Aperio Group LLC boosted its position in Genesco Inc. (NYSE:GCO) by 302.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 43,829 shares of the company’s stock after buying an additional 32,937 shares during the period. Aperio Group LLC’s holdings in Genesco were worth $1,486,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently bought and sold shares of GCO. UBS Asset Management Americas Inc. increased its stake in Genesco by 145.1% in the first quarter. UBS Asset Management Americas Inc. now owns 10,536 shares of the company’s stock worth $584,000 after buying an additional 6,237 shares in the last quarter. Smith Asset Management Group LP purchased a new stake in Genesco during the first quarter worth approximately $698,000. BNP Paribas Arbitrage SA increased its stake in Genesco by 298.0% in the first quarter. BNP Paribas Arbitrage SA now owns 35,286 shares of the company’s stock worth $1,957,000 after buying an additional 26,420 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Genesco by 48.5% in the first quarter. Bank of New York Mellon Corp now owns 449,520 shares of the company’s stock worth $24,926,000 after buying an additional 146,748 shares in the last quarter. Finally, Princeton Alpha Management LP increased its stake in Genesco by 135.9% in the first quarter. Princeton Alpha Management LP now owns 8,089 shares of the company’s stock worth $449,000 after buying an additional 4,660 shares in the last quarter.
Shares of Genesco Inc. (NYSE GCO) traded up 0.88% during midday trading on Friday, hitting $28.70. The stock had a trading volume of 342,689 shares. Genesco Inc. has a 52 week low of $27.75 and a 52 week high of $74.21. The stock has a 50 day moving average price of $32.07 and a 200-day moving average price of $46.89. The stock has a market capitalization of $562.32 million, a price-to-earnings ratio of 6.45 and a beta of 1.24.
Genesco (NYSE:GCO) last issued its quarterly earnings data on Thursday, May 25th. The company reported $0.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by $0.22. The business had revenue of $643.40 million for the quarter, compared to analyst estimates of $644.15 million. Genesco had a return on equity of 8.41% and a net margin of 3.07%. The business’s quarterly revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.62 EPS. Equities research analysts anticipate that Genesco Inc. will post $3.89 earnings per share for the current year.
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A number of research firms have recently commented on GCO. Jefferies Group LLC set a $62.00 price objective on Genesco and gave the stock a “hold” rating in a research note on Thursday, April 20th. Susquehanna Bancshares Inc raised Genesco from a “neutral” rating to a “positive” rating and set a $66.00 price objective on the stock in a research note on Wednesday, April 26th. UBS AG raised Genesco from a “neutral” rating to a “positive” rating in a research note on Wednesday, April 26th. Piper Jaffray Companies raised Genesco from a “neutral” rating to an “overweight” rating and dropped their price objective for the stock from $63.00 to $62.00 in a research note on Thursday, April 20th. Finally, Zacks Investment Research raised Genesco from a “sell” rating to a “hold” rating in a research note on Thursday, May 18th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $48.29.
In other Genesco news, Director Kevin Patrick Mcdermott acquired 1,000 shares of the company’s stock in a transaction that occurred on Thursday, July 6th. The shares were acquired at an average price of $32.32 per share, with a total value of $32,320.00. Following the purchase, the director now owns 8,657 shares of the company’s stock, valued at approximately $279,794.24. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.30% of the company’s stock.
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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