Genesco Inc. (NYSE:GCO) Shares Purchased by Northern Trust Corp

Northern Trust Corp boosted its holdings in shares of Genesco Inc. (NYSE:GCO) by 1.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 111,992 shares of the company’s stock after purchasing an additional 2,065 shares during the quarter. Northern Trust Corp owned approximately 1.00% of Genesco worth $4,788,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in GCO. SG Americas Securities LLC bought a new stake in shares of Genesco in the fourth quarter worth $111,000. Wells Fargo & Company MN boosted its stake in Genesco by 28.1% during the 4th quarter. Wells Fargo & Company MN now owns 5,846 shares of the company’s stock valued at $250,000 after acquiring an additional 1,281 shares during the last quarter. Inceptionr LLC acquired a new position in Genesco during the 4th quarter worth $264,000. Massachusetts Financial Services Co. MA bought a new stake in shares of Genesco in the 4th quarter worth about $340,000. Finally, Proficio Capital Partners LLC bought a new stake in shares of Genesco in the 4th quarter worth about $479,000. 94.51% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Genesco news, Director Gregory A. Sandfort purchased 10,974 shares of the stock in a transaction dated Thursday, March 20th. The shares were bought 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 approximately $613,201.68. This trade represents a 69.54% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Fund 1 Investments, Llc sold 12,000 shares of the business’s stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $20.73, for a total transaction of $248,760.00. Following the sale, 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 disclosure for this sale can be found here. 7.09% of the stock is owned by company insiders.

Genesco Stock Performance

Shares of GCO opened at $21.14 on Thursday. The business’s fifty day moving average price is $20.68 and its 200 day moving average price is $31.47. Genesco Inc. has a 12-month low of $16.19 and a 12-month high of $44.80. The stock has a market capitalization of $227.84 million, a PE ratio of -8.70 and a beta of 2.14. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.56 and a quick ratio of 0.32.

Genesco (NYSE:GCO) last released its earnings results on Friday, March 7th. The company reported $3.26 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $745.95 million for the quarter, compared to the consensus estimate of $780.43 million. During the same quarter in the previous year, the firm earned $2.59 EPS. Equities research analysts forecast that Genesco Inc. will post 0.94 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on GCO shares. Jefferies Financial Group reduced their price target on shares of Genesco from $27.00 to $24.00 and set a “hold” rating on the stock in a research report on Wednesday. StockNews.com cut Genesco from a “buy” rating to a “hold” rating in a research note on Tuesday, April 15th.

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.