Cubist Systematic Strategies LLC Boosts Stock Holdings in Genesco Inc. (NYSE:GCO)

Cubist Systematic Strategies LLC boosted its stake in Genesco Inc. (NYSE:GCO) by 59.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 55,613 shares of the company’s stock after acquiring an additional 20,707 shares during the quarter. Cubist Systematic Strategies LLC owned 0.48% of Genesco worth $1,438,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its stake in 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 acquiring an additional 3,584 shares during the period. Meeder Asset Management Inc. acquired a new stake in Genesco in the 2nd quarter valued at $113,000. XTX Topco Ltd acquired a new stake in Genesco in the 2nd quarter valued at $364,000. First Hawaiian Bank grew its stake in Genesco by 108.2% in the 2nd quarter. First Hawaiian Bank now owns 16,680 shares of the company’s stock valued at $431,000 after acquiring an additional 8,670 shares during the period. Finally, Renaissance Technologies LLC acquired a new stake in Genesco in the 2nd quarter valued at $463,000. Institutional investors and hedge funds own 94.51% of the company’s stock.

Genesco Trading Down 1.6 %

Shares of GCO opened at $26.73 on Wednesday. Genesco Inc. has a 52-week low of $23.21 and a 52-week high of $37.89. 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 firm’s fifty day moving average is $28.25 and its two-hundred day moving average is $26.94. The stock has a market cap of $310.76 million, a PE ratio of -13.71 and a beta of 2.41.

Genesco (NYSE:GCO) last announced its earnings results 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. Genesco had a negative net margin of 0.03% and a positive return on equity of 0.49%. The company had revenue of $525.19 million for the quarter, compared to analysts’ expectations of $512.19 million. Research analysts forecast that Genesco Inc. will post 0.66 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Genesco from a “buy” rating to a “hold” rating in a research note on Monday, September 9th.

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.