Barclays PLC Buys 1,498 Shares of Genesco Inc. (NYSE:GCO)

Barclays PLC increased its position in Genesco Inc. (NYSE:GCO) by 7.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,228 shares of the company’s stock after acquiring an additional 1,498 shares during the quarter. Barclays PLC owned about 0.20% of Genesco worth $950,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GCO. American Century Companies Inc. increased its stake in shares of 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 purchasing an additional 55,977 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Genesco by 124.9% in the 3rd 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 period. Invesco Ltd. increased its stake in Genesco by 5.1% in the 4th quarter. Invesco Ltd. now owns 76,551 shares of the company’s stock worth $3,273,000 after buying an additional 3,719 shares in the last quarter. Empowered Funds LLC raised its holdings in Genesco by 5.0% during the fourth quarter. Empowered Funds LLC now owns 61,501 shares of the company’s stock valued at $2,629,000 after acquiring an additional 2,953 shares during the period. Finally, Prudential Financial Inc. lifted its position in shares of Genesco by 16.8% in the fourth quarter. Prudential Financial Inc. now owns 45,904 shares of the company’s stock valued at $1,962,000 after acquiring an additional 6,600 shares in the last quarter. Institutional investors own 94.51% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Genesco from a “buy” rating to a “hold” rating in a research note on Tuesday, April 15th.

Genesco Trading Down 1.1 %

Genesco stock opened at $20.21 on Tuesday. Genesco Inc. has a 1 year low of $16.19 and a 1 year high of $44.80. The firm’s 50 day moving average price is $22.05 and its 200-day moving average price is $31.93. 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 stock has a market cap of $223.06 million, a P/E ratio of -8.32 and a beta of 2.25.

Genesco (NYSE:GCO) last announced its quarterly earnings results on Friday, March 7th. The company reported $3.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.31 by ($0.05). Genesco had a negative net margin of 1.13% and a positive return on equity of 0.56%. The company had revenue of $745.95 million during the quarter, compared to the consensus estimate of $780.43 million. During the same quarter in the prior year, the firm posted $2.59 earnings per share. On average, equities analysts predict that Genesco Inc. will post 0.94 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Genesco news, major shareholder Fund 1 Investments, Llc sold 12,000 shares of the stock in a transaction on Friday, March 28th. The shares were sold at an average price of $20.73, for a total transaction of $248,760.00. Following the completion of the transaction, the insider now owns 1,097,850 shares in the company, valued at $22,758,430.50. This trade represents a 1.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Gregory A. Sandfort bought 10,974 shares of Genesco stock in a transaction dated Thursday, March 20th. The stock was acquired at an average price of $22.92 per share, for a total transaction of $251,524.08. Following the completion of the acquisition, the director now owns 26,754 shares in the company, valued at approximately $613,201.68. The trade was a 69.54 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 7.09% of the stock is owned by company insiders.

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 Genesco Brands.