Jacobs Levy Equity Management Inc. Sells 30,742 Shares of Genesco Inc. (NYSE:GCO)

Jacobs Levy Equity Management Inc. trimmed its position in shares of Genesco Inc. (NYSE:GCO - Free Report) by 13.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 194,492 shares of the company's stock after selling 30,742 shares during the period. Jacobs Levy Equity Management Inc. owned 1.73% of Genesco worth $5,284,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Quarry LP bought a new stake in shares of Genesco in the 2nd quarter valued at about $27,000. nVerses Capital LLC acquired a new stake in shares of Genesco in the third quarter valued at approximately $30,000. Quest Partners LLC lifted its position in shares of 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 buying an additional 657 shares during the last quarter. CWM LLC lifted its position in shares of Genesco by 256.4% in the third quarter. CWM LLC now owns 2,363 shares of the company's stock valued at $64,000 after buying an additional 1,700 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted 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 acquiring an additional 3,584 shares during the period. Institutional investors and hedge funds own 94.51% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com raised Genesco from a "hold" rating to a "buy" rating in a report on Friday.

Genesco Stock Performance

GCO traded up $3.54 on Friday, reaching $40.95. The company had a trading volume of 362,542 shares, compared to its average volume of 136,801. The stock has a market cap of $459.54 million, a P/E ratio of -16.85 and a beta of 2.47. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.40 and a current ratio of 1.53. Genesco Inc. has a fifty-two week low of $23.21 and a fifty-two week high of $43.00. The company's fifty day moving average is $29.80 and its 200 day moving average is $28.11.

Genesco (NYSE:GCO - Get Free Report) last posted its earnings results on Friday, December 6th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.30 by $0.31. The company had revenue of $596.30 million for the quarter, compared to the consensus estimate of $577.73 million. Genesco had a positive return on equity of 0.49% and a negative net margin of 0.03%. 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, analysts predict that Genesco Inc. will post 0.75 earnings per share 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.