Genesco Inc. (NYSE:GCO) Stock Holdings Raised by Geode Capital Management LLC

Geode Capital Management LLC raised its position in shares of Genesco Inc. (NYSE:GCO) by 1.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 247,193 shares of the company’s stock after buying an additional 3,157 shares during the quarter. Geode Capital Management LLC owned about 2.20% of Genesco worth $6,718,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its position 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 worth $95,000 after buying an additional 3,584 shares during the last quarter. Acadian Asset Management LLC raised its position in shares of Genesco by 57.3% during the 2nd quarter. Acadian Asset Management LLC now owns 271,394 shares of the company’s stock worth $7,016,000 after purchasing an additional 98,901 shares during the period. American Century Companies Inc. lifted its holdings in shares of Genesco by 20.2% in the 2nd quarter. American Century Companies Inc. now owns 157,064 shares of the company’s stock worth $4,062,000 after purchasing an additional 26,436 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in Genesco during the 2nd quarter valued at approximately $113,000. Finally, Dimensional Fund Advisors LP grew its stake in Genesco by 2.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 745,818 shares of the company’s stock worth $19,286,000 after buying an additional 17,664 shares during the last quarter. Institutional investors own 94.51% of the company’s stock.

Insider Transactions at Genesco

In other Genesco news, VP Daniel E. Ewoldsen sold 4,000 shares of the business’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $42.68, for a total transaction of $170,720.00. Following the sale, the vice president now directly owns 41,358 shares in the company, valued at approximately $1,765,159.44. The trade was a 8.82 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 7.09% of the company’s stock.

Genesco Price Performance

NYSE GCO opened at $42.69 on Friday. The company has a 50-day moving average price of $35.57 and a two-hundred day moving average price of $30.29. Genesco Inc. has a 52 week low of $23.21 and a 52 week high of $44.80. The stock has a market cap of $478.64 million, a price-to-earnings ratio of -17.57 and a beta of 2.37. The company has a current ratio of 1.56, a quick ratio of 0.32 and a debt-to-equity ratio of 0.19.

Genesco (NYSE:GCO) last issued its quarterly earnings data on Friday, December 6th. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.31. Genesco had a positive return on equity of 0.56% and a negative net margin of 1.13%. The business had revenue of $596.30 million during the quarter, compared to analyst estimates of $577.73 million. During the same period in the prior year, the company posted $0.57 EPS. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. Analysts forecast that Genesco Inc. will post 0.81 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Genesco from a “hold” rating to a “buy” rating in a research note on Friday, December 6th.

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.