Proficio Capital Partners LLC Buys Shares of 11,201 Genesco Inc. (NYSE:GCO)

Proficio Capital Partners LLC bought a new stake in Genesco Inc. (NYSE:GCO) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 11,201 shares of the company’s stock, valued at approximately $479,000. Proficio Capital Partners LLC owned about 0.10% of Genesco at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in Genesco by 124.9% during the third quarter. JPMorgan Chase & Co. now owns 251,142 shares of the company’s stock worth $6,824,000 after purchasing an additional 139,485 shares during the last quarter. Martingale Asset Management L P purchased a new stake in shares of Genesco in the third quarter worth about $842,000. Dynamic Technology Lab Private Ltd boosted its position 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 during the period. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Genesco by 139.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 36,279 shares of the company’s stock worth $986,000 after buying an additional 21,158 shares during the period. Finally, Landscape Capital Management L.L.C. acquired a new position in shares of Genesco in the third quarter worth about $336,000. 94.51% of the stock is currently owned by hedge funds and other institutional investors.

Genesco Stock Down 17.4 %

Shares of Genesco stock opened at $22.40 on Tuesday. The company has a current ratio of 1.56, a quick ratio of 0.32 and a debt-to-equity ratio of 0.19. The business’s 50 day simple moving average is $39.39 and its 200-day simple moving average is $34.24. The stock has a market capitalization of $251.10 million, a price-to-earnings ratio of -9.22 and a beta of 2.41. Genesco Inc. has a twelve month low of $21.94 and a twelve month high of $44.80.

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

Wall Street Analysts Forecast Growth

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

Insider Activity

In related news, VP Daniel E. Ewoldsen sold 4,000 shares of Genesco stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $42.68, for a total value of $170,720.00. Following the transaction, the vice president now directly owns 41,358 shares in the company, valued at $1,765,159.44. The trade was a 8.82 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 7.09% of the stock is owned by insiders.

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.