Genesco Inc. (GCO) Stake Increased by Capstone Asset Management Co.
Capstone Asset Management Co. raised its stake in Genesco Inc. (NYSE:GCO) by 1.7% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 8,180 shares of the company’s stock after buying an additional 140 shares during the period. Capstone Asset Management Co.’s holdings in Genesco were worth $277,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of GCO. UBS Asset Management Americas Inc. boosted 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 valued at $584,000 after buying an additional 6,237 shares during the period. Smith Asset Management Group LP acquired a new stake in Genesco during the first quarter valued at about $698,000. BNP Paribas Arbitrage SA boosted 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 valued at $1,957,000 after buying an additional 26,420 shares during the period. Bank of New York Mellon Corp boosted 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 valued at $24,926,000 after buying an additional 146,748 shares during the period. Finally, Princeton Alpha Management LP boosted 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 valued at $449,000 after buying an additional 4,660 shares during the period.
Shares of Genesco Inc. (NYSE GCO) traded up 3.40% during midday trading on Wednesday, hitting $27.35. The stock had a trading volume of 230,545 shares. Genesco Inc. has a 12-month low of $26.30 and a 12-month high of $74.21. The stock has a 50-day moving average price of $31.74 and a 200-day moving average price of $46.20. The stock has a market cap of $535.87 million, a P/E ratio of 6.14 and a beta of 1.24.
Genesco (NYSE:GCO) last issued its quarterly earnings results on Thursday, May 25th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by $0.22. The business had revenue of $643.40 million for the quarter, compared to analysts’ expectations of $644.15 million. Genesco had a return on equity of 8.41% and a net margin of 3.07%. The company’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.62 EPS. Equities analysts forecast that Genesco Inc. will post $3.89 earnings per share for the current year.
Several equities research analysts have issued reports on the company. Jefferies Group LLC set a $62.00 target price 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 target price for the company 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 cut their target price 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 given a hold rating and six have given a buy rating to the company. Genesco has a consensus rating of “Hold” and a consensus target price of $48.29.
In other news, Director Kevin Patrick Mcdermott bought 1,000 shares of the business’s stock in a transaction that occurred on Thursday, July 6th. The shares were acquired at an average cost of $32.32 per share, with a total value of $32,320.00. Following the transaction, the director now owns 8,657 shares of the company’s stock, valued at approximately $279,794.24. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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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