Daniel E. Ewoldsen Sells 4,000 Shares of Genesco Inc. (NYSE:GCO) Stock

Genesco Inc. (NYSE:GCO) VP Daniel E. Ewoldsen sold 4,000 shares of the stock in a transaction 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 owns 41,358 shares in the company, valued at $1,765,159.44. The trade was a 8.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Genesco Trading Down 6.5 %

Shares of NYSE GCO opened at $40.68 on Thursday. The company’s 50 day simple moving average is $32.34 and its 200 day simple moving average is $29.01. 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 fifty-two week low of $23.21 and a fifty-two week high of $44.80. The firm has a market capitalization of $456.51 million, a P/E ratio of -16.74 and a beta of 2.47.

Genesco (NYSE:GCO) last announced its quarterly earnings data on Friday, December 6th. The company reported $0.61 EPS for the quarter, topping 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 business had revenue of $596.30 million during the quarter, compared to analysts’ expectations of $577.73 million. During the same period in the previous year, the firm earned $0.57 earnings per share. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. On average, analysts predict that Genesco Inc. will post 0.81 EPS for the current year.

Institutional Trading of Genesco

A number of hedge funds have recently modified their holdings of the company. Franklin Resources Inc. raised its holdings in Genesco by 8.4% in the third quarter. Franklin Resources Inc. now owns 11,108 shares of the company’s stock worth $313,000 after purchasing an additional 859 shares during the period. Barclays PLC increased its position in shares of Genesco by 103.1% in the 3rd quarter. Barclays PLC now owns 20,730 shares of the company’s stock valued at $563,000 after buying an additional 10,521 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Genesco by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 247,193 shares of the company’s stock valued at $6,718,000 after buying an additional 3,157 shares in the last quarter. State Street Corp raised its stake in Genesco by 2.1% during the 3rd quarter. State Street Corp now owns 320,691 shares of the company’s stock worth $8,713,000 after buying an additional 6,587 shares during the period. Finally, Point72 DIFC Ltd lifted its holdings in Genesco by 1,627.4% during the third quarter. Point72 DIFC Ltd now owns 1,641 shares of the company’s stock worth $45,000 after acquiring an additional 1,546 shares in the last quarter. 94.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

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.