11,201 Shares in Genesco Inc. (NYSE:GCO) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new stake in shares of Genesco Inc. (NYSE:GCO) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 11,201 shares of the company’s stock, valued at approximately $479,000. Proficio Capital Partners LLC owned 0.10% of Genesco at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in GCO. Quest Partners LLC raised its stake in shares of Genesco by 54.9% during the 3rd quarter. Quest Partners LLC now owns 1,854 shares of the company’s stock valued at $50,000 after purchasing an additional 657 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Genesco by 139.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 36,279 shares of the company’s stock valued at $986,000 after buying an additional 21,158 shares in the last quarter. Landscape Capital Management L.L.C. bought a new stake in shares of Genesco during the third quarter valued at about $336,000. Dynamic Technology Lab Private Ltd lifted its holdings in shares of Genesco by 166.4% in the third quarter. Dynamic Technology Lab Private Ltd now owns 34,275 shares of the company’s stock worth $931,000 after buying an additional 21,410 shares in the last quarter. Finally, Martingale Asset Management L P purchased a new stake in shares of Genesco in the third quarter worth about $842,000. Hedge funds and other institutional investors own 94.51% of the company’s stock.

Genesco Trading Up 4.5 %

Genesco stock opened at $23.08 on Tuesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.32 and a current ratio of 1.56. Genesco Inc. has a fifty-two week low of $20.09 and a fifty-two week high of $44.80. The stock has a market cap of $258.82 million, a P/E ratio of -9.50 and a beta of 2.41. The firm’s fifty day moving average price is $35.34 and its 200-day moving average price is $33.62.

Genesco (NYSE:GCO) last announced its earnings results on Friday, March 7th. The company reported $3.26 earnings per share for the quarter, missing analysts’ consensus estimates of $3.31 by ($0.05). The business had revenue of $745.95 million during the quarter, compared to the consensus estimate of $780.43 million. Genesco had a positive return on equity of 0.56% and a negative net margin of 1.13%. During the same quarter in the prior year, the company earned $2.59 earnings per share. Equities research analysts forecast that Genesco Inc. will post 0.94 earnings per share for the current fiscal year.

Insider Activity at Genesco

In other news, Director Gregory A. Sandfort bought 10,974 shares of Genesco stock in a transaction that occurred on Thursday, March 20th. The shares were acquired at an average price of $22.92 per share, with a total value of $251,524.08. Following the completion of the purchase, the director now directly owns 26,754 shares in the company, valued at $613,201.68. The trade was a 69.54 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 7.09% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Genesco from a “buy” rating to a “hold” rating in a report on Friday, March 7th.

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.