genesco by 124.9% in the third quarter.
JPMorgan Chase & Co. now owns 251,142 shares of the company’s stock valued at $6,824,000 after buying an additional 139,485 shares during the period. Finally, Martingale Asset Management L P purchased a new position in shares of Genesco during the 3rd quarter valued at $842,000.
Institutional investors own 94.51% of the company’s stock. Analyst Ratings Changes Separately, StockNews.
com lowered Genesco from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Genesco Stock Performance NYSE GCO opened at $21.77 on Wednesday.
The firm has a market cap of $240.31 million, a P/E ratio of -8.96 and a beta of 2.
41. The company has a quick ratio of 0.32, a current ratio of 1.
56 and a debt-to-equity ratio of 0.19. The company’s 50 day moving average is $33.
04 and its 200-day moving average is $33.47. Genesco Inc.
has a 12-month low of $20.09 and a 12-month high of $44.80.
Genesco ( NYSE:GCO – Get Free Report ) last issued its earnings results on Friday, March 7th. The company reported $3.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 previous year, the firm earned $2.
59 EPS. Sell-side analysts predict that Genesco Inc. will post 0.
94 earnings per share for the current year. Insider Buying and Selling In other news, Director Gregory A. Sandfort bought 10,974 shares of the stock in a transaction on Thursday, March 20th.
The shares were acquired at an average cost of $22.92 per share, for a total transaction of $251,524.08.
Following the purchase, the director now directly owns 26,754 shares of the company’s stock, valued at $613,201.68. This trade represents a 69.
54 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website . Also, major shareholder Fund 1 Investments, Llc sold 12,000 shares of the firm’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 approximately $22,758,430.50. The trade was a 1.
08 % decrease in their ownership of the stock. The disclosure for this sale can be found here . 7.
09% of the stock is currently owned by insiders. Genesco Company Profile ( 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.
Featured Articles Want to see what other hedge funds are holding GCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Genesco Inc. ( NYSE:GCO – Free Report ).
Receive News & Ratings for Genesco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genesco and related companies with MarketBeat.com's FREE daily email newsletter ..
_8.jpg?itok=wp-xhXRB)
