SG Americas Securities LLC Purchases New Shares in Genesco Inc. (NYSE:GCO)

SG Americas Securities LLC purchased a new position in shares of Genesco Inc. (NYSE:GCO) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,592 shares of the company’s stock, valued at approximately $111,000.

A number of other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its stake in shares of 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 last quarter. Martingale Asset Management L P bought a new stake in Genesco during the third quarter worth $842,000. Dynamic Technology Lab Private Ltd boosted its position in Genesco by 166.4% in the third quarter. Dynamic Technology Lab Private Ltd now owns 34,275 shares of the company’s stock worth $931,000 after purchasing an additional 21,410 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in Genesco by 139.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 36,279 shares of the company’s stock valued at $986,000 after purchasing an additional 21,158 shares during the period. Finally, Landscape Capital Management L.L.C. purchased a new stake in shares of Genesco during the 3rd quarter valued at $336,000. 94.51% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Genesco from a “hold” rating to a “buy” rating in a report on Friday, December 6th.

Insider Buying and Selling

In related news, VP Daniel E. Ewoldsen sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $42.68, for a total value of $170,720.00. Following the completion of the transaction, the vice president now directly owns 41,358 shares of the company’s stock, valued at approximately $1,765,159.44. This trade represents a 8.82 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 7.09% of the stock is currently owned by insiders.

Genesco Trading Down 2.4 %

Shares of GCO stock opened at $38.01 on Thursday. 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 firm has a market cap of $426.09 million, a P/E ratio of -15.64 and a beta of 2.35. The company has a 50 day moving average of $41.55 and a 200-day moving average of $33.25. Genesco Inc. has a 12-month low of $23.21 and a 12-month high of $44.80.

Genesco (NYSE:GCO) last released its earnings results on Friday, December 6th. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.31. The business had revenue of $596.30 million during the quarter, compared to the consensus estimate of $577.73 million. Genesco had a positive return on equity of 0.56% and a negative net margin of 1.13%. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period last year, the business posted $0.57 earnings per share. Sell-side analysts anticipate that Genesco Inc. will post 0.94 earnings per share for the current year.

Genesco 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.