Assenagon Asset Management S.A. Has $1.38 Million Holdings in Genesco Inc. (NYSE:GCO)

Assenagon Asset Management S.A. lessened its holdings in Genesco Inc. (NYSE:GCO) by 38.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,244 shares of the company’s stock after selling 20,278 shares during the period. Assenagon Asset Management S.A. owned about 0.29% of Genesco worth $1,378,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its stake in Genesco by 2.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 745,818 shares of the company’s stock valued at $19,286,000 after purchasing an additional 17,664 shares during the last quarter. State Street Corp increased its holdings in shares of Genesco by 2.1% during the third quarter. State Street Corp now owns 320,691 shares of the company’s stock worth $8,713,000 after buying an additional 6,587 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Genesco by 124.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 251,142 shares of the company’s stock valued at $6,824,000 after acquiring an additional 139,485 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Genesco by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 247,193 shares of the company’s stock valued at $6,718,000 after acquiring an additional 3,157 shares in the last quarter. Finally, American Century Companies Inc. grew its position in Genesco by 20.2% during the 2nd quarter. American Century Companies Inc. now owns 157,064 shares of the company’s stock worth $4,062,000 after acquiring an additional 26,436 shares during the last quarter. Institutional investors and hedge funds own 94.51% of the company’s stock.

Analyst Upgrades and Downgrades

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

Genesco Stock Performance

Shares of Genesco stock opened at $43.30 on Friday. The stock has a market cap of $485.34 million, a price-to-earnings ratio of -17.82 and a beta of 2.37. Genesco Inc. has a twelve month low of $23.21 and a twelve month high of $44.80. The company’s fifty day moving average is $39.04 and its 200 day moving average is $31.87. 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 (NYSE:GCO) last posted 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 company had revenue of $596.30 million during the quarter, compared to analysts’ expectations of $577.73 million. During the same period in the prior year, the company posted $0.57 earnings per share. Genesco’s revenue for the quarter was up 2.9% compared to the same quarter last year. Sell-side analysts forecast that Genesco Inc. will post 0.94 EPS for the current year.

Insider Transactions at Genesco

In related news, VP Daniel E. Ewoldsen sold 4,000 shares of Genesco stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $42.68, for a total value of $170,720.00. Following the completion of the sale, the vice president now owns 41,358 shares of the company’s stock, valued at approximately $1,765,159.44. This trade represents a 8.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 7.09% of the company’s stock.

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.