Genesco Inc. (NYSE:GCO) Stock Holdings Raised by Marshall Wace LLP

Marshall Wace LLP grew its position in shares of Genesco Inc. (NYSE:GCO - Free Report) by 28.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 428,143 shares of the company's stock after purchasing an additional 95,195 shares during the quarter. Marshall Wace LLP owned approximately 3.82% of Genesco worth $18,303,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Portolan Capital Management LLC purchased a new stake in Genesco in the 4th quarter worth $19,847,000. JPMorgan Chase & Co. boosted its holdings in Genesco by 124.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 251,142 shares of the company's stock worth $6,824,000 after buying an additional 139,485 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Genesco by 25.3% in the fourth quarter. American Century Companies Inc. now owns 276,807 shares of the company's stock valued at $11,833,000 after acquiring an additional 55,977 shares in the last quarter. Brandywine Global Investment Management LLC acquired a new stake in shares of Genesco in the fourth quarter valued at about $1,475,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of Genesco in the fourth quarter valued at approximately $607,000. 94.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Genesco news, Director Gregory A. Sandfort purchased 10,974 shares of the stock in a transaction dated Thursday, March 20th. The shares were acquired at an average cost of $22.92 per share, for a total transaction of $251,524.08. Following the completion of the transaction, the director now directly owns 26,754 shares of the company's stock, valued at $613,201.68. This trade represents a 69.54 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Fund 1 Investments, Llc sold 12,000 shares of the company's stock in a transaction on Friday, March 28th. The shares were sold at an average price of $20.73, for a total value of $248,760.00. Following the completion of the sale, the insider now owns 1,097,850 shares in the company, valued at $22,758,430.50. This represents a 1.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 7.09% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Genesco from a "buy" rating to a "hold" rating in a research report on Tuesday, April 15th.

Genesco Stock Up 2.3 %

Genesco stock traded up $0.45 during mid-day trading on Wednesday, reaching $19.80. 279,018 shares of the company's stock were exchanged, compared to its average volume of 206,274. 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 twelve month low of $16.19 and a twelve month high of $44.80. The company has a market cap of $218.55 million, a P/E ratio of -8.15 and a beta of 2.25. The company has a fifty day moving average of $25.46 and a 200-day moving average of $32.41.

Genesco (NYSE:GCO - Get Free Report) last issued its quarterly earnings results on Friday, March 7th. The company reported $3.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.31 by ($0.05). The firm had revenue of $745.95 million during the quarter, compared to analysts' expectations of $780.43 million. Genesco had a positive return on equity of 0.56% and a negative net margin of 1.13%. During the same quarter in the prior year, the firm earned $2.59 EPS. Sell-side analysts expect that Genesco Inc. will post 0.94 EPS for the current 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.