Genesco Inc. (NYSE:GCO) Sees Large Decline in Short Interest

Genesco Inc. (NYSE:GCO - Get Free Report) was the target of a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 530,100 shares, a decrease of 6.9% from the October 15th total of 569,200 shares. Approximately 5.1% of the company's stock are sold short. Based on an average trading volume of 148,500 shares, the days-to-cover ratio is currently 3.6 days.

Genesco Stock Up 2.2 %

Shares of Genesco stock traded up $0.66 during trading hours on Monday, hitting $30.23. The company had a trading volume of 125,613 shares, compared to its average volume of 135,696. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.53 and a quick ratio of 0.40. The company's 50-day moving average is $27.58 and its two-hundred day moving average is $27.33. The company has a market cap of $339.18 million, a P/E ratio of -422.37 and a beta of 2.41. Genesco has a twelve month low of $23.21 and a twelve month high of $37.89.

Genesco (NYSE:GCO - Get Free Report) last released its quarterly earnings data on Friday, September 6th. The company reported ($0.83) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.12) by $0.29. The company 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%. Analysts anticipate that Genesco will post 0.66 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Genesco

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quarry LP purchased a new stake in Genesco in the 2nd quarter valued at $27,000. nVerses Capital LLC purchased a new stake in shares of Genesco in the third quarter valued at about $30,000. Point72 DIFC Ltd boosted its stake in shares of Genesco by 1,627.4% during the third quarter. Point72 DIFC Ltd now owns 1,641 shares of the company's stock worth $45,000 after buying an additional 1,546 shares during the period. Quest Partners LLC grew its holdings in shares of Genesco by 54.9% during the third quarter. Quest Partners LLC now owns 1,854 shares of the company's stock worth $50,000 after buying an additional 657 shares during the last quarter. Finally, CWM LLC increased its position in Genesco by 256.4% in 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. Hedge funds and other institutional investors own 94.51% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded Genesco from a "hold" rating to a "buy" rating in a research note on Monday.

Genesco Company 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.