Proficio Capital Partners LLC bought a new stake in Genesco Inc. (NYSE:GCO - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 11,201 shares of the company's stock, valued at approximately $479,000. Proficio Capital Partners LLC owned about 0.10% of Genesco at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. State Street Corp increased its holdings in shares of Genesco by 2.1% during the third quarter. State Street Corp now owns 320,691 shares of the company's stock worth $8,713,000 after purchasing an additional 6,587 shares during the period. JPMorgan Chase & Co. boosted its position in Genesco by 124.9% in the third quarter. JPMorgan Chase & Co. now owns 251,142 shares of the company's stock valued at $6,824,000 after buying an additional 139,485 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Genesco by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 247,193 shares of the company's stock valued at $6,718,000 after acquiring an additional 3,157 shares during the last quarter. Empowered Funds LLC raised its position in Genesco by 5.0% in the fourth quarter. Empowered Funds LLC now owns 61,501 shares of the company's stock valued at $2,629,000 after purchasing an additional 2,953 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake 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 buying an additional 21,158 shares during the period. Institutional investors own 94.51% of the company's stock.
Wall Street Analyst Weigh In
Separately, StockNews.com cut shares of Genesco from a "buy" rating to a "hold" rating in a research report on Friday, March 7th.
Read Our Latest Report on Genesco
Genesco Trading Down 5.8 %
NYSE:GCO traded down $1.29 during trading hours on Friday, hitting $20.92. 360,896 shares of the company were exchanged, compared to its average volume of 182,711. The stock has a market capitalization of $234.59 million, a price-to-earnings ratio of -8.61 and a beta of 2.41. Genesco Inc. has a one year low of $20.09 and a one year high of $44.80. The company has a fifty day simple moving average of $34.21 and a 200 day simple moving average of $33.44. 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 (NYSE:GCO - Get Free Report) last issued its quarterly earnings data on Friday, March 7th. The company reported $3.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.31 by ($0.05). The company had revenue of $745.95 million for the quarter, compared to the consensus estimate 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 last year, the business earned $2.59 earnings per share. Sell-side analysts expect that Genesco Inc. will post 0.94 EPS for the current fiscal year.
Insider Transactions at Genesco
In other Genesco news, Director Gregory A. Sandfort acquired 10,974 shares of the company's stock in a transaction on Thursday, March 20th. The shares were purchased at an average cost of $22.92 per share, with a total value of $251,524.08. Following the completion of the purchase, the director now owns 26,754 shares of the company's stock, valued at approximately $613,201.68. This represents a 69.54 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 7.09% of the company's stock.
Genesco Company Profile
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Free Report)
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.
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