Genesco Inc. (NYSE:GCO) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System cut its stake in shares of Genesco Inc. (NYSE:GCO) by 5.7% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 15,407 shares of the company’s stock after selling 934 shares during the period. California State Teachers Retirement System owned approximately 0.12% of Genesco worth $568,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Lazard Asset Management LLC lifted its position in shares of Genesco by 41.0% during the first quarter. Lazard Asset Management LLC now owns 708 shares of the company’s stock worth $45,000 after purchasing an additional 206 shares in the last quarter. Captrust Financial Advisors lifted its holdings in Genesco by 45.2% in the 1st quarter. Captrust Financial Advisors now owns 1,227 shares of the company’s stock worth $78,000 after buying an additional 382 shares in the last quarter. SummerHaven Investment Management LLC boosted its position in Genesco by 2.8% in the 1st quarter. SummerHaven Investment Management LLC now owns 15,959 shares of the company’s stock valued at $589,000 after buying an additional 431 shares during the last quarter. Swiss National Bank grew its stake in shares of Genesco by 1.9% during the fourth quarter. Swiss National Bank now owns 31,500 shares of the company’s stock valued at $1,450,000 after acquiring an additional 600 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its position in shares of Genesco by 6.3% during the third quarter. Thrivent Financial for Lutherans now owns 13,482 shares of the company’s stock worth $530,000 after acquiring an additional 803 shares during the last quarter. 76.20% of the stock is owned by institutional investors and hedge funds.

Genesco Stock Down 2.1 %

Shares of NYSE:GCO opened at $33.57 on Tuesday. The firm has a market cap of $421.64 million, a PE ratio of 71.43 and a beta of 1.98. The company has a fifty day simple moving average of $27.56 and a 200 day simple moving average of $31.13. The company has a current ratio of 1.63, a quick ratio of 0.35 and a debt-to-equity ratio of 0.25. Genesco Inc. has a 12-month low of $17.31 and a 12-month high of $53.25.

Genesco (NYSE:GCO) last issued its earnings results on Thursday, August 31st. The company reported ($0.85) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.23) by $0.38. The business had revenue of $523.00 million for the quarter, compared to analyst estimates of $497.25 million. Genesco had a net margin of 0.38% and a return on equity of 5.11%. The company’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.59 EPS. On average, equities research analysts anticipate that Genesco Inc. will post 2.24 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Gregory A. Sandfort purchased 11,500 shares of the stock in a transaction dated Friday, June 9th. The stock was acquired at an average cost of $22.05 per share, for a total transaction of $253,575.00. Following the acquisition, the director now owns 15,780 shares of the company’s stock, valued at $347,949. The acquisition was disclosed in a filing with the SEC, which is available at this link. 6.33% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on Genesco in a report on Thursday, August 17th. They issued a “hold” rating for the company.

Genesco Company Profile

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 Licensed Brands.