Sei Investments Co. Boosts Stock Position in Genesco Inc. (NYSE:GCO)

Sei Investments Co. boosted its position in shares of Genesco Inc. (NYSE:GCO) by 168.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,564 shares of the company’s stock after acquiring an additional 15,411 shares during the quarter. Sei Investments Co. owned 0.21% of Genesco worth $635,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of GCO. Pzena Investment Management LLC boosted its stake in shares of Genesco by 64.1% in the second quarter. Pzena Investment Management LLC now owns 1,221,342 shares of the company’s stock valued at $31,584,000 after purchasing an additional 477,166 shares during the period. Gate City Capital Management LLC purchased a new position in Genesco in the 4th quarter valued at approximately $5,162,000. Acadian Asset Management LLC grew its stake in shares of Genesco by 57.3% in the second quarter. Acadian Asset Management LLC now owns 271,394 shares of the company’s stock worth $7,016,000 after acquiring an additional 98,901 shares in the last quarter. GSA Capital Partners LLP increased its position in shares of Genesco by 83.9% during the fourth quarter. GSA Capital Partners LLP now owns 68,943 shares of the company’s stock worth $2,427,000 after acquiring an additional 31,456 shares during the period. Finally, American Century Companies Inc. increased its position in shares of Genesco by 20.2% during the second quarter. American Century Companies Inc. now owns 157,064 shares of the company’s stock worth $4,062,000 after acquiring an additional 26,436 shares during the period. 94.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Genesco from a “hold” rating to a “buy” rating in a research note on Friday, October 4th.

Genesco Stock Down 0.8 %

Shares of NYSE:GCO opened at $27.13 on Wednesday. Genesco Inc. has a fifty-two week low of $23.21 and a fifty-two week high of $37.89. The firm’s 50 day moving average price is $28.04 and its 200 day moving average price is $26.97. The company has a quick ratio of 0.40, a current ratio of 1.53 and a debt-to-equity ratio of 0.15. The stock has a market cap of $315.41 million, a price-to-earnings ratio of -13.91 and a beta of 2.40.

Genesco (NYSE:GCO) last released its quarterly earnings data 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. The business had revenue of $525.19 million during the quarter, compared to analysts’ expectations of $512.19 million. Genesco had a negative net margin of 0.03% and a positive return on equity of 0.49%. As a group, equities research analysts predict that Genesco Inc. will post 0.66 earnings per share for the current fiscal year.

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.