34,500 Shares in Genesco Inc. (NYSE:GCO) Acquired by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC acquired a new position in shares of Genesco Inc. (NYSE:GCO - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 34,500 shares of the company's stock, valued at approximately $1,475,000. Brandywine Global Investment Management LLC owned about 0.31% of Genesco at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. JPMorgan Chase & Co. grew its holdings in Genesco by 124.9% during the third quarter. JPMorgan Chase & Co. now owns 251,142 shares of the company's stock worth $6,824,000 after buying an additional 139,485 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Genesco by 25.3% in the 4th quarter. American Century Companies Inc. now owns 276,807 shares of the company's stock worth $11,833,000 after acquiring an additional 55,977 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Genesco in the 4th quarter worth $607,000. Versor Investments LP purchased a new stake in shares of Genesco in the fourth quarter valued at about $543,000. Finally, Proficio Capital Partners LLC bought a new position in shares of Genesco during the fourth quarter valued at about $479,000. 94.51% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Genesco from a "hold" rating to a "buy" rating in a research note on Monday.

Insider Buying and Selling at Genesco

In other news, Director Gregory A. Sandfort purchased 10,974 shares of the company's stock in a transaction dated Thursday, March 20th. The shares were purchased at an average price of $22.92 per share, with a total value of $251,524.08. Following the transaction, the director now directly owns 26,754 shares of the company's stock, valued at approximately $613,201.68. This represents a 69.54 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Fund 1 Investments, Llc sold 12,000 shares of Genesco stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $20.73, for a total value of $248,760.00. Following the completion of the sale, the insider now directly owns 1,097,850 shares of the company's stock, valued at approximately $22,758,430.50. This trade represents a 1.08 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 7.09% of the company's stock.

Genesco Stock Performance

Shares of GCO traded up $1.27 on Monday, reaching $19.27. 481,172 shares of the company's stock traded hands, compared to its average volume of 191,275. The stock's 50 day simple moving average is $31.17 and its two-hundred day simple moving average is $33.24. The company has a current ratio of 1.56, a quick ratio of 0.32 and a debt-to-equity ratio of 0.19. Genesco Inc. has a 52-week low of $16.41 and a 52-week high of $44.80. The stock has a market cap of $212.65 million, a PE ratio of -7.93 and a beta of 2.25.

Genesco (NYSE:GCO - Get Free Report) last released its earnings results on Friday, March 7th. The company reported $3.26 EPS for the quarter, missing analysts' consensus estimates of $3.31 by ($0.05). The business had revenue of $745.95 million for the quarter, compared to the consensus estimate of $780.43 million. Genesco had a positive return on equity of 0.56% and a negative net margin of 1.13%. During the same quarter in the previous year, the firm earned $2.59 earnings per share. On average, analysts forecast that Genesco Inc. will post 0.94 earnings per share for the current fiscal year.

Genesco Company Profile

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.