California Public Employees Retirement System Buys 28,076 Shares of Genesco Inc. (GCO)

California Public Employees Retirement System raised its holdings in Genesco Inc. (NYSE:GCO) by 27.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 129,633 shares of the company’s stock after buying an additional 28,076 shares during the quarter. California Public Employees Retirement System’s holdings in Genesco were worth $3,448,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Valeo Financial Advisors LLC acquired a new stake in Genesco in the third quarter valued at approximately $1,987,000. KBC Group NV grew its holdings in Genesco by 12.4% in the third quarter. KBC Group NV now owns 30,924 shares of the company’s stock valued at $823,000 after purchasing an additional 3,412 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in Genesco by 37.3% in the third quarter. Schwab Charles Investment Management Inc. now owns 275,132 shares of the company’s stock valued at $7,319,000 after purchasing an additional 74,700 shares during the period. Wells Fargo & Company MN grew its holdings in Genesco by 17.6% in the third quarter. Wells Fargo & Company MN now owns 64,964 shares of the company’s stock valued at $1,728,000 after purchasing an additional 9,739 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in Genesco by 635.0% in the third quarter. JPMorgan Chase & Co. now owns 190,388 shares of the company’s stock valued at $5,026,000 after purchasing an additional 164,485 shares during the period. 97.65% of the stock is currently owned by institutional investors.

Several analysts have commented on GCO shares. Piper Jaffray Companies reissued a “buy” rating and issued a $39.00 price objective on shares of Genesco in a report on Sunday, October 1st. Jefferies Group raised Genesco from a “hold” rating to a “buy” rating in a research note on Tuesday, January 2nd. Zacks Investment Research raised Genesco from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 14th. Buckingham Research lifted their price target on Genesco from $23.00 to $30.00 and gave the stock a “neutral” rating in a research note on Monday, November 20th. Finally, SunTrust Banks set a $33.00 price target on Genesco and gave the stock a “buy” rating in a research note on Monday, October 16th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. Genesco currently has an average rating of “Hold” and an average target price of $34.25.

Shares of Genesco Inc. (GCO) opened at $35.30 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.31 and a quick ratio of 0.47. The stock has a market capitalization of $702.94, a P/E ratio of -5.60, a PEG ratio of 1.20 and a beta of 1.37. Genesco Inc. has a 12 month low of $20.90 and a 12 month high of $65.70.

Genesco (NYSE:GCO) last issued its quarterly earnings results on Friday, December 1st. The company reported $1.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.12 by ($0.10). The firm had revenue of $716.80 million during the quarter, compared to analyst estimates of $706.58 million. Genesco had a positive return on equity of 6.93% and a negative net margin of 4.24%. The business’s revenue was up .8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.28 earnings per share. research analysts predict that Genesco Inc. will post 3.07 EPS for the current fiscal year.

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Genesco 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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Institutional Ownership by Quarter for Genesco (NYSE:GCO)

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