Alliancebernstein L.P. Has $38.94 Million Holdings in Genesco Inc. (NYSE:GCO)

Alliancebernstein L.P. lessened its position in Genesco Inc. (NYSE:GCO - Free Report) by 2.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 910,806 shares of the company's stock after selling 21,441 shares during the period. Alliancebernstein L.P. owned about 8.12% of Genesco worth $38,937,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Versor Investments LP acquired a new stake in shares of Genesco in the 4th quarter valued at $543,000. Brandywine Global Investment Management LLC acquired a new stake in shares of Genesco in the 4th quarter valued at $1,475,000. American Century Companies Inc. boosted its stake in shares of Genesco by 25.3% in the 4th quarter. American Century Companies Inc. now owns 276,807 shares of the company's stock valued at $11,833,000 after purchasing an additional 55,977 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Genesco in the 4th quarter valued at $479,000. Finally, Franklin Resources Inc. boosted its stake in shares of Genesco by 8.4% in the 3rd quarter. Franklin Resources Inc. now owns 11,108 shares of the company's stock valued at $313,000 after purchasing an additional 859 shares in the last quarter. Institutional investors and hedge funds own 94.51% of the company's stock.

Insider Activity at Genesco

In other news, Director Gregory A. Sandfort acquired 10,974 shares of the company's stock in a transaction on Thursday, March 20th. The stock was purchased at an average cost of $22.92 per share, with a total value of $251,524.08. Following the acquisition, the director now 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Fund 1 Investments, Llc sold 12,000 shares of the company's stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $20.73, for a total value of $248,760.00. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. 7.09% of the stock is currently owned by company insiders.

Genesco Price Performance

Shares of Genesco stock traded down $2.10 during trading on Thursday, reaching $18.32. The company's stock had a trading volume of 87,505 shares, compared to its average volume of 195,621. The stock has a 50-day moving average price of $29.28 and a two-hundred day moving average price of $32.93. 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 one year low of $16.19 and a one year high of $44.80. The stock has a market capitalization of $202.25 million, a P/E ratio of -7.57 and a beta of 2.25.

Genesco (NYSE:GCO - Get Free Report) last released its quarterly earnings results 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). Genesco had a negative net margin of 1.13% and a positive return on equity of 0.56%. The business had revenue of $745.95 million during the quarter, compared to the consensus estimate of $780.43 million. During the same period in the prior year, the firm earned $2.59 earnings per share. As a group, sell-side analysts anticipate that Genesco Inc. will post 0.94 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Genesco from a "hold" rating to a "buy" rating in a report on Monday.

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.