Valeo Financial Advisors LLC Sells 4,813 Shares of Genesco Inc. (NYSE:GCO)

Valeo Financial Advisors LLC reduced its position in shares of Genesco Inc. (NYSE:GCO) by 15.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,254 shares of the company’s stock after selling 4,813 shares during the period. Valeo Financial Advisors LLC owned 0.15% of Genesco worth $1,241,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Meeder Asset Management Inc. increased its position in shares of Genesco by 112.3% during the fourth quarter. Meeder Asset Management Inc. now owns 603 shares of the company’s stock worth $27,000 after acquiring an additional 319 shares during the period. Oppenheimer Asset Management Inc. purchased a new position in Genesco in the fourth quarter valued at $48,000. PNC Financial Services Group Inc. increased its holdings in Genesco by 24.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,350 shares of the company’s stock valued at $60,000 after buying an additional 265 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Genesco in the third quarter valued at $224,000. Finally, Bowling Portfolio Management LLC purchased a new position in Genesco in the fourth quarter valued at $225,000.

NYSE:GCO traded up $2.66 during mid-day trading on Friday, reaching $46.46. The stock had a trading volume of 259,803 shares, compared to its average volume of 317,309. Genesco Inc. has a twelve month low of $37.00 and a twelve month high of $51.85. The company has a quick ratio of 1.32, a current ratio of 2.65 and a debt-to-equity ratio of 0.08. The company has a market cap of $852.50 million, a P/E ratio of 14.16, a PEG ratio of 2.56 and a beta of 0.70.

Genesco (NYSE:GCO) last issued its earnings results on Thursday, March 14th. The company reported $2.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.30 by ($0.12). Genesco had a negative net margin of 1.93% and a positive return on equity of 7.52%. The company had revenue of $675.50 million during the quarter, compared to analysts’ expectations of $914.85 million. During the same period last year, the business posted $2.15 earnings per share. The company’s quarterly revenue was down 2.0% on a year-over-year basis. Analysts expect that Genesco Inc. will post 3.5 EPS for the current year.

Several equities analysts have issued reports on the company. Zacks Investment Research raised Genesco from a “hold” rating to a “strong-buy” rating and set a $55.00 price objective on the stock in a report on Saturday, January 19th. TheStreet raised Genesco from a “c+” rating to a “b” rating in a report on Tuesday, January 8th. ValuEngine lowered Genesco from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Finally, Pivotal Research downgraded shares of Genesco from a “buy” rating to a “hold” rating and set a $52.00 target price for the company. in a research note on Wednesday, January 9th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $44.00.

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Genesco Profile

Genesco Inc operates as a retailer and wholesaler of footwear, apparel, and accessories. The company operates through four segments: Journeys Group, Schuh Group, Johnston & Murphy Group, and Licensed Brands. The Journeys Group segment offers footwear and accessories through the Journeys, Journeys Kidz, and Little Burgundy retail chains, as well as through e-commerce and catalogs for young men, women, and children.

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Institutional Ownership by Quarter for Genesco (NYSE:GCO)

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