Brandywine Global Investment Management LLC Acquires Shares of 34,500 Genesco Inc. (NYSE:GCO)

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

A number of other institutional investors have also recently made changes to their positions in the company. Centiva Capital LP lifted its position in Genesco by 4.3% in the 3rd quarter. Centiva Capital LP now owns 8,755 shares of the company’s stock valued at $238,000 after acquiring an additional 357 shares in the last quarter. Point72 DIFC Ltd lifted its holdings in shares of Genesco by 1,627.4% during the third quarter. Point72 DIFC Ltd now owns 1,641 shares of the company’s stock valued at $45,000 after purchasing an additional 1,546 shares in the last quarter. State Street Corp boosted its position in shares of Genesco by 2.1% during the third quarter. State Street Corp now owns 320,691 shares of the company’s stock valued at $8,713,000 after buying an additional 6,587 shares during the last quarter. Barclays PLC increased its holdings in Genesco by 103.1% in the 3rd quarter. Barclays PLC now owns 20,730 shares of the company’s stock worth $563,000 after buying an additional 10,521 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Genesco by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 247,193 shares of the company’s stock worth $6,718,000 after buying an additional 3,157 shares during the last quarter. Hedge funds and other institutional investors own 94.51% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In related news, major shareholder Fund 1 Investments, Llc sold 12,000 shares of the firm’s stock in a transaction on Friday, March 28th. The stock was sold at an average price of $20.73, for a total value of $248,760.00. Following the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gregory A. Sandfort purchased 10,974 shares of the business’s stock in a transaction on Thursday, March 20th. The shares were bought at an average cost of $22.92 per share, with a total value 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 position. The disclosure for this purchase can be found here. 7.09% of the stock is currently owned by insiders.

Genesco Price Performance

Shares of GCO opened at $22.14 on Thursday. The firm has a fifty day simple moving average of $32.62 and a two-hundred day simple moving average of $33.39. The firm has a market cap of $244.38 million, a PE ratio of -9.11 and a beta of 2.41. 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 1-year low of $20.09 and a 1-year high of $44.80.

Genesco (NYSE:GCO) last posted its quarterly earnings data on Friday, March 7th. The company reported $3.26 EPS for the quarter, missing analysts’ consensus estimates of $3.31 by ($0.05). The firm had revenue of $745.95 million for the quarter, compared to analysts’ expectations of $780.43 million. Genesco had a negative net margin of 1.13% and a positive return on equity of 0.56%. During the same quarter last year, the company posted $2.59 EPS. On average, equities analysts anticipate that Genesco Inc. will post 0.94 EPS for the current 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.