Thrivent Financial For Lutherans Acquires 40 Shares of Genesco Inc. (GCO)
Thrivent Financial For Lutherans raised its position in shares of Genesco Inc. (NYSE:GCO) by 0.4% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 11,300 shares of the company’s stock after buying an additional 40 shares during the period. Thrivent Financial For Lutherans’ holdings in Genesco were worth $627,000 as of its most recent filing with the SEC.
Several other institutional investors have also made changes to their positions in the stock. Royce & Associates LP boosted its position in shares of Genesco by 1.2% in the first quarter. Royce & Associates LP now owns 659,510 shares of the company’s stock worth $36,570,000 after buying an additional 7,500 shares in the last quarter. State Street Corp boosted 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 worth $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 worth about $33,980,000. Ameriprise Financial Inc. boosted its position in shares of Genesco by 13.2% in the first quarter. Ameriprise Financial Inc. now owns 527,988 shares of the company’s stock worth $29,278,000 after buying an additional 61,626 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of 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.
Shares of Genesco Inc. (NYSE:GCO) opened at 32.00 on Friday. The company’s 50 day moving average is $38.73 and its 200-day moving average is $53.53. Genesco Inc. has a 12 month low of $31.60 and a 12 month high of $74.21. The firm has a market cap of $626.98 million, a PE ratio of 7.19 and a beta of 1.26.
Genesco (NYSE:GCO) last posted its quarterly 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. The company had revenue of $643.40 million during the quarter, compared to analyst estimates of $644.15 million. Genesco had a net margin of 3.07% and a return on equity of 8.41%. The firm’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period last year, the firm earned $0.62 EPS. Equities research analysts predict that Genesco Inc. will post $3.89 EPS for the current year.
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GCO has been the subject of a number of recent research reports. Zacks Investment Research cut shares of Genesco from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 1st. UBS AG upgraded shares of Genesco from a “neutral” rating to a “positive” rating in a research note on Wednesday, April 26th. Piper Jaffray Companies upgraded shares of Genesco from a “neutral” rating to an “overweight” rating and dropped their price objective for the company from $63.00 to $62.00 in a research note on Thursday, April 20th. Susquehanna Bancshares Inc restated a “positive” rating and issued a $43.00 price objective (down previously from $66.00) on shares of Genesco in a research note on Tuesday, May 30th. Finally, B. Riley reiterated a “buy” rating and set a $50.00 target price on shares of Genesco in a research report on Saturday, May 27th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. Genesco presently has a consensus rating of “Buy” and a consensus target price of $48.29.
In related news, Director Kevin Patrick Mcdermott purchased 1,000 shares of the company’s stock in a transaction that occurred on Thursday, July 6th. The stock was acquired at an average price of $32.32 per share, with a total value of $32,320.00. Following the completion of the purchase, the director now directly owns 8,657 shares in the company, valued at $279,794.24. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.30% of the stock is owned by insiders.
Genesco Company Profile
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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