Charles Schwab Investment Management Inc. Decreases Stock Holdings in Genesco Inc. (NYSE:GCO)

Charles Schwab Investment Management Inc. reduced its stake in shares of Genesco Inc. (NYSE:GCO - Free Report) by 22.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 228,723 shares of the company's stock after selling 67,388 shares during the quarter. Charles Schwab Investment Management Inc. owned 2.04% of Genesco worth $6,214,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. SummerHaven Investment Management LLC raised its holdings in Genesco by 1.9% during the 2nd quarter. SummerHaven Investment Management LLC now owns 29,246 shares of the company's stock valued at $756,000 after buying an additional 556 shares during the last quarter. Quest Partners LLC increased its position in shares of Genesco by 54.9% during the third quarter. Quest Partners LLC now owns 1,854 shares of the company's stock valued at $50,000 after buying an additional 657 shares during the period. Quarry LP bought a new position in Genesco in the second quarter worth about $27,000. nVerses Capital LLC bought a new position in Genesco in the third quarter worth about $30,000. Finally, CWM LLC grew its holdings in shares of Genesco by 256.4% during the 3rd quarter. CWM LLC now owns 2,363 shares of the company's stock worth $64,000 after acquiring an additional 1,700 shares during the period. Hedge funds and other institutional investors own 94.51% of the company's stock.

Genesco Stock Down 1.5 %

GCO traded down $0.64 during midday trading on Thursday, reaching $43.35. The company's stock had a trading volume of 94,000 shares, compared to its average volume of 140,176. 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's 50-day moving average is $30.78 and its 200-day moving average is $28.47. Genesco Inc. has a 1 year low of $23.21 and a 1 year high of $44.34. The firm has a market capitalization of $486.47 million, a price-to-earnings ratio of -17.88 and a beta of 2.47.

Genesco (NYSE:GCO - Get Free Report) last announced its quarterly earnings results on Friday, December 6th. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.30 by $0.31. The company had revenue of $596.30 million for the quarter, compared to analysts' expectations of $577.73 million. Genesco had a negative net margin of 1.13% and a positive return on equity of 0.56%. Genesco's revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.57 EPS. As a group, research analysts expect that Genesco Inc. will post 0.75 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Genesco 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.