Genesco (GCO) : Eagle Asset Management Inc reduced its stake in Genesco by 4.75% during the most recent quarter end. The investment management company now holds a total of 2,614,022 shares of Genesco which is valued at $175,034,913 after selling 130,431 shares in Genesco , the firm said in a disclosure report filed with the SEC on Jul 19, 2016.Genesco makes up approximately 1.16% of Eagle Asset Management Inc’s portfolio.
Other Hedge Funds, Including , Capstone Asset Management Co reduced its stake in GCO by selling 643 shares or 5.99% in the most recent quarter. The Hedge Fund company now holds 10,100 shares of GCO which is valued at $676,296. Genesco makes up approx 0.02% of Capstone Asset Management Co’s portfolio.Nn Investment Partners Holdings N.v. reduced its stake in GCO by selling 330 shares or 2.44% in the most recent quarter. The Hedge Fund company now holds 13,190 shares of GCO which is valued at $883,202. Genesco makes up approx 0.01% of Nn Investment Partners Holdings N.v.’s portfolio.Alpha Windward boosted its stake in GCO in the latest quarter, The investment management firm added 360 additional shares and now holds a total of 6,600 shares of Genesco which is valued at $437,250. Genesco makes up approx 0.31% of Alpha Windward’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in GCO in the latest quarter, The investment management firm added 4,087 additional shares and now holds a total of 10,002 shares of Genesco which is valued at $662,633.
Genesco closed down -0.81 points or -1.20% at $66.96 with 1,89,075 shares getting traded on Wednesday. Post opening the session at $66.5, the shares hit an intraday low of $65.55 and an intraday high of $67.35 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
On the company’s financial health, Genesco reported $0.62 EPS for the quarter, beating the analyst consensus estimate by $ 0.23 according to the earnings call on May 26, 2016. Analyst had a consensus of $0.39. The company had revenue of $648.80 million for the quarter, compared to analysts expectations of $658.79 million. The company’s revenue was down -1.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.51 EPS.
Many Wall Street Analysts have commented on Genesco. Genesco was Downgraded by Morgan Stanley to ” Equal-Weight” on Jul 20, 2016. Company shares were Upgraded by Robert W. Baird on May 26, 2016 to ” Outperform”, Firm has raised the Price Target to $ 80 from a previous price target of $68 .Shares were Downgraded by Piper Jaffray on May 24, 2016 to ” Neutral” and Lowered the Price Target to $ 61 from a previous price target of $70 .
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.