Genesco Inc. (NYSE:GCO) Shares Purchased by Barclays PLC

Barclays PLC grew its holdings in shares of Genesco Inc. (NYSE:GCO) by 103.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,730 shares of the company’s stock after acquiring an additional 10,521 shares during the period. Barclays PLC owned about 0.18% of Genesco worth $563,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Quarry LP purchased a new position in Genesco in the second quarter valued at about $27,000. nVerses Capital LLC purchased a new position in shares of Genesco during the 3rd quarter valued at approximately $30,000. Point72 DIFC Ltd grew its position in shares of Genesco by 1,627.4% during the third quarter. Point72 DIFC Ltd now owns 1,641 shares of the company’s stock worth $45,000 after buying an additional 1,546 shares in the last quarter. Quest Partners LLC increased its stake in shares of Genesco by 54.9% in the third quarter. Quest Partners LLC now owns 1,854 shares of the company’s stock worth $50,000 after buying an additional 657 shares during the last quarter. Finally, CWM LLC raised its holdings in Genesco by 256.4% in the third quarter. CWM LLC now owns 2,363 shares of the company’s stock valued at $64,000 after acquiring an additional 1,700 shares in the last quarter. 94.51% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, VP Daniel E. Ewoldsen sold 4,000 shares of the company’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $42.68, for a total transaction of $170,720.00. Following the completion of the transaction, the vice president now directly owns 41,358 shares in the company, valued at $1,765,159.44. This represents a 8.82 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 7.09% 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 report on Friday, December 6th.

Genesco Stock Down 4.3 %

Shares of Genesco stock opened at $40.35 on Friday. The business has a 50-day moving average price of $37.93 and a 200 day moving average price of $31.27. The company has a quick ratio of 0.32, a current ratio of 1.56 and a debt-to-equity ratio of 0.19. Genesco Inc. has a fifty-two week low of $23.21 and a fifty-two week high of $44.80. The firm has a market cap of $452.36 million, a P/E ratio of -16.61 and a beta of 2.37.

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

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.