LSV Asset Management Has $2.93 Million Stake in Genesco Inc. (GCO)

LSV Asset Management grew its position in Genesco Inc. (NYSE:GCO) by 24.4% in the third quarter, HoldingsChannel.com reports. The fund owned 62,200 shares of the company’s stock after buying an additional 12,200 shares during the period. LSV Asset Management’s holdings in Genesco were worth $2,929,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in GCO. NumerixS Investment Technologies Inc bought a new position in shares of Genesco in the 2nd quarter valued at about $106,000. Piedmont Investment Advisors LLC bought a new stake in shares of Genesco during the 2nd quarter worth about $184,000. Robeco Institutional Asset Management B.V. bought a new stake in shares of Genesco during the 3rd quarter worth about $222,000. Allianz Asset Management GmbH bought a new stake in shares of Genesco during the 1st quarter worth about $241,000. Finally, USA Financial Portformulas Corp bought a new stake in shares of Genesco during the 3rd quarter worth about $266,000.

In other Genesco news, Director Kathleen Mason sold 500 shares of Genesco stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $50.75, for a total value of $25,375.00. Following the completion of the sale, the director now owns 43,126 shares in the company, valued at approximately $2,188,644.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 4.30% of the stock is owned by insiders.

Shares of GCO stock opened at $40.39 on Friday. The stock has a market cap of $815.60 million, a P/E ratio of 12.82, a P/E/G ratio of 1.66 and a beta of 1.07. The company has a quick ratio of 0.53, a current ratio of 2.43 and a debt-to-equity ratio of 0.10. Genesco Inc. has a 52 week low of $24.50 and a 52 week high of $51.85.

Genesco (NYSE:GCO) last announced its earnings results on Friday, September 7th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.08. Genesco had a negative net margin of 3.77% and a positive return on equity of 7.53%. The business had revenue of $653.90 million during the quarter, compared to the consensus estimate of $641.07 million. During the same quarter in the previous year, the firm posted ($0.10) EPS. Genesco’s revenue was up 6.1% compared to the same quarter last year. On average, research analysts forecast that Genesco Inc. will post 3.24 EPS for the current year.

Several analysts recently commented on the stock. Zacks Investment Research raised shares of Genesco from a “sell” rating to a “hold” rating in a report on Friday, August 24th. Macquarie lifted their target price on shares of Genesco from $28.00 to $32.00 and gave the stock a “hold” rating in a report on Monday, September 10th. ValuEngine downgraded shares of Genesco from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Pivotal Research set a $55.00 target price on shares of Genesco and gave the stock a “buy” rating in a report on Monday, September 10th. Nine analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $39.88.

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Genesco Profile

Genesco Inc retails and wholesales footwear, apparel, and accessories. The company operates in five segments: Journeys Group, Schuh Group, Lids Sports Group, Johnston & Murphy Group, and Licensed Brands. The Journeys Group segment offers footwear and accessories through the Journeys, Journeys Kidz, Shi by Journeys, and Little Burgundy retail chains, as well as through e-commerce and catalogs for young men, women, and children.

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Institutional Ownership by Quarter for Genesco (NYSE:GCO)

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