American Century Companies Inc. increased its stake in Genesco Inc. (NYSE:GCO - Free Report) by 25.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 276,807 shares of the company's stock after purchasing an additional 55,977 shares during the quarter. American Century Companies Inc. owned 2.47% of Genesco worth $11,833,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Point72 DIFC Ltd grew its position in Genesco by 1,627.4% during the third quarter. Point72 DIFC Ltd now owns 1,641 shares of the company's stock worth $45,000 after buying an additional 1,546 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Genesco in the 4th quarter worth approximately $111,000. Centiva Capital LP increased its stake in Genesco by 4.3% in the 3rd quarter. Centiva Capital LP now owns 8,755 shares of the company's stock valued at $238,000 after purchasing an additional 357 shares in the last quarter. Inceptionr LLC acquired a new position in Genesco during the fourth quarter worth $264,000. Finally, Franklin Resources Inc. boosted its position in Genesco by 8.4% during the third quarter. Franklin Resources Inc. now owns 11,108 shares of the company's stock worth $313,000 after purchasing an additional 859 shares in the last quarter. Hedge funds and other institutional investors own 94.51% of the company's stock.
Wall Street Analyst Weigh In
Separately, StockNews.com downgraded Genesco from a "buy" rating to a "hold" rating in a research note on Friday, March 7th.
Get Our Latest Report on Genesco
Genesco Trading Down 16.1 %
NYSE:GCO traded down $3.57 on Thursday, reaching $18.58. The stock had a trading volume of 698,109 shares, compared to its average volume of 186,448. The company has a market cap of $205.06 million, a price-to-earnings ratio of -7.65 and a beta of 2.41. Genesco Inc. has a 12-month low of $18.40 and a 12-month high of $44.80. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.56 and a quick ratio of 0.32. The firm's fifty day moving average is $32.62 and its two-hundred day moving average is $33.39.
Genesco (NYSE:GCO - Get Free Report) last released its earnings results on Friday, March 7th. The company reported $3.26 earnings per share for the quarter, missing the consensus estimate of $3.31 by ($0.05). The business had revenue of $745.95 million for the quarter, compared to analysts' expectations 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 company posted $2.59 earnings per share. Equities analysts expect that Genesco Inc. will post 0.94 EPS for the current fiscal year.
Insider Activity at Genesco
In other news, Director Gregory A. Sandfort acquired 10,974 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The shares were purchased at an average cost of $22.92 per share, for a total transaction of $251,524.08. Following the transaction, the director now directly owns 26,754 shares in the company, 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 accessible through this link. Also, major shareholder Fund 1 Investments, Llc sold 12,000 shares of Genesco stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $20.73, for a total value of $248,760.00. Following the sale, the insider now directly owns 1,097,850 shares in the company, valued at approximately $22,758,430.50. This trade represents a 1.08 % decrease in their position. The disclosure for this sale can be found here. 7.09% of the stock is currently owned by corporate insiders.
About Genesco
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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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