Genesco Inc. (NYSE:GCO - Get Free Report) VP Daniel E. Ewoldsen sold 4,000 shares of Genesco stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $42.68, for a total value of $170,720.00. Following the completion of the transaction, the vice president now directly owns 41,358 shares in the company, valued at approximately $1,765,159.44. This represents a 8.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of NYSE:GCO traded up $0.27 during trading on Tuesday, reaching $43.48. 126,865 shares of the stock were exchanged, compared to its average volume of 140,457. The stock has a fifty day moving average of $31.73 and a two-hundred day moving average of $28.82. Genesco Inc. has a 1-year low of $23.21 and a 1-year high of $44.34. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.56 and a quick ratio of 0.32. The firm has a market cap of $487.88 million, a price-to-earnings ratio of -17.78 and a beta of 2.47.
Genesco (NYSE:GCO - Get Free Report) last posted its earnings results on Friday, December 6th. The company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.30 by $0.31. The company had revenue of $596.30 million during the quarter, compared to the consensus estimate of $577.73 million. Genesco had a negative net margin of 1.13% and a positive return on equity of 0.56%. The firm's revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.57 earnings per share. Research analysts anticipate that Genesco Inc. will post 0.81 earnings per share for the current fiscal year.
Separately, StockNews.com upgraded Genesco from a "hold" rating to a "buy" rating in a research report on Friday, December 6th.
Check Out Our Latest Stock Report on GCO
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Pzena Investment Management LLC raised its holdings in shares of Genesco by 64.1% in the second quarter. Pzena Investment Management LLC now owns 1,221,342 shares of the company's stock valued at $31,584,000 after purchasing an additional 477,166 shares during the last quarter. Acadian Asset Management LLC increased its stake in Genesco by 57.3% in the 2nd quarter. Acadian Asset Management LLC now owns 271,394 shares of the company's stock valued at $7,016,000 after buying an additional 98,901 shares during the last quarter. Martingale Asset Management L P bought a new position in shares of Genesco during the 3rd quarter worth approximately $842,000. AQR Capital Management LLC boosted its stake in shares of Genesco by 38.0% in the 2nd quarter. AQR Capital Management LLC now owns 102,986 shares of the company's stock worth $2,663,000 after buying an additional 28,374 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Genesco by 20.2% in the second quarter. American Century Companies Inc. now owns 157,064 shares of the company's stock valued at $4,062,000 after acquiring an additional 26,436 shares in the last quarter. 94.51% of the stock is owned by hedge funds and other institutional investors.
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.
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