Genesco Inc (GCO) Files Form 4 Insider Selling : Robert J Dennis Sells 16,685 Shares

Genesco Inc (GCO): Robert J Dennis , Chairman, President & CEO of Genesco Inc sold 16,685 shares on Jun 8, 2016. The Insider selling transaction was reported by the company on Jun 10, 2016 to the Securities and Exchange Commission. The shares were sold at $65.15 per share for a total value of $1,086,041.25 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 16, 2016, Robert J Dennis (Chairman, President & CEO) sold 15,000 shares at $65.90 per share price.On Dec 17, 2015, Kenneth Kocher (Senior Vice President) sold 10,000 shares at $55.83 per share price.Also, On Sep 15, 2015, Roger G Sisson (Sr VP, Secretary & Gen Counsel) sold 2,322 shares at $57.46 per share price.On Jul 13, 2015, James S Beard (director) purchased 3,000 shares at $66.54 per share price.

Shares of Genesco (GCO) ended Thursday, Jun 9, 2016 session in red amid volatile trading. The shares closed down -0.62 points or -0.95% at $64.92 with 1,52,755 shares getting traded. Post opening the session at $65.33, the shares hit an intraday low of $64.39 and an intraday high of $65.635 and the price vacillated in this range throughout the day. The company has a market cap of $1,384 M and the number of outstanding shares has been calculated to be 2,13,12,624 shares. The 52-week high of Genesco is $72.63 and the 52-week low is $50.64.

Genesco Money Flow Index Chart

Company has been under the radar of several Street Analysts.Genesco is Upgraded by Robert W. Baird to Outperform and the brokerage firm has raised the Price Target to $ 80 from a previous price target of $68 .Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on May 26, 2016.Genesco is Downgraded by Piper Jaffray to Neutral while Lowering the Price Target of the company shares to $ 61 from a previous price target of $70 . Earlier the firm had a rating of Overweight on the company shares. The Rating was issued on May 24, 2016.Genesco is Downgraded by Sterne Agee CRT to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 19, 2016.

Genesco Inc. is a retailer and wholesaler of footwear apparel and accessories. The Company operates in five segments: Journeys Group Schuh Group Lids Sports Group Johnston & Murphy Group and Licensed Brands. Journeys Group consists of Journeys Journeys Kidz Shi by Journeys and Underground by Journeys retail footwear chains catalog and e-commerce operations. Schuh Group consists of the Schuh retail footwear chain and e-commerce operations. Lids Sports Group consists of Lids the Lids Locker Room and Lids Clubhouse businesses Locker Room Lids Team Sports and headwear and accessory stores. Johnston & Murphy Group consists of Johnston & Murphy retail operations catalog and e-commerce operations and wholesale distribution of products under the Johnston & Murphy and Trask brands. Licensed Brands consists of Dockers Footwear sourced and marketed under a license from Levi Strauss & Company and SureGrip Footwear occupational footwear sold directly to consumers and other brands.

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