Genesco (NYSE:GCO) is engaged in the retail and wholesale of footwear, apparel, and accessories.
Insider selling during the last 30 days
Here is a table of Genesco's insider activity during the last 30 days.
|Name||Title||Trade Date||Shares Sold||Rule 10b5-1||Current Ownership||Decrease In Ownership|
|Mimi Vaughn||SVP||April 9||3,180||No||44,845 shares||6.6%|
|Jonathan Caplan||SVP||April 4||11,790||No||53,158 shares||18.2%|
|Marty Dickens||Director||April 1||3,832||No||12,734 shares||23.1%|
|Roger Sisson||SVP||April 1||15,482||No||70,116 shares||18.1%|
|James Gulmi||CFO||March 25-28||20,000||No||132,556 shares||13.1%|
|Robert Dennis||CEO||March 17-26||55,000||No||213,385 shares||20.5%|
|James Estepa||SVP||March 19||14,934||No||57,297 shares||20.7%|
There have been 124,218 shares sold by insiders during the last 30 days.
Insider selling by calendar month
Here is a table of Genesco's insider activity by calendar month.
|Month||Insider selling / shares||Insider buying / shares|
There have been 399,621 shares sold, and there have been zero shares purchased by insiders since January 2013.
Genesco reported the fiscal 2014 full-year, which ended February 1, financial results on March 13 with the following highlights:
|Net income||$92.7 million|
The seven insiders sold their shares after these results.
Genesco's revenue growth has turned negative.
Genesco's fiscal 2015 guidance is as follows:
|Comparable sales growth||Low single digit|
|Qtrly Rev Growth (yoy):||-0.01||-0.07||-0.12||0.02|
|PEG (5 yr expected):||0.95||2.00||0.87||1.03|
Genesco has the highest P/S ratio among these four companies.
Here is a table of these competitors' insider activities this year.
|Company||Insider buying / shares||Insider selling / shares|
Only Genesco has seen intensive insider selling during the last 30 days.
There have been seven different insiders selling Genesco, and there have not been any insiders buying Genesco during the last 30 days. Six of these seven insiders decreased their holdings by more than 10%. Genesco has an insider ownership of 3.70%.
Before going short Genesco, I would like to get a bearish confirmation from the Point & Figure chart. The three main reasons for the proposed short entry are a relatively high P/S ratio, negative revenue growth, and the intensive insider-selling activity.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.