Proficio Capital Partners LLC Purchases New Position in Genesco Inc. (NYSE:GCO)

Proficio Capital Partners LLC acquired a new stake in Genesco Inc. (NYSE:GCO - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 11,201 shares of the company's stock, valued at approximately $479,000. Proficio Capital Partners LLC owned about 0.10% of Genesco as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Empowered Funds LLC lifted its holdings in Genesco by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 58,548 shares of the company's stock valued at $1,591,000 after purchasing an additional 2,948 shares during the last quarter. Quest Partners LLC raised 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 purchasing an additional 657 shares during the period. Meeder Asset Management Inc. lifted its stake in shares of Genesco by 84.6% during the 3rd quarter. Meeder Asset Management Inc. now owns 8,035 shares of the company's stock worth $218,000 after buying an additional 3,683 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Genesco by 139.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 36,279 shares of the company's stock worth $986,000 after buying an additional 21,158 shares during the period. Finally, Landscape Capital Management L.L.C. acquired a new position in Genesco in the 3rd quarter valued at about $336,000. 94.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Genesco from a "buy" rating to a "hold" rating in a research report on Friday, March 7th.

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Genesco Stock Performance

GCO stock traded up $0.57 during trading hours on Wednesday, hitting $20.74. 254,556 shares of the stock were exchanged, compared to its average volume of 165,381. The company has a 50-day simple moving average of $38.94 and a two-hundred day simple moving average of $34.16. The firm has a market capitalization of $232.54 million, a P/E ratio of -8.51 and a beta of 2.41. Genesco Inc. has a 12 month low of $19.72 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.

Genesco (NYSE:GCO - Get Free Report) last posted its quarterly earnings data 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). Genesco had a negative net margin of 1.13% and a positive return on equity of 0.56%. The business had revenue of $745.95 million during the quarter, compared to the consensus estimate of $780.43 million. During the same period in the prior year, the firm earned $2.59 EPS. On average, analysts forecast that Genesco Inc. will post 0.94 earnings per share for the current fiscal year.

Insider Activity

In related news, VP Daniel E. Ewoldsen sold 4,000 shares of the business's stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $42.68, for a total value of $170,720.00. Following the completion of the transaction, the vice president now owns 41,358 shares of the company's stock, valued at $1,765,159.44. The trade was a 8.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 7.09% of the company's stock.

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.