Connor Clark & Lunn Investment Management Ltd. raised its stake in Genesco Inc. (NYSE:GCO - Free Report) by 139.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 36,279 shares of the company's stock after purchasing an additional 21,158 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.32% of Genesco worth $986,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently modified their holdings of the company. Quarry LP purchased a new position in shares of Genesco in the 2nd quarter worth about $27,000. nVerses Capital LLC bought a new stake in Genesco in the third quarter worth about $30,000. Quest Partners LLC boosted its stake in Genesco by 54.9% in the third quarter. Quest Partners LLC now owns 1,854 shares of the company's stock valued at $50,000 after acquiring an additional 657 shares during the last quarter. CWM LLC grew its position in shares of Genesco by 256.4% during the 3rd quarter. CWM LLC now owns 2,363 shares of the company's stock valued at $64,000 after acquiring an additional 1,700 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Genesco by 4,977.8% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 3,656 shares of the company's stock worth $95,000 after purchasing an additional 3,584 shares during the last quarter. Institutional investors own 94.51% of the company's stock.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised Genesco from a "hold" rating to a "buy" rating in a report on Monday, November 18th.
View Our Latest Analysis on Genesco
Genesco Stock Performance
GCO traded up $1.71 during trading hours on Thursday, hitting $34.62. The stock had a trading volume of 205,825 shares, compared to its average volume of 136,463. Genesco Inc. has a 1 year low of $23.21 and a 1 year high of $37.89. The company's fifty day simple moving average is $28.47 and its 200 day simple moving average is $27.63. The stock has a market cap of $388.44 million, a PE ratio of -494.50 and a beta of 2.41. The company has a quick ratio of 0.40, a current ratio of 1.53 and a debt-to-equity ratio of 0.15.
Genesco (NYSE:GCO - Get Free Report) last posted its earnings results on Friday, September 6th. The company reported ($0.83) earnings per share for the quarter, topping the consensus estimate of ($1.12) by $0.29. The firm had revenue of $525.19 million during the quarter, compared to the consensus estimate of $512.19 million. Genesco had a negative net margin of 0.03% and a positive return on equity of 0.49%. Equities analysts anticipate that Genesco Inc. will post 0.66 earnings per share for the current year.
Genesco Profile
(
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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