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

Genesco Inc. (NYSE:GCO) VP Daniel E. Ewoldsen sold 4,000 shares of the stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $42.68, for a total transaction of $170,720.00. Following the transaction, the vice president now owns 41,358 shares of the company’s stock, valued at $1,765,159.44. This represents a 8.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Genesco Trading Up 0.6 %

Shares of Genesco stock opened at $43.48 on Wednesday. The firm has a market cap of $487.88 million, a PE ratio of -17.89 and a beta of 2.47. 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 1 year low of $23.21 and a 1 year high of $44.34. The company has a 50 day simple moving average of $32.06 and a two-hundred day simple moving average of $28.93.

Genesco (NYSE:GCO) last issued its earnings results on Friday, December 6th. The company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.30 by $0.31. The company had revenue of $596.30 million for the quarter, compared to the consensus estimate of $577.73 million. Genesco had a negative net margin of 1.13% and a positive return on equity of 0.56%. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.57 earnings per share. Analysts expect that Genesco Inc. will post 0.81 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

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

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.