Assenagon Asset Management S.A. Lowers Stock Holdings in Genesco Inc. (NYSE:GCO)

Assenagon Asset Management S.A. decreased its stake in Genesco Inc. (NYSE:GCO - Free Report) by 38.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,244 shares of the company's stock after selling 20,278 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.29% of Genesco worth $1,378,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. American Century Companies Inc. raised its holdings in shares of Genesco by 20.2% during the second quarter. American Century Companies Inc. now owns 157,064 shares of the company's stock worth $4,062,000 after acquiring an additional 26,436 shares in the last quarter. Dynamic Technology Lab Private Ltd raised its stake in shares of Genesco by 166.4% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 34,275 shares of the company's stock worth $931,000 after purchasing an additional 21,410 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Genesco by 8.4% during the 3rd quarter. Franklin Resources Inc. now owns 11,108 shares of the company's stock valued at $313,000 after buying an additional 859 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Genesco by 124.9% in the 3rd 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. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in Genesco by 139.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 36,279 shares of the company's stock worth $986,000 after buying an additional 21,158 shares during the last quarter. Institutional investors and hedge funds own 94.51% of the company's stock.

Insider Transactions at Genesco

In other news, VP Daniel E. Ewoldsen sold 4,000 shares of the company's stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $42.68, for a total value of $170,720.00. Following the transaction, the vice president now owns 41,358 shares of the company's stock, valued at approximately $1,765,159.44. This represents a 8.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 7.09% of the stock is currently owned by insiders.

Genesco Stock Performance

GCO stock traded down $0.68 during trading on Friday, reaching $42.74. 204,497 shares of the stock were exchanged, compared to its average volume of 217,126. The company has a market capitalization of $479.20 million, a P/E ratio of -17.59 and a beta of 2.37. The company has a current ratio of 1.56, a quick ratio of 0.32 and a debt-to-equity ratio of 0.19. The stock has a 50 day simple moving average of $39.29 and a 200-day simple moving average of $31.94. Genesco Inc. has a twelve month low of $23.21 and a twelve month high of $44.80.

Genesco (NYSE:GCO - Get Free Report) last posted its quarterly earnings data on Friday, December 6th. The company reported $0.61 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.31. Genesco had a positive return on equity of 0.56% and a negative net margin of 1.13%. The company had revenue of $596.30 million for the quarter, compared to analyst estimates of $577.73 million. During the same quarter in the previous year, the firm earned $0.57 earnings per share. The business's revenue was up 2.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Genesco Inc. will post 0.94 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Genesco from a "hold" rating to a "buy" rating in a research note on Friday, December 6th.

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.