QS Investors LLC Purchases Shares of 31,242 Genesco Inc. (GCO)

QS Investors LLC purchased a new position in shares of Genesco Inc. (NYSE:GCO) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 31,242 shares of the company’s stock, valued at approximately $1,059,000. QS Investors LLC owned about 0.16% of Genesco as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its position in shares of Genesco by 26.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 2,347 shares of the company’s stock worth $130,000 after purchasing an additional 487 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Genesco by 44.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,538 shares of the company’s stock worth $142,000 after purchasing an additional 775 shares during the last quarter. SG Americas Securities LLC raised its position in shares of Genesco by 25.1% during the 1st quarter. SG Americas Securities LLC now owns 2,815 shares of the company’s stock worth $156,000 after purchasing an additional 565 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Genesco by 8.5% during the 1st quarter. Public Employees Retirement System of Ohio now owns 3,660 shares of the company’s stock worth $203,000 after purchasing an additional 287 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its position in shares of Genesco by 77.8% during the 2nd quarter. State of Alaska Department of Revenue now owns 3,893 shares of the company’s stock worth $131,000 after purchasing an additional 1,703 shares during the last quarter. Hedge funds and other institutional investors own 94.38% of the company’s stock.

Several research firms recently weighed in on GCO. Piper Jaffray Companies set a $39.00 price target on shares of Genesco and gave the stock a “buy” rating in a research report on Saturday, June 24th. Jefferies Group LLC reiterated a “hold” rating and issued a $27.00 price objective on shares of Genesco in a report on Thursday. ValuEngine upgraded shares of Genesco from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. BidaskClub upgraded shares of Genesco from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Finally, UBS AG downgraded shares of Genesco from a “positive” rating to a “neutral” rating in a report on Monday, August 28th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. Genesco has an average rating of “Hold” and a consensus target price of $32.67.

In related news, SVP Mimi Eckel Vaughn purchased 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 6th. The stock was purchased at an average price of $24.16 per share, with a total value of $241,600.00. Following the completion of the transaction, the senior vice president now owns 87,140 shares of the company’s stock, valued at approximately $2,105,302.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Robert J. Dennis purchased 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 6th. The shares were bought at an average cost of $23.81 per share, with a total value of $595,250.00. Following the transaction, the chairman now directly owns 224,935 shares of the company’s stock, valued at approximately $5,355,702.35. The disclosure for this purchase can be found here. Corporate insiders own 3.30% of the company’s stock.

Shares of Genesco Inc. (NYSE:GCO) opened at 24.10 on Friday. The stock has a market cap of $480.05 million, a PE ratio of 6.77 and a beta of 1.36. Genesco Inc. has a 1-year low of $20.90 and a 1-year high of $72.00. The stock has a 50 day moving average of $25.42 and a 200 day moving average of $36.48.

Genesco (NYSE:GCO) last issued its quarterly earnings results on Thursday, August 31st. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.04). Genesco had a return on equity of 7.36% and a net margin of 2.43%. The company had revenue of $616.50 million for the quarter, compared to analyst estimates of $626.93 million. During the same period last year, the company posted $0.34 EPS. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. Equities research analysts forecast that Genesco Inc. will post $3.38 EPS for the current year.

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About Genesco

Genesco Inc is a retailer and wholesaler of footwear, apparel and accessories. The Company operates in five segments: Journeys Group, Schuh Group, Lids Sports Group, Johnston & Murphy Group and Licensed Brands. It relies on independent third-party manufacturers for production of its footwear products sold at wholesale.

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Institutional Ownership by Quarter for Genesco (NYSE:GCO)

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