Genesco (NYSE:GCO) Director Gregory Sandfort Buys 2,958 Shares of Stock

Genesco Inc. (NYSE:GCO) Director Gregory Sandfort bought 2,958 shares of the company’s stock in a transaction dated Thursday, July 9th. The shares were acquired at an average cost of $33.80 per share, for a total transaction of $99,980.40. Following the completion of the transaction, the director owned 29,172 shares of the company’s stock, valued at approximately $986,013.60. The trade was a 11.28% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Genesco Trading Up 0.2%

NYSE:GCO opened at $34.20 on Monday. The stock has a market cap of $379.98 million, a price-to-earnings ratio of 19.77 and a beta of 1.83. Genesco Inc. has a one year low of $21.55 and a one year high of $43.60. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.37 and a current ratio of 1.83. The business’s 50-day simple moving average is $35.61 and its 200 day simple moving average is $31.62.

Genesco (NYSE:GCO) last issued its quarterly earnings data on Friday, May 29th. The company reported ($2.18) earnings per share for the quarter, beating analysts’ consensus estimates of ($2.58) by $0.40. Genesco had a return on equity of 2.66% and a net margin of 0.80%.The firm had revenue of $487.03 million during the quarter, compared to analyst estimates of $474.32 million. Genesco has set its FY 2027 guidance at 2.000-2.400 EPS. As a group, sell-side analysts predict that Genesco Inc. will post 2.25 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Group One Trading LLC acquired a new position in shares of Genesco in the 4th quarter worth approximately $26,000. Jones Financial Companies Lllp bought a new stake in shares of Genesco in the 1st quarter valued at approximately $26,000. New York State Teachers Retirement System acquired a new stake in shares of Genesco during the 1st quarter valued at approximately $27,000. Optiver Holding B.V. raised its position in shares of Genesco by 550.6% during the 1st quarter. Optiver Holding B.V. now owns 1,106 shares of the company’s stock valued at $32,000 after acquiring an additional 936 shares in the last quarter. Finally, Meeder Asset Management Inc. bought a new stake in Genesco during the fourth quarter valued at $37,000. Institutional investors own 94.51% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on GCO shares. Weiss Ratings lowered shares of Genesco from a “hold (c)” rating to a “sell (d+)” rating in a research note on Friday, June 12th. Truist Financial set a $40.00 price objective on shares of Genesco in a research note on Friday, May 29th. Seaport Research Partners lowered shares of Genesco from a “buy” rating to a “neutral” rating in a report on Wednesday, May 27th. Zacks Research raised shares of Genesco from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 2nd. Finally, Wall Street Zen downgraded shares of Genesco from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Genesco has an average rating of “Moderate Buy” and an average target price of $36.67.

About Genesco

Genesco Inc is a Nashville, Tennessee-based retailer, wholesaler and licensee specializing in branded footwear, headwear, apparel and accessories. Through its portfolio of retail chains, wholesale distribution channels and licensing agreements, Genesco brings a range of product offerings to consumers in North America and Europe.

The company’s retail segment includes specialty chains such as Journeys, which targets fashion-focused teens and young adults in the United States and Canada, and Schuh, a footwear retailer with locations in the United Kingdom and Ireland.