Guggenheim Capital LLC grew its position in shares of Genesco (NYSE:GCO) by 28.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 55,964 shares of the company’s stock after purchasing an additional 12,378 shares during the quarter. Guggenheim Capital LLC owned approximately 0.28% of Genesco worth $1,820,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in GCO. Carillon Tower Advisers Inc. acquired a new stake in shares of Genesco during the fourth quarter valued at about $42,811,000. Royce & Associates LP acquired a new stake in shares of Genesco during the fourth quarter valued at about $11,130,000. JPMorgan Chase & Co. boosted its stake in shares of Genesco by 635.0% during the third quarter. JPMorgan Chase & Co. now owns 190,388 shares of the company’s stock valued at $5,026,000 after purchasing an additional 164,485 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Genesco during the fourth quarter valued at about $3,824,000. Finally, Heartland Advisors Inc. acquired a new stake in shares of Genesco during the fourth quarter valued at about $3,461,000. 99.24% of the stock is currently owned by hedge funds and other institutional investors.
In other Genesco news, Director Thurgood Marshall, Jr. sold 2,200 shares of the business’s stock in a transaction that occurred on Wednesday, April 4th. The stock was sold at an average price of $42.31, for a total value of $93,082.00. Following the transaction, the director now directly owns 9,281 shares of the company’s stock, valued at $392,679.11. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.30% of the stock is currently owned by insiders.
Genesco (NYSE:GCO) last posted its quarterly earnings data on Thursday, March 15th. The company reported $2.15 EPS for the quarter, topping the Zacks’ consensus estimate of $2.09 by $0.06. Genesco had a positive return on equity of 7.07% and a negative net margin of 3.85%. The company had revenue of $930.00 million for the quarter, compared to analyst estimates of $902.00 million. During the same period in the previous year, the firm earned $2.15 earnings per share. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. equities analysts predict that Genesco will post 3.33 earnings per share for the current fiscal year.
A number of analysts have recently commented on the company. Robert W. Baird reissued a “hold” rating and set a $45.00 price target on shares of Genesco in a research note on Friday, April 6th. TheStreet raised Genesco from a “d+” rating to a “c-” rating in a research note on Wednesday, March 21st. Zacks Investment Research lowered Genesco from a “buy” rating to a “hold” rating in a research note on Monday, March 19th. Piper Jaffray set a $44.00 price objective on Genesco and gave the stock a “buy” rating in a research note on Thursday, March 15th. Finally, SunTrust Banks set a $44.00 price objective on Genesco and gave the stock a “buy” rating in a research note on Thursday, March 15th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $41.00.
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Genesco Inc retails and wholesales footwear, apparel, and accessories. The company's Journeys Group segment offers footwear and accessories through the Journeys, Journeys Kidz, Shi by Journeys, Little Burgundy, and Underground by Journeys retail stores, as well as through e-commerce and catalogs for young men, women, and children.
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