EMC Capital Management Lowers Stock Holdings in Genesco Inc. (NYSE:GCO)

EMC Capital Management decreased its position in Genesco Inc. (NYSE:GCO - Free Report) by 83.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,840 shares of the company's stock after selling 18,767 shares during the quarter. EMC Capital Management's holdings in Genesco were worth $164,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Centiva Capital LP grew its stake in shares of Genesco by 4.3% in the 3rd quarter. Centiva Capital LP now owns 8,755 shares of the company's stock worth $238,000 after acquiring an additional 357 shares in the last quarter. Quest Partners LLC grew its stake in shares of Genesco by 54.9% in the 3rd quarter. Quest Partners LLC now owns 1,854 shares of the company's stock worth $50,000 after acquiring an additional 657 shares in the last quarter. Franklin Resources Inc. grew 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 worth $313,000 after acquiring an additional 859 shares in the last quarter. Quarry LP bought a new stake in shares of Genesco in the 2nd quarter worth $27,000. Finally, nVerses Capital LLC bought a new stake in shares of Genesco in the 3rd quarter worth $30,000. Institutional investors own 94.51% of the company's stock.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Genesco

In other Genesco news, VP Daniel E. Ewoldsen sold 4,000 shares of the company's stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $42.68, for a total transaction of $170,720.00. Following the sale, the vice president now directly owns 41,358 shares of the company's stock, valued at $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 is available through this link. Insiders own 7.09% of the company's stock.

Genesco Stock Performance

GCO traded up $0.18 during trading on Tuesday, hitting $39.67. 57,590 shares of the company traded hands, compared to its average volume of 212,519. The firm has a market cap of $444.64 million, a P/E ratio of -16.31 and a beta of 2.35. The stock's fifty day moving average is $40.89 and its 200 day moving average is $32.77. The company has a quick ratio of 0.32, a current ratio of 1.56 and a debt-to-equity ratio of 0.19. Genesco Inc. has a one year low of $23.21 and a one year high of $44.80.

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

About Genesco

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.