Genesco Inc. (NYSE:GCO) Shares Sold by Pzena Investment Management LLC

Pzena Investment Management LLC trimmed its stake in Genesco Inc. (NYSE:GCO - Free Report) by 14.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,047,673 shares of the company's stock after selling 170,185 shares during the period. Pzena Investment Management LLC owned about 9.35% of Genesco worth $44,788,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Rhumbline Advisers boosted its position in Genesco by 1.5% in the 4th quarter. Rhumbline Advisers now owns 19,146 shares of the company's stock valued at $818,000 after buying an additional 281 shares during the period. Centiva Capital LP raised its holdings in shares of Genesco by 4.3% in the 3rd quarter. Centiva Capital LP now owns 8,755 shares of the company's stock valued at $238,000 after purchasing an additional 357 shares in the last quarter. Quest Partners LLC raised its holdings in shares of Genesco by 54.9% in 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 in the last quarter. Franklin Resources Inc. raised its holdings in shares of Genesco by 8.4% in the 3rd quarter. Franklin Resources Inc. now owns 11,108 shares of the company's stock valued at $313,000 after purchasing an additional 859 shares in the last quarter. Finally, Point72 DIFC Ltd raised its holdings in shares of Genesco by 1,627.4% in the 3rd quarter. Point72 DIFC Ltd now owns 1,641 shares of the company's stock valued at $45,000 after purchasing an additional 1,546 shares in the last quarter. 94.51% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Genesco

In other news, VP Daniel E. Ewoldsen sold 4,000 shares of the stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $42.68, for a total value of $170,720.00. Following the sale, the vice president now owns 41,358 shares in the company, valued at $1,765,159.44. This represents a 8.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 7.09% of the stock is currently owned by company insiders.

Genesco Stock Up 3.4 %

Shares of NYSE GCO traded up $0.69 during trading hours on Wednesday, hitting $20.86. 311,794 shares of the stock were exchanged, compared to its average volume of 165,580. The company has a quick ratio of 0.32, a current ratio of 1.56 and a debt-to-equity ratio of 0.19. The company has a market cap of $233.83 million, a PE ratio of -8.58 and a beta of 2.41. The firm has a fifty day moving average price of $38.94 and a 200-day moving average price of $34.16. Genesco Inc. has a 12 month low of $19.72 and a 12 month high of $44.80.

Genesco (NYSE:GCO - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $745.95 million for the quarter, compared to analyst estimates of $780.43 million. During the same quarter in the previous year, the company posted $2.59 EPS. On average, sell-side analysts expect that Genesco Inc. will post 0.94 EPS for the current 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.