Quad Capital Management Advisors LLC purchased a new position in Genesco (NYSE:GCO) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,000 shares of the company’s stock, valued at approximately $390,000. Quad Capital Management Advisors LLC owned 0.06% of Genesco as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of the stock. Public Employees Retirement System of Ohio increased its position in Genesco by 16.9% during the second quarter. Public Employees Retirement System of Ohio now owns 4,278 shares of the company’s stock valued at $145,000 after acquiring an additional 618 shares during the last quarter. Crossmark Global Holdings Inc. increased its position in Genesco by 27.7% in the fourth quarter. Crossmark Global Holdings Inc. now owns 11,530 shares of the company’s stock worth $375,000 after buying an additional 2,500 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its position in Genesco by 32.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 10,780 shares of the company’s stock worth $287,000 after buying an additional 2,650 shares in the last quarter. Bank of Montreal Can increased its position in Genesco by 9.6% in the fourth quarter. Bank of Montreal Can now owns 31,833 shares of the company’s stock worth $1,034,000 after buying an additional 2,778 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in Genesco by 4.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 70,096 shares of the company’s stock worth $2,278,000 after buying an additional 3,186 shares in the last quarter. 99.24% of the stock is currently owned by institutional investors.
Several analysts recently issued reports on the company. Robert W. Baird reiterated a “hold” rating and set a $45.00 target price on shares of Genesco in a research report on Friday. Piper Jaffray set a $44.00 price objective on Genesco and gave the company a “buy” rating in a research note on Thursday, March 15th. Pivotal Research lowered Genesco from a “buy” rating to a “hold” rating and lowered their price objective for the company from $46.00 to $41.00 in a research note on Thursday, March 15th. Zacks Investment Research raised Genesco from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a research note on Friday, March 16th. Finally, TheStreet raised Genesco from a “d+” rating to a “c-” rating in a research note on Wednesday, March 21st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. Genesco has a consensus rating of “Hold” and an average target price of $41.00.
NYSE:GCO opened at $44.00 on Friday. The company has a quick ratio of 0.60, a current ratio of 2.72 and a debt-to-equity ratio of 0.10. The company has a market cap of $873.19, a price-to-earnings ratio of 14.01, a PEG ratio of 1.39 and a beta of 1.06. Genesco has a 12 month low of $20.90 and a 12 month high of $55.90.
Genesco (NYSE:GCO) last released its quarterly earnings data on Thursday, March 15th. The company reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $2.09 by $0.06. Genesco had a positive return on equity of 7.07% and a negative net margin of 3.85%. The firm had revenue of $930.00 million for the quarter, compared to analysts’ expectations of $902.00 million. During the same period in the prior year, the firm posted $2.15 earnings per share. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. equities research analysts forecast that Genesco will post 3.33 earnings per share for the current year.
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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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