JPMorgan Chase & Co. Sells 51,139 Shares of Genesco Inc. (NYSE:GCO)

JPMorgan Chase & Co. cut its stake in shares of Genesco Inc. (NYSE:GCO - Free Report) by 20.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 200,003 shares of the company's stock after selling 51,139 shares during the quarter. JPMorgan Chase & Co. owned approximately 1.78% of Genesco worth $8,550,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in GCO. Prudential Financial Inc. boosted its position in shares of Genesco by 16.8% during the 4th quarter. Prudential Financial Inc. now owns 45,904 shares of the company's stock worth $1,962,000 after purchasing an additional 6,600 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Genesco during the 4th quarter worth approximately $607,000. American Century Companies Inc. boosted its position in Genesco by 25.3% in the fourth quarter. American Century Companies Inc. now owns 276,807 shares of the company's stock worth $11,833,000 after purchasing an additional 55,977 shares during the last quarter. Inceptionr LLC purchased a new position in shares of Genesco in the 4th quarter worth about $264,000. Finally, Proficio Capital Partners LLC purchased a new stake in shares of Genesco during the 4th quarter worth approximately $479,000. Institutional investors own 94.51% of the company's stock.

Genesco Price Performance

Shares of GCO traded up $1.14 during trading hours on Friday, reaching $18.99. 327,582 shares of the company's stock traded hands, compared to its average volume of 202,974. Genesco Inc. has a 12 month low of $16.19 and a 12 month high of $44.80. The company has a current ratio of 1.56, a quick ratio of 0.32 and a debt-to-equity ratio of 0.19. The stock has a market cap of $209.60 million, a PE ratio of -7.81 and a beta of 2.25. The firm's 50 day simple moving average is $26.65 and its 200-day simple moving average is $32.53.

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

Insider Buying and Selling at Genesco

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

Wall Street Analysts Forecast Growth

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

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.