Genesco Inc. (NYSE:GCO) Short Interest Update

Genesco Inc. (NYSE:GCO - Get Free Report) was the recipient of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 517,600 shares, an increase of 8.6% from the January 15th total of 476,500 shares. Based on an average daily volume of 194,300 shares, the days-to-cover ratio is currently 2.7 days. Approximately 5.0% of the shares of the company are short sold.

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.

Insider Buying and Selling

In related news, VP Daniel E. Ewoldsen sold 4,000 shares of the stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $42.68, for a total transaction of $170,720.00. Following the completion of the sale, the vice president now directly owns 41,358 shares of the company's stock, valued at $1,765,159.44. This trade represents a 8.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 7.09% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd increased its position in shares of Genesco by 166.4% in the third quarter. Dynamic Technology Lab Private Ltd now owns 34,275 shares of the company's stock valued at $931,000 after buying an additional 21,410 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Genesco by 8.4% in the third quarter. Franklin Resources Inc. now owns 11,108 shares of the company's stock valued at $313,000 after buying an additional 859 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Genesco by 124.9% in the third 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. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Genesco by 139.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 36,279 shares of the company's stock valued at $986,000 after buying an additional 21,158 shares in the last quarter. Finally, Martingale Asset Management L P purchased a new position in shares of Genesco in the third quarter valued at $842,000. Hedge funds and other institutional investors own 94.51% of the company's stock.

Genesco Price Performance

NYSE:GCO traded down $1.26 during trading hours on Friday, hitting $37.81. The company's stock had a trading volume of 292,883 shares, compared to its average volume of 213,711. The business's 50-day moving average is $41.36 and its two-hundred day moving average is $33.69. The company has a market capitalization of $423.79 million, a PE ratio of -15.56 and a beta of 2.35. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.32 and a current ratio of 1.56. Genesco has a 52-week low of $23.21 and a 52-week high of $44.80.

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