Gregory A. Sandfort Purchases 10,974 Shares of Genesco Inc. (NYSE:GCO) Stock

Genesco Inc. (NYSE:GCO - Get Free Report) Director Gregory A. Sandfort acquired 10,974 shares of the company's stock in a transaction that occurred on Thursday, March 20th. The shares were acquired at an average cost of $22.92 per share, for a total transaction of $251,524.08. Following the acquisition, the director now directly owns 26,754 shares of the company's stock, valued at $613,201.68. This trade represents a 69.54 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.

Genesco Stock Performance

Shares of NYSE GCO traded up $0.99 during mid-day trading on Monday, hitting $23.08. The company had a trading volume of 205,040 shares, compared to its average volume of 175,185. The firm's 50 day simple moving average is $35.69 and its two-hundred day simple moving average is $33.66. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.56 and a quick ratio of 0.32. The stock has a market cap of $258.82 million, a price-to-earnings ratio of -9.50 and a beta of 2.41. Genesco Inc. has a 12 month low of $20.09 and a 12 month high of $44.80.

Genesco (NYSE:GCO - Get Free Report) last posted its quarterly earnings data on Friday, March 7th. The company reported $3.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.31 by ($0.05). The company had revenue of $745.95 million for the quarter, compared to analyst estimates 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 posted $2.59 EPS. As a group, equities research analysts forecast that Genesco Inc. will post 0.94 earnings per share for the current year.

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Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Genesco from a "buy" rating to a "hold" rating in a research note on Friday, March 7th.

Institutional Investors Weigh In On Genesco

Several institutional investors and hedge funds have recently modified their holdings of GCO. Empowered Funds LLC boosted its position in Genesco by 5.3% during the third quarter. Empowered Funds LLC now owns 58,548 shares of the company's stock worth $1,591,000 after purchasing an additional 2,948 shares during the period. Quest Partners LLC boosted its holdings in Genesco by 54.9% during the third quarter. Quest Partners LLC now owns 1,854 shares of the company's stock valued at $50,000 after acquiring an additional 657 shares during the period. Meeder Asset Management Inc. increased its position in Genesco by 84.6% in the 3rd quarter. Meeder Asset Management Inc. now owns 8,035 shares of the company's stock worth $218,000 after buying an additional 3,683 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Genesco by 139.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 36,279 shares of the company's stock valued at $986,000 after acquiring an additional 21,158 shares during the period. Finally, Landscape Capital Management L.L.C. bought a new position in Genesco during the third quarter worth $336,000. Institutional investors and hedge funds own 94.51% of the company's stock.

About Genesco

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.