Bank of New York Mellon Corp Reduces Position in Genesco Inc. (NYSE:GCO)

Bank of New York Mellon Corp lessened its stake in shares of Genesco Inc. (NYSE:GCO) by 3.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 47,729 shares of the company’s stock after selling 1,845 shares during the period. Bank of New York Mellon Corp owned 0.41% of Genesco worth $1,234,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of GCO. Jump Financial LLC acquired a new stake in shares of Genesco during the fourth quarter valued at about $250,000. First Hawaiian Bank raised its holdings in shares of Genesco by 108.2% in the 2nd quarter. First Hawaiian Bank now owns 16,680 shares of the company’s stock valued at $431,000 after buying an additional 8,670 shares during the period. SummerHaven Investment Management LLC lifted its stake in Genesco by 1.9% during the 2nd quarter. SummerHaven Investment Management LLC now owns 29,246 shares of the company’s stock worth $756,000 after acquiring an additional 556 shares in the last quarter. Empowered Funds LLC boosted its holdings in Genesco by 7.9% during the 1st quarter. Empowered Funds LLC now owns 31,089 shares of the company’s stock valued at $875,000 after acquiring an additional 2,275 shares during the period. Finally, BNP Paribas Financial Markets grew its position in Genesco by 54.2% in the 1st quarter. BNP Paribas Financial Markets now owns 36,283 shares of the company’s stock valued at $1,021,000 after acquiring an additional 12,754 shares in the last quarter. 94.51% of the stock is owned by hedge funds and other institutional investors.

Genesco Stock Performance

Shares of GCO opened at $27.16 on Friday. The stock has a market capitalization of $315.76 million, a P/E ratio of -13.93 and a beta of 2.41. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.40 and a current ratio of 1.53. Genesco Inc. has a 1 year low of $23.21 and a 1 year high of $37.89. The company’s fifty day moving average is $28.40 and its two-hundred day moving average is $26.94.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Genesco from a “buy” rating to a “hold” rating in a research note on Monday, September 9th.

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.