Public Employees Retirement Association of Colorado reduced its stake in Genesco Inc. (NYSE:GCO) by 16.4% during the first quarter, Holdings Channel reports. The fund owned 4,061 shares of the company’s stock after selling 797 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Genesco were worth $225,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp raised its position in shares of Genesco by 4.6% in the fourth quarter. State Street Corp now owns 554,030 shares of the company’s stock valued at $34,406,000 after buying an additional 24,197 shares in the last quarter. Norges Bank acquired a new position in shares of Genesco during the fourth quarter valued at about $33,980,000. Guggenheim Capital LLC raised its position in shares of Genesco by 46.3% in the fourth quarter. Guggenheim Capital LLC now owns 55,316 shares of the company’s stock valued at $3,435,000 after buying an additional 17,499 shares in the last quarter. First Trust Advisors LP raised its position in shares of Genesco by 30.0% in the first quarter. First Trust Advisors LP now owns 51,507 shares of the company’s stock valued at $2,856,000 after buying an additional 11,882 shares in the last quarter. Finally, Comerica Bank raised its position in shares of Genesco by 68.7% in the fourth quarter. Comerica Bank now owns 49,296 shares of the company’s stock valued at $3,093,000 after buying an additional 20,074 shares in the last quarter.

Institutional Ownership by Quarter for Genesco (NYSE:GCO)

Genesco Inc. (GCO) opened at 34.60 on Friday. The firm has a market capitalization of $677.92 million, a price-to-earnings ratio of 7.77 and a beta of 1.17. Genesco Inc. has a one year low of $33.55 and a one year high of $74.21. The stock has a 50 day moving average price of $43.93 and a 200-day moving average price of $55.74.

Genesco (NYSE:GCO) last posted its earnings results on Thursday, May 25th. The company reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.28 by $0.22. Genesco had a return on equity of 8.41% and a net margin of 3.07%. The firm had revenue of $643.40 million for the quarter, compared to analyst estimates of $644.15 million. During the same quarter last year, the firm posted $0.62 EPS. The firm’s revenue for the quarter was down .8% on a year-over-year basis. On average, analysts predict that Genesco Inc. will post $3.92 earnings per share for the current fiscal year.

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Several research analysts recently issued reports on the company. Morgan Stanley reaffirmed an “equal weight” rating and set a $38.00 target price (down from $59.00) on shares of Genesco in a research report on Thursday, June 1st. B. Riley reaffirmed a “neutral” rating and set a $65.00 target price on shares of Genesco in a research report on Monday, March 13th. Piper Jaffray Companies set a $63.00 target price on Genesco and gave the company a “hold” rating in a research report on Saturday, March 11th. Jefferies Group LLC set a $62.00 target price on Genesco and gave the company a “hold” rating in a research report on Thursday, April 20th. Finally, ValuEngine lowered Genesco from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $53.57.

In other news, Director Kevin Patrick Mcdermott bought 1,340 shares of the business’s stock in a transaction dated Thursday, June 1st. The shares were acquired at an average price of $37.18 per share, for a total transaction of $49,821.20. Following the completion of the transaction, the director now owns 5,192 shares of the company’s stock, valued at $193,038.56. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.30% of the stock is currently owned by insiders.

About Genesco

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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