Genesco Inc (GCO) Files Form 4 Insider Buying : Kevin Patrick Mcdermott Buys 1,000 Shares

Genesco Inc (GCO): Kevin Patrick Mcdermott , director of Genesco Inc purchased 1,000 shares on Sep 20, 2016. The Insider buying transaction was reported by the company on Sep 21, 2016 to the Securities and Exchange Commission. The shares were purchased at $51.39 per share for a total value of $51,390.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 21, 2016, David Baxter (Senior Vice President) purchased 5,000 shares at $51.34 per share price.On Sep 19, 2016, Leonard L Berry (director) purchased 2,000 shares at $51.34 per share price.Also, On Sep 9, 2016, David M Tehle (director) purchased 4,100 shares at $48.66 per share price.On Jun 21, 2016, Mimi Eckel Vaughn (Sr VP-Finance and CFO) sold 4,000 shares at $66.10 per share price.

Shares of Genesco (GCO) ended Tuesday, Sep 21, 2016 session in red amid volatile trading. The shares closed down -0.32 points or -0.62% at $51.5 with 3,84,962 shares getting traded. Post opening the session at $52.31, the shares hit an intraday low of $51.28 and an intraday high of $52.39 and the price vacillated in this range throughout the day. The company has a market cap of $1,062 M and the number of outstanding shares has been calculated to be 2,06,24,514 shares. The 52-week high of Genesco is $74.21 and the 52-week low is $47.66.

Genesco Money Flow Index Chart

Company has been under the radar of several Street Analysts.Genesco is Initiated by Susquehanna to Positive. The Rating was issued on Sep 16, 2016.Genesco is Downgraded by Robert W. Baird to Neutral while Lowering the Price Target of the company shares to $ 53 from a previous price target of $80 . Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Sep 2, 2016.Genesco is Downgraded by Morgan Stanley to Equal-Weight. Earlier the firm had a rating of Overweight on the company shares. The Rating was issued on Jul 20, 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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