Fund 1 Investments, Llc Sells 12,000 Shares of Genesco Inc. (NYSE:GCO) Stock

Genesco Inc. (NYSE:GCO) major shareholder Fund 1 Investments, Llc sold 12,000 shares of the firm’s stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $20.73, for a total value of $248,760.00. Following the completion of the transaction, the insider now directly owns 1,097,850 shares in the company, valued at $22,758,430.50. The trade was a 1.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Genesco Stock Up 2.5 %

Shares of GCO opened at $21.77 on Wednesday. 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 company has a 50-day moving average price of $33.04 and a two-hundred day moving average price of $33.47. The stock has a market cap of $240.31 million, a price-to-earnings ratio of -8.96 and a beta of 2.41. Genesco Inc. has a 12 month low of $20.09 and a 12 month high of $44.80.

Genesco (NYSE:GCO) last issued its earnings results on Friday, March 7th. The company reported $3.26 EPS for the quarter, missing the consensus estimate of $3.31 by ($0.05). Genesco had a negative net margin of 1.13% and a positive return on equity of 0.56%. The firm had revenue of $745.95 million during the quarter, compared to analyst estimates of $780.43 million. During the same quarter in the prior year, the firm posted $2.59 EPS. Equities analysts predict that Genesco Inc. will post 0.94 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Point72 Asia Singapore Pte. Ltd. acquired a new position in Genesco during the fourth quarter valued at approximately $35,000. Point72 DIFC Ltd increased its stake in Genesco by 1,627.4% during the 3rd quarter. Point72 DIFC Ltd now owns 1,641 shares of the company’s stock worth $45,000 after purchasing an additional 1,546 shares in the last quarter. Quest Partners LLC raised its holdings in Genesco by 54.9% during the 3rd quarter. Quest Partners LLC now owns 1,854 shares of the company’s stock worth $50,000 after buying an additional 657 shares during the period. SG Americas Securities LLC bought a new position in Genesco in the fourth quarter valued at approximately $111,000. Finally, Bayesian Capital Management LP acquired a new position in shares of Genesco in the fourth quarter valued at approximately $234,000. Institutional investors own 94.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Genesco from a “buy” rating to a “hold” rating in a research note on Friday, March 7th.

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.