Strs Ohio reduced its stake in Genesco Inc. (NYSE:GCO – Get Rating) by 11.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,600 shares of the company’s stock after selling 1,700 shares during the period. Strs Ohio’s holdings in Genesco were worth $801,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in the stock. Allianz Asset Management GmbH increased its holdings in Genesco by 0.6% in the 4th quarter. Allianz Asset Management GmbH now owns 30,490 shares of the company’s stock valued at $1,957,000 after purchasing an additional 194 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Genesco in the 4th quarter valued at $27,000. Lazard Asset Management LLC acquired a new stake in Genesco in the 4th quarter valued at $32,000. Public Sector Pension Investment Board increased its holdings in Genesco by 1.8% in the 4th quarter. Public Sector Pension Investment Board now owns 28,925 shares of the company’s stock valued at $1,856,000 after purchasing an additional 510 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Genesco by 59.8% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,402 shares of the company’s stock valued at $153,000 after purchasing an additional 899 shares in the last quarter. 93.60% of the stock is currently owned by institutional investors and hedge funds.
Genesco Stock Performance
NYSE:GCO opened at $52.41 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.56 and a quick ratio of 0.70. The firm has a 50-day moving average of $55.03 and a two-hundred day moving average of $61.66. The stock has a market cap of $719.59 million, a P/E ratio of 6.74 and a beta of 1.89. Genesco Inc. has a 1-year low of $48.54 and a 1-year high of $73.72.
Genesco (NYSE:GCO – Get Rating) last issued its quarterly earnings results on Thursday, May 26th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of ($0.09) by $0.53. Genesco had a net margin of 4.61% and a return on equity of 17.62%. The business had revenue of $520.80 million for the quarter, compared to analysts’ expectations of $521.05 million. During the same quarter last year, the company posted $0.79 earnings per share. The company’s quarterly revenue was down 3.3% compared to the same quarter last year. On average, research analysts expect that Genesco Inc. will post 7.41 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of research firms have weighed in on GCO. StockNews.com began coverage on shares of Genesco in a research report on Thursday, March 31st. They issued a “buy” rating for the company. TheStreet cut shares of Genesco from a “b” rating to a “c+” rating in a research report on Thursday, May 26th. One analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $69.50.
Genesco Profile
Genesco Inc operates as a retailer and wholesaler of footwear, apparel, and accessories. The company operates through four segments: Journeys Group, Schuh Group, Johnston & Murphy Group, and Licensed Brands. The Journeys Group segment offers footwear and accessories through the Journeys, Journeys Kidz, and Little Burgundy retail chains, as well as through e-commerce and catalogs for young men, women, and children.
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