1,028 Shares in Genesco Inc. (NYSE:GCO) Acquired by Quarry LP

Quarry LP purchased a new stake in shares of Genesco Inc. (NYSE:GCO) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 1,028 shares of the company’s stock, valued at approximately $27,000.

Several other hedge funds also recently modified their holdings of GCO. Allspring Global Investments Holdings LLC lifted its stake in Genesco by 4,977.8% during the second 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 last quarter. Meeder Asset Management Inc. bought a new stake in shares of Genesco during the 2nd quarter worth $113,000. XTX Topco Ltd acquired a new position in shares of Genesco in the 2nd quarter worth $364,000. First Hawaiian Bank raised its position in shares of Genesco by 108.2% during the second quarter. First Hawaiian Bank now owns 16,680 shares of the company’s stock worth $431,000 after purchasing an additional 8,670 shares during the period. Finally, Renaissance Technologies LLC purchased a new stake in shares of Genesco during the second quarter valued at $463,000. 94.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com raised Genesco from a “hold” rating to a “buy” rating in a research note on Friday.

Genesco Stock Down 3.0 %

Shares of NYSE:GCO opened at $27.36 on Tuesday. Genesco Inc. has a 52 week low of $23.21 and a 52 week high of $37.89. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.40 and a current ratio of 1.53. The company has a market cap of $318.09 million, a PE ratio of -14.03 and a beta of 2.40. The firm has a 50 day simple moving average of $28.10 and a 200 day simple moving average of $26.97.

Genesco (NYSE:GCO) last announced its quarterly earnings data on Friday, September 6th. The company reported ($0.83) EPS for the quarter, topping analysts’ consensus estimates of ($1.12) by $0.29. Genesco had a positive return on equity of 0.49% and a negative net margin of 0.03%. The firm had revenue of $525.19 million during the quarter, compared to analyst estimates of $512.19 million. As a group, research analysts expect that Genesco Inc. will post 0.66 earnings per share for the current 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.