BNP Paribas Financial Markets Sells 7,663 Shares of Genesco Inc. (NYSE:GCO)

BNP Paribas Financial Markets trimmed its position in shares of Genesco Inc. (NYSE:GCO) by 19.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 30,808 shares of the company’s stock after selling 7,663 shares during the quarter. BNP Paribas Financial Markets owned about 0.27% of Genesco worth $837,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of GCO. SummerHaven Investment Management LLC boosted its position in shares of Genesco by 1.9% in the 2nd quarter. SummerHaven Investment Management LLC now owns 29,246 shares of the company’s stock worth $756,000 after purchasing an additional 556 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Genesco by 4,977.8% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 3,656 shares of the company’s stock valued at $95,000 after purchasing an additional 3,584 shares during the period. Pzena Investment Management LLC boosted its position in Genesco by 64.1% during the second quarter. Pzena Investment Management LLC now owns 1,221,342 shares of the company’s stock worth $31,584,000 after purchasing an additional 477,166 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in Genesco by 57.3% during the second quarter. Acadian Asset Management LLC now owns 271,394 shares of the company’s stock valued at $7,016,000 after purchasing an additional 98,901 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of Genesco by 20.2% in 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 last quarter. Hedge funds and other institutional investors own 94.51% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Genesco from a “hold” rating to a “buy” rating in a research report on Friday, December 6th.

Genesco Stock Up 1.5 %

GCO opened at $43.99 on Thursday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.32 and a current ratio of 1.56. The business’s fifty day moving average is $30.78 and its two-hundred day moving average is $28.47. Genesco Inc. has a one year low of $23.21 and a one year high of $44.34. The company has a market cap of $493.66 million, a price-to-earnings ratio of -18.10 and a beta of 2.47.

Genesco (NYSE:GCO) last posted its earnings results on Friday, December 6th. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.31. The business had revenue of $596.30 million for the quarter, compared to analyst estimates of $577.73 million. Genesco had a negative net margin of 1.13% and a positive return on equity of 0.56%. The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.57 EPS. Analysts anticipate that Genesco Inc. will post 0.75 EPS for the current fiscal year.

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.