Charles Schwab Investment Management Inc. Has $6.76 Million Holdings in Genesco Inc. (NYSE:GCO)

Charles Schwab Investment Management Inc. trimmed its position in shares of Genesco Inc. (NYSE:GCO) by 30.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 158,171 shares of the company’s stock after selling 70,552 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.41% of Genesco worth $6,762,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of GCO. Versor Investments LP bought a new position in shares of Genesco in the fourth quarter valued at about $543,000. Dynamic Technology Lab Private Ltd increased its position in Genesco by 166.4% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 34,275 shares of the company’s stock valued at $931,000 after acquiring an additional 21,410 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Genesco during the fourth quarter worth approximately $479,000. JPMorgan Chase & Co. lifted its position in shares of 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 in the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of Genesco by 8.4% during the third quarter. Franklin Resources Inc. now owns 11,108 shares of the company’s stock worth $313,000 after purchasing an additional 859 shares in the last quarter. Institutional investors and hedge funds own 94.51% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Genesco

In other news, Director Gregory A. Sandfort purchased 10,974 shares of Genesco stock in a transaction dated Thursday, March 20th. The shares were bought at an average cost of $22.92 per share, with a total value of $251,524.08. Following the completion of the transaction, the director now directly owns 26,754 shares in the company, valued at $613,201.68. This trade represents a 69.54 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 7.09% of the company’s stock.

Genesco Stock Performance

Genesco stock opened at $23.08 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 company has a market cap of $258.82 million, a PE ratio of -9.50 and a beta of 2.41. The company’s 50-day moving average is $35.34 and its two-hundred day moving average is $33.62. Genesco Inc. has a 1 year low of $20.09 and a 1 year high of $44.80.

Genesco (NYSE:GCO) last issued 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 for the quarter, compared to the consensus estimate of $780.43 million. During the same quarter in the previous year, the firm posted $2.59 EPS. Equities analysts anticipate that Genesco Inc. will post 0.94 earnings per share for the current year.

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.