5,666 Shares in Genesco Inc. (NYSE:GCO) Acquired by State of Wyoming

State of Wyoming bought a new position in shares of Genesco Inc. (NYSE:GCO) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 5,666 shares of the company’s stock, valued at approximately $242,000. State of Wyoming owned 0.05% of Genesco at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Portolan Capital Management LLC acquired a new stake in Genesco in the fourth quarter valued at approximately $19,847,000. Fund 1 Investments LLC grew its stake in Genesco by 1,045.4% in the fourth quarter. Fund 1 Investments LLC now owns 242,965 shares of the company’s stock valued at $10,387,000 after acquiring an additional 221,752 shares during the period. Marshall Wace LLP grew its stake in Genesco by 28.6% in the fourth quarter. Marshall Wace LLP now owns 428,143 shares of the company’s stock valued at $18,303,000 after acquiring an additional 95,195 shares during the period. American Century Companies Inc. grew its stake in Genesco by 25.3% in the fourth quarter. American Century Companies Inc. now owns 276,807 shares of the company’s stock valued at $11,833,000 after acquiring an additional 55,977 shares during the period. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in Genesco in the fourth quarter valued at approximately $1,891,000. Institutional investors and hedge funds own 94.51% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Wall Street Zen cut Genesco from a “buy” rating to a “hold” rating in a research note on Tuesday, April 15th. Jefferies Financial Group reissued a “hold” rating and issued a $24.00 price objective (down previously from $27.00) on shares of Genesco in a research note on Wednesday.

Insider Activity

In related news, major shareholder Fund 1 Investments, Llc sold 12,000 shares of Genesco stock in a transaction on Friday, March 28th. The stock was sold at an average price of $20.73, for a total transaction of $248,760.00. Following the sale, the insider now directly owns 1,097,850 shares in the company, valued at approximately $22,758,430.50. This trade represents a 1.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gregory A. Sandfort purchased 10,974 shares of the company’s stock in a transaction that occurred on Thursday, March 20th. The shares were acquired at an average price of $22.92 per share, for a total transaction of $251,524.08. Following the completion of the acquisition, the director now directly owns 26,754 shares of the company’s stock, valued at $613,201.68. This trade represents a 69.54% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 7.09% of the company’s stock.

Genesco Stock Down 4.0%

GCO stock opened at $20.98 on Friday. Genesco Inc. has a twelve month low of $16.19 and a twelve month high of $44.80. The company has a quick ratio of 0.32, a current ratio of 1.56 and a debt-to-equity ratio of 0.19. The stock’s 50 day moving average is $20.67 and its 200-day moving average is $31.40. The firm has a market capitalization of $226.19 million, a PE ratio of -8.63 and a beta of 2.14.

Genesco (NYSE:GCO) last posted its earnings results on Friday, March 7th. The company reported $3.26 earnings per share for the quarter, missing analysts’ consensus estimates of $3.31 by ($0.05). Genesco had a negative net margin of 1.13% and a positive return on equity of 0.56%. The company had revenue of $745.95 million during the quarter, compared to the consensus estimate of $780.43 million. During the same quarter in the prior year, the business earned $2.59 EPS. Sell-side analysts expect that Genesco Inc. will post 0.94 EPS for the current fiscal year.

Genesco Company Profile

Genesco Inc operates as a retailer and wholesaler of footwear, apparel, and accessories in the United States, Puerto Rico, Canada, the United Kingdom, and the Republic of Ireland. The company operates through four segments: Journeys Group, Schuh Group, Johnston & Murphy Group, and Genesco Brands.