Jefferies Group LLC increased its holdings in Genesco (NYSE:GCO) by 161.8% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 43,188 shares of the company’s stock after buying an additional 26,690 shares during the quarter. Jefferies Group LLC owned about 0.22% of Genesco worth $1,404,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. BlackRock Inc. increased its holdings in Genesco by 4.2% in the 4th quarter. BlackRock Inc. now owns 2,534,649 shares of the company’s stock worth $82,376,000 after buying an additional 102,787 shares in the last quarter. Carillon Tower Advisers Inc. bought a new stake in Genesco in the 4th quarter worth about $42,811,000. Fuller & Thaler Asset Management Inc. increased its holdings in Genesco by 0.4% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 909,846 shares of the company’s stock worth $24,202,000 after buying an additional 3,578 shares in the last quarter. State Street Corp increased its holdings in Genesco by 12.4% in the 2nd quarter. State Street Corp now owns 648,235 shares of the company’s stock worth $21,977,000 after buying an additional 71,541 shares in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in Genesco by 1.8% in the 4th quarter. Victory Capital Management Inc. now owns 552,829 shares of the company’s stock worth $17,967,000 after buying an additional 9,744 shares in the last quarter. Institutional investors own 99.24% of the company’s stock.
Several equities research analysts recently commented on GCO shares. Pivotal Research initiated coverage on Genesco in a report on Thursday, January 25th. They issued a “buy” rating and a $44.00 price objective for the company. Susquehanna Bancshares restated a “hold” rating and set a $31.00 price target on shares of Genesco in a research note on Tuesday, January 16th. SunTrust Banks boosted their price target on Genesco to $39.00 and gave the company a “buy” rating in a research note on Tuesday, January 9th. Piper Jaffray set a $40.00 price target on Genesco and gave the company a “buy” rating in a research note on Wednesday, February 14th. Finally, Zacks Investment Research downgraded Genesco from a “buy” rating to a “hold” rating in a research note on Monday, March 5th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $41.00.
Shares of NYSE:GCO opened at $44.00 on Friday. The company has a market cap of $847.31, a P/E ratio of 14.01, a P/E/G ratio of 1.35 and a beta of 1.06. The company has a quick ratio of 0.60, a current ratio of 2.70 and a debt-to-equity ratio of 0.10. Genesco has a 12-month low of $20.90 and a 12-month high of $55.90.
Genesco (NYSE:GCO) last announced its quarterly earnings data on Thursday, March 15th. The company reported $2.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.09 by $0.06. The company had revenue of $930.00 million during the quarter, compared to the consensus estimate of $902.00 million. Genesco had a positive return on equity of 7.07% and a negative net margin of 3.85%. The firm’s revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the company posted $2.15 EPS. sell-side analysts expect that Genesco will post 3.33 earnings per share for the current year.
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Genesco Company Profile
Genesco Inc retails and wholesales footwear, apparel, and accessories. The company's Journeys Group segment offers footwear and accessories through the Journeys, Journeys Kidz, Shi by Journeys, Little Burgundy, and Underground by Journeys retail stores, as well as through e-commerce and catalogs for young men, women, and children.
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