Genesco Inc. (NYSE:GCO) Shares Bought by Alliancebernstein L.P.

Alliancebernstein L.P. raised its position in Genesco Inc. (NYSE:GCO) by 30.5% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 107,825 shares of the company’s stock after buying an additional 25,200 shares during the quarter. Alliancebernstein L.P. owned about 0.73% of Genesco worth $1,438,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Ladenburg Thalmann Financial Services Inc. grew its stake in Genesco by 906.5% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,077 shares of the company’s stock valued at $51,000 after acquiring an additional 970 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Genesco by 8.0% in the 1st quarter. Victory Capital Management Inc. now owns 14,621 shares of the company’s stock valued at $195,000 after purchasing an additional 1,089 shares in the last quarter. Public Employees Retirement Association of Colorado lifted its holdings in Genesco by 42.0% in the 1st quarter. Public Employees Retirement Association of Colorado now owns 3,740 shares of the company’s stock valued at $50,000 after purchasing an additional 1,107 shares in the last quarter. Schonfeld Strategic Advisors LLC lifted its holdings in Genesco by 17.8% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 7,720 shares of the company’s stock valued at $370,000 after purchasing an additional 1,164 shares in the last quarter. Finally, Cahaba Wealth Management Inc. lifted its holdings in Genesco by 17.0% in the 1st quarter. Cahaba Wealth Management Inc. now owns 10,813 shares of the company’s stock valued at $144,000 after purchasing an additional 1,568 shares in the last quarter.

Shares of GCO opened at $20.96 on Wednesday. The business’s fifty day moving average price is $20.14 and its 200 day moving average price is $28.82. Genesco Inc. has a 12-month low of $5.51 and a 12-month high of $53.20. The stock has a market capitalization of $275.87 million, a PE ratio of -3.66 and a beta of 1.66. The company has a debt-to-equity ratio of 1.72, a current ratio of 1.71 and a quick ratio of 0.80.

Genesco (NYSE:GCO) last announced its quarterly earnings data on Tuesday, June 9th. The company reported ($3.65) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($2.52) by ($1.13). Genesco had a positive return on equity of 2.57% and a negative net margin of 4.03%. The firm had revenue of $279.20 million for the quarter, compared to the consensus estimate of $306.47 million. During the same quarter last year, the business earned $0.36 earnings per share. The business’s revenue for the quarter was down 43.7% compared to the same quarter last year. As a group, research analysts anticipate that Genesco Inc. will post -0.15 earnings per share for the current fiscal year.

Several research analysts have recently weighed in on the stock. ValuEngine upgraded shares of Genesco from a “hold” rating to a “buy” rating in a report on Thursday, June 11th. TheStreet downgraded shares of Genesco from a “c” rating to a “d” rating in a research report on Tuesday, June 9th. Susquehanna Bancshares reissued a “buy” rating and set a $32.00 price target on shares of Genesco in a research report on Tuesday, June 9th. Pivotal Research reissued a “buy” rating and set a $32.00 price target on shares of Genesco in a research report on Tuesday, June 9th. Finally, Robert W. Baird decreased their price target on shares of Genesco from $52.00 to $26.00 and set a “neutral” rating for the company in a research report on Friday, March 13th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $32.80.

Genesco Company Profile

Genesco Inc operates as a retailer and wholesaler of footwear, apparel, and accessories. The company operates through four segments: Journeys Group, Schuh Group, Johnston & Murphy Group, and Licensed Brands. The Journeys Group segment offers footwear and accessories through the Journeys, Journeys Kidz, and Little Burgundy retail chains, as well as through e-commerce and catalogs for young men, women, and children.

Read More: Convertible Shares

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Institutional Ownership by Quarter for Genesco (NYSE:GCO)

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