Insider Selling: Genesco Inc. (GCO) Director Sells 500 Shares of Stock

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Genesco Inc. (NYSE:GCO) Director Kathleen Mason sold 500 shares of the business’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $50.75, for a total value of $25,375.00. Following the sale, the director now directly owns 43,126 shares of the company’s stock, valued at approximately $2,188,644.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Kathleen Mason also recently made the following trade(s):

  • On Thursday, August 30th, Kathleen Mason sold 2,000 shares of Genesco stock. The shares were sold at an average price of $48.91, for a total value of $97,820.00.

NYSE GCO opened at $47.60 on Thursday. The stock has a market capitalization of $1.01 billion, a PE ratio of 15.16, a price-to-earnings-growth ratio of 2.12 and a beta of 1.07. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.93 and a quick ratio of 0.64. Genesco Inc. has a twelve month low of $22.55 and a twelve month high of $51.85.

Genesco (NYSE:GCO) last released its quarterly earnings data on Tuesday, June 5th. The company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.01. The firm had revenue of $645.00 million during the quarter, compared to analyst estimates of $636.37 million. Genesco had a positive return on equity of 6.98% and a negative net margin of 3.96%. The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.05 earnings per share. equities research analysts predict that Genesco Inc. will post 3.19 earnings per share for the current fiscal year.

Several analysts have issued reports on GCO shares. Zacks Investment Research raised Genesco from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 15th. ValuEngine raised Genesco from a “hold” rating to a “buy” rating in a research note on Saturday, May 26th. CL King lowered Genesco from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 29th. They noted that the move was a valuation call. Piper Jaffray Companies lowered Genesco from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $45.90 to $20.90 in a research note on Friday, June 1st. They noted that the move was a valuation call. Finally, Pivotal Research set a $44.00 price objective on Genesco and gave the stock a “hold” rating in a research note on Monday, June 4th. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $38.99.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in shares of Genesco by 7.4% in the second quarter. BlackRock Inc. now owns 2,727,007 shares of the company’s stock worth $108,263,000 after acquiring an additional 188,914 shares during the period. Eagle Asset Management Inc. lifted its position in shares of Genesco by 3.0% in the first quarter. Eagle Asset Management Inc. now owns 1,772,439 shares of the company’s stock worth $71,961,000 after buying an additional 50,895 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Genesco by 1.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,677,823 shares of the company’s stock worth $68,120,000 after buying an additional 23,864 shares in the last quarter. Carillon Tower Advisers Inc. lifted its position in shares of Genesco by 1.3% in the second quarter. Carillon Tower Advisers Inc. now owns 1,321,749 shares of the company’s stock worth $52,473,000 after buying an additional 17,469 shares in the last quarter. Finally, Legion Partners Asset Management LLC lifted its position in shares of Genesco by 25.4% in the first quarter. Legion Partners Asset Management LLC now owns 1,033,534 shares of the company’s stock worth $41,961,000 after buying an additional 209,617 shares in the last quarter.

Genesco Company Profile

Genesco Inc retails and wholesales footwear, apparel, and accessories. The company operates in five segments: Journeys Group, Schuh Group, Lids Sports Group, Johnston & Murphy Group, and Licensed Brands. The Journeys Group segment offers footwear and accessories through the Journeys, Journeys Kidz, Shi by Journeys, and Little Burgundy retail chains, as well as through e-commerce and catalogs for young men, women, and children.

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