Genesco Inc. (NYSE:GCO) VP Sells $170,720.00 in Stock

Genesco Inc. (NYSE:GCO) VP Daniel E. Ewoldsen sold 4,000 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was 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 $1,765,159.44. This represents a 8.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Genesco Stock Performance

Shares of Genesco stock opened at $40.59 on Friday. The stock has a market cap of $455.10 million, a price-to-earnings ratio of -16.70 and a beta of 2.47. 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 Inc. has a 1 year low of $23.21 and a 1 year high of $44.80. The firm’s 50-day moving average is $32.62 and its 200 day moving average is $29.09.

Genesco (NYSE:GCO) last posted its quarterly earnings data on Friday, December 6th. The company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.31. Genesco had a positive return on equity of 0.56% and a negative net margin of 1.13%. The firm had revenue of $596.30 million for the quarter, compared to analysts’ expectations of $577.73 million. During the same period in the previous year, the firm earned $0.57 EPS. The business’s quarterly revenue was up 2.9% on a year-over-year basis. Sell-side analysts anticipate that Genesco Inc. will post 0.81 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Genesco

A number of hedge funds have recently made changes to their positions in the business. Pzena Investment Management LLC lifted its holdings in Genesco by 64.1% in the 2nd quarter. Pzena Investment Management LLC now owns 1,221,342 shares of the company’s stock worth $31,584,000 after purchasing an additional 477,166 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of Genesco by 57.3% during the second quarter. Acadian Asset Management LLC now owns 271,394 shares of the company’s stock valued at $7,016,000 after buying an additional 98,901 shares during the last quarter. Martingale Asset Management L P purchased a new position in shares of Genesco in the third quarter worth $842,000. AQR Capital Management LLC boosted its position in shares of Genesco by 38.0% during the second quarter. AQR Capital Management LLC now owns 102,986 shares of the company’s stock worth $2,663,000 after acquiring an additional 28,374 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Genesco by 20.2% during the second quarter. American Century Companies Inc. now owns 157,064 shares of the company’s stock worth $4,062,000 after acquiring an additional 26,436 shares during the last quarter. Institutional investors own 94.51% of the company’s stock.

About Genesco

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.