Genesco Inc. (NYSE:GCO) Director Purchases $251,524.08 in Stock

Genesco Inc. (NYSE:GCO) Director Gregory A. Sandfort bought 10,974 shares of the business’s stock in a transaction that occurred on Thursday, March 20th. The stock was acquired at an average cost of $22.92 per share, with a total value of $251,524.08. Following the completion of the acquisition, the director now owns 26,754 shares of the company’s stock, valued at $613,201.68. This represents a 69.54 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Genesco Price Performance

Shares of GCO stock traded down $0.69 on Thursday, reaching $22.06. The company’s stock had a trading volume of 377,112 shares, compared to its average volume of 172,513. The stock’s fifty day simple moving average is $36.45 and its 200-day simple moving average is $33.76. Genesco Inc. has a 1 year low of $20.09 and a 1 year high of $44.80. The company has a current ratio of 1.56, a quick ratio of 0.32 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $247.36 million, a price-to-earnings ratio of -9.08 and a beta of 2.41.

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). The business had revenue of $745.95 million during the quarter, compared to analysts’ expectations of $780.43 million. Genesco had a negative net margin of 1.13% and a positive return on equity of 0.56%. During the same period last year, the business posted $2.59 earnings per share. Analysts forecast that Genesco Inc. will post 0.94 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Genesco from a “buy” rating to a “hold” rating in a report on Friday, March 7th.

Institutional Trading of Genesco

A number of institutional investors have recently bought and sold shares of the stock. Portolan Capital Management LLC bought a new stake in Genesco in the fourth quarter worth $19,847,000. Marshall Wace LLP lifted its position in Genesco by 28.6% in the fourth quarter. Marshall Wace LLP now owns 428,143 shares of the company’s stock worth $18,303,000 after buying an additional 95,195 shares during the last quarter. State Street Corp lifted its position in Genesco by 2.1% in the third quarter. State Street Corp now owns 320,691 shares of the company’s stock worth $8,713,000 after buying an additional 6,587 shares during the last quarter. American Century Companies Inc. lifted its position in Genesco by 25.3% in the fourth quarter. American Century Companies Inc. now owns 276,807 shares of the company’s stock worth $11,833,000 after buying an additional 55,977 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Genesco by 124.9% in the third quarter. JPMorgan Chase & Co. now owns 251,142 shares of the company’s stock worth $6,824,000 after buying an additional 139,485 shares during the last quarter. 94.51% of the stock is currently owned by institutional investors.

About Genesco

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.