Martingale Asset Management L P Acquires New Stake in Genesco Inc. (NYSE:GCO)

Martingale Asset Management L P purchased a new position in shares of Genesco Inc. (NYSE:GCO - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 30,990 shares of the company's stock, valued at approximately $842,000. Martingale Asset Management L P owned about 0.28% of Genesco as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. SummerHaven Investment Management LLC raised its position in Genesco by 1.9% during the 2nd quarter. SummerHaven Investment Management LLC now owns 29,246 shares of the company's stock valued at $756,000 after purchasing an additional 556 shares during the last quarter. Quest Partners LLC raised its position in Genesco by 54.9% during the 3rd quarter. Quest Partners LLC now owns 1,854 shares of the company's stock valued at $50,000 after purchasing an additional 657 shares during the last quarter. Quarry LP bought a new position in Genesco during the 2nd quarter valued at approximately $27,000. nVerses Capital LLC purchased a new position in shares of Genesco during the 3rd quarter worth approximately $30,000. Finally, CWM LLC raised its position in shares of Genesco by 256.4% in the 3rd quarter. CWM LLC now owns 2,363 shares of the company's stock worth $64,000 after acquiring an additional 1,700 shares in the last quarter. Institutional investors own 94.51% of the company's stock.

Genesco Stock Performance

Shares of NYSE:GCO traded up $1.35 during trading on Tuesday, hitting $36.89. The stock had a trading volume of 174,424 shares, compared to its average volume of 136,722. Genesco Inc. has a 12 month low of $23.21 and a 12 month high of $36.96. The firm's fifty day moving average is $28.88 and its 200 day moving average is $27.81. The company has a quick ratio of 0.40, a current ratio of 1.53 and a debt-to-equity ratio of 0.15.

Genesco (NYSE:GCO - Get Free Report) last announced its earnings results on Friday, September 6th. The company reported ($0.83) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.12) by $0.29. Genesco had a positive return on equity of 0.49% and a negative net margin of 0.03%. The firm had revenue of $525.19 million during the quarter, compared to analyst estimates of $512.19 million. As a group, sell-side analysts predict that Genesco Inc. will post 0.66 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com lowered Genesco from a "buy" rating to a "hold" rating in a research report on Thursday, November 28th.

Genesco 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.