Ameriprise Financial Inc. lowered its position in shares of Genesco Inc. (NYSE:GCO) by 32.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 194,584 shares of the company’s stock after selling 92,570 shares during the period. Ameriprise Financial Inc. owned 0.98% of Genesco worth $5,176,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC purchased a new stake in shares of Genesco in the 2nd quarter valued at $144,000. Public Employees Retirement System of Ohio boosted its stake in shares of Genesco by 16.9% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 4,278 shares of the company’s stock valued at $145,000 after purchasing an additional 618 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new stake in shares of Genesco in the 3rd quarter valued at $240,000. Pacad Investment Ltd. boosted its stake in shares of Genesco by 109.7% in the 2nd quarter. Pacad Investment Ltd. now owns 7,550 shares of the company’s stock valued at $256,000 after purchasing an additional 3,950 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of Genesco by 182.8% in the 2nd quarter. SG Americas Securities LLC now owns 7,962 shares of the company’s stock valued at $270,000 after purchasing an additional 5,147 shares in the last quarter. 97.65% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have recently issued reports on GCO shares. Zacks Investment Research raised shares of Genesco from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 14th. SunTrust Banks set a $33.00 price target on shares of Genesco and gave the company a “buy” rating in a report on Monday, October 16th. Buckingham Research upped their price target on shares of Genesco from $23.00 to $30.00 and gave the company a “neutral” rating in a report on Monday, November 20th. ValuEngine upgraded shares of Genesco from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $39.00 price target on shares of Genesco in a report on Sunday, October 1st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $34.25.
Shares of Genesco Inc. (NYSE GCO) opened at $35.30 on Friday. The firm has a market cap of $702.94, a PE ratio of -5.60, a PEG ratio of 1.20 and a beta of 1.37. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.31 and a quick ratio of 0.47. Genesco Inc. has a 1 year low of $20.90 and a 1 year high of $65.70.
Genesco (NYSE:GCO) last released its earnings results on Friday, December 1st. The company reported $1.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.12 by ($0.10). Genesco had a positive return on equity of 6.93% and a negative net margin of 4.24%. The business had revenue of $716.80 million during the quarter, compared to analysts’ expectations of $706.58 million. During the same period in the prior year, the company earned $1.28 earnings per share. The firm’s quarterly revenue was up .8% compared to the same quarter last year. research analysts anticipate that Genesco Inc. will post 3.07 earnings per share for the current fiscal year.
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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. It relies on independent third-party manufacturers for production of its footwear products sold at wholesale.
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