Genesco Inc. (NYSE:GCO) Director Gregory A. Sandfort Buys 10,974 Shares of Stock

Genesco Inc. (NYSE:GCO) Director Gregory A. Sandfort acquired 10,974 shares of Genesco stock in a transaction that occurred on Thursday, March 20th. The stock was acquired at an average cost of $22.92 per share, for a total transaction of $251,524.08. Following the purchase, the director now owns 26,754 shares of the company’s stock, valued at $613,201.68. The trade was a 69.54 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Genesco Stock Down 3.0 %

Genesco stock opened at $22.06 on Friday. Genesco Inc. has a 12-month low of $20.09 and a 12-month high of $44.80. The company has a quick ratio of 0.32, a current ratio of 1.56 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $247.36 million, a PE ratio of -9.08 and a beta of 2.41. The firm’s fifty day moving average is $36.07 and its 200 day moving average is $33.68.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GCO. Empowered Funds LLC lifted its position in shares of Genesco by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 58,548 shares of the company’s stock worth $1,591,000 after buying an additional 2,948 shares in the last quarter. Quest Partners LLC lifted its holdings in Genesco by 54.9% during the third quarter. Quest Partners LLC now owns 1,854 shares of the company’s stock worth $50,000 after acquiring an additional 657 shares during the period. Meeder Asset Management Inc. boosted its stake in Genesco by 84.6% in the third quarter. Meeder Asset Management Inc. now owns 8,035 shares of the company’s stock valued at $218,000 after acquiring an additional 3,683 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Genesco by 139.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 36,279 shares of the company’s stock valued at $986,000 after buying an additional 21,158 shares in the last quarter. Finally, Landscape Capital Management L.L.C. purchased a new stake in shares of Genesco during the third quarter worth $336,000. 94.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Genesco from a “buy” rating to a “hold” rating in a research report on Friday, March 7th.

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.