Atria Wealth Solutions Inc. acquired a new position in shares of Genesco Inc. (NYSE:GCO – Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,902 shares of the company’s stock, valued at approximately $218,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GCO. Quarry LP acquired a new position in shares of Genesco in the 1st quarter valued at $27,000. Lazard Asset Management LLC raised its holdings in shares of Genesco by 41.0% in the 1st quarter. Lazard Asset Management LLC now owns 708 shares of the company’s stock valued at $45,000 after buying an additional 206 shares during the period. Captrust Financial Advisors raised its holdings in shares of Genesco by 45.2% in the 1st quarter. Captrust Financial Advisors now owns 1,227 shares of the company’s stock valued at $78,000 after buying an additional 382 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Genesco by 70.6% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,563 shares of the company’s stock valued at $95,000 after buying an additional 1,061 shares during the period. Finally, Teachers Retirement System of The State of Kentucky purchased a new stake in shares of Genesco in the 3rd quarter valued at $177,000. Institutional investors and hedge funds own 76.20% of the company’s stock.
Analyst Upgrades and Downgrades
Separately, StockNews.com initiated coverage on Genesco in a report on Thursday, August 17th. They set a “hold” rating on the stock.
Genesco Stock Down 2.2 %
Shares of NYSE GCO opened at $29.66 on Tuesday. The stock has a market cap of $372.53 million, a PE ratio of 63.11 and a beta of 1.98. The company has a quick ratio of 0.35, a current ratio of 1.63 and a debt-to-equity ratio of 0.25. Genesco Inc. has a 52-week low of $17.31 and a 52-week high of $53.25. The business has a 50-day moving average price of $28.53 and a 200 day moving average price of $30.06.
Genesco (NYSE:GCO – Get Free Report) last announced 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 firm had revenue of $523.00 million during the quarter, compared to analysts’ expectations of $497.25 million. Genesco had a return on equity of 5.11% and a net margin of 0.38%. The business’s revenue was down 2.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.59 EPS. Equities research analysts forecast that Genesco Inc. will post 2.3 earnings per share for the current year.
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.
- Five stocks we like better than Genesco
- What Are the FAANG Stocks and Are They Good Investments?
- 2 Recession-Proof Intelligence Stocks to Defend Your Portfolio
- What is the S&P 500 and How It is Distinct from Other Indexes
- 5 Reasons Mullen Automotive is About to Turn a Corner
- How to Invest in Grocery Stores
- Qualcomm and Apple Forge Ahead with New Modem Partnership
Receive News & Ratings for Genesco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genesco and related companies with MarketBeat.com's FREE daily email newsletter.