18,000 Shares in Genesco Inc. (NYSE:GCO) Purchased by Catalyst Capital Advisors LLC

Catalyst Capital Advisors LLC purchased a new position in Genesco Inc. (NYSE:GCO) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 18,000 shares of the company’s stock, valued at approximately $720,000.

Other large investors have also recently added to or reduced their stakes in the company. Parallel Advisors LLC increased its stake in Genesco by 837.9% during the 3rd quarter. Parallel Advisors LLC now owns 619 shares of the company’s stock valued at $25,000 after purchasing an additional 553 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new stake in Genesco during the 2nd quarter valued at about $112,000. Panagora Asset Management Inc. bought a new stake in Genesco during the 2nd quarter valued at about $126,000. Quantamental Technologies LLC bought a new stake in Genesco during the 2nd quarter valued at about $128,000. Finally, Tower Research Capital LLC TRC bought a new stake in shares of Genesco during the third quarter valued at approximately $127,000.

Several equities research analysts recently weighed in on the stock. Pivotal Research upgraded shares of Genesco from a “hold” rating to a “buy” rating and boosted their price target for the stock from $40.00 to $48.00 in a research report on Monday, September 9th. Susquehanna Bancshares set a $48.00 price target on shares of Genesco and gave the stock a “buy” rating in a research report on Friday, September 6th. ValuEngine cut shares of Genesco from a “hold” rating to a “sell” rating in a research report on Friday, July 19th. Finally, Zacks Investment Research cut shares of Genesco from a “strong-buy” rating to a “hold” rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. Genesco presently has an average rating of “Hold” and a consensus price target of $46.00.

Shares of GCO opened at $39.49 on Wednesday. The company’s fifty day moving average is $39.16 and its 200 day moving average is $40.59. Genesco Inc. has a fifty-two week low of $31.65 and a fifty-two week high of $50.73. The stock has a market capitalization of $596.85 million, a PE ratio of 12.04, a P/E/G ratio of 1.97 and a beta of 0.53. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.32 and a current ratio of 1.43.

Genesco (NYSE:GCO) last announced its quarterly earnings results on Friday, September 6th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.18. Genesco had a negative net margin of 1.80% and a positive return on equity of 9.83%. The company had revenue of $486.57 million for the quarter, compared to analysts’ expectations of $491.65 million. During the same quarter in the previous year, the business posted $0.04 earnings per share. Genesco’s quarterly revenue was down .1% on a year-over-year basis. As a group, research analysts forecast that Genesco Inc. will post 4.01 earnings per share for the current year.

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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