Trexquant Investment LP lowered its stake in Genesco Inc. (NYSE:GCO - Free Report) by 68.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,838 shares of the company's stock after selling 25,309 shares during the quarter. Trexquant Investment LP owned about 0.11% of Genesco worth $506,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. State Street Corp raised its stake in Genesco by 2.1% during the third quarter. State Street Corp now owns 320,691 shares of the company's stock worth $8,713,000 after acquiring an additional 6,587 shares during the period. American Century Companies Inc. grew its holdings in Genesco by 25.3% during the fourth quarter. American Century Companies Inc. now owns 276,807 shares of the company's stock worth $11,833,000 after acquiring an additional 55,977 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Genesco by 124.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 251,142 shares of the company's stock valued at $6,824,000 after purchasing an additional 139,485 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Genesco by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 247,193 shares of the company's stock worth $6,718,000 after purchasing an additional 3,157 shares during the last quarter. Finally, Empowered Funds LLC lifted its stake in Genesco by 5.0% during the fourth quarter. Empowered Funds LLC now owns 61,501 shares of the company's stock valued at $2,629,000 after purchasing an additional 2,953 shares during the last quarter. Institutional investors own 94.51% of the company's stock.
Insider Activity
In other news, Director Gregory A. Sandfort bought 10,974 shares of the business's stock in a transaction dated Thursday, March 20th. The stock was bought at an average price of $22.92 per share, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Fund 1 Investments, Llc sold 12,000 shares of Genesco stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $20.73, for a total value of $248,760.00. Following the completion of the transaction, the insider now directly owns 1,097,850 shares of the company's stock, valued at $22,758,430.50. This represents a 1.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.09% of the stock is owned by company insiders.
Analyst Ratings Changes
Separately, StockNews.com lowered Genesco from a "buy" rating to a "hold" rating in a research note on Tuesday.
Check Out Our Latest Research Report on Genesco
Genesco Stock Up 6.4 %
GCO traded up $1.14 during midday trading on Friday, hitting $18.99. 327,582 shares of the company's stock traded hands, compared to its average volume of 202,974. The company has a market cap of $209.60 million, a PE ratio of -7.81 and a beta of 2.25. The stock's fifty day simple moving average is $26.65 and its 200-day simple moving average is $32.53. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.56 and a quick ratio of 0.32. Genesco Inc. has a one year low of $16.19 and a one year high of $44.80.
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 analysts' consensus estimates 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 positive return on equity of 0.56% and a negative net margin of 1.13%. During the same period in the previous year, the company earned $2.59 EPS. As a group, equities analysts anticipate that Genesco Inc. will post 0.94 earnings per share for the current fiscal year.
About Genesco
(
Free Report)
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.
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