Genesco Inc. (NYSE:GCO) Stock Position Lowered by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. decreased its position in Genesco Inc. (NYSE:GCO) by 13.6% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 194,492 shares of the company’s stock after selling 30,742 shares during the period. Jacobs Levy Equity Management Inc. owned about 1.73% of Genesco worth $5,284,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. American Century Companies Inc. lifted its holdings in shares of Genesco by 20.2% in the second quarter. American Century Companies Inc. now owns 157,064 shares of the company’s stock valued at $4,062,000 after purchasing an additional 26,436 shares in the last quarter. Acadian Asset Management LLC lifted its stake in Genesco by 57.3% in the 2nd quarter. Acadian Asset Management LLC now owns 271,394 shares of the company’s stock worth $7,016,000 after acquiring an additional 98,901 shares in the last quarter. Dynamic Technology Lab Private Ltd boosted its position in Genesco by 166.4% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 34,275 shares of the company’s stock worth $931,000 after acquiring an additional 21,410 shares during the period. Dimensional Fund Advisors LP grew its stake in Genesco by 2.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 745,818 shares of the company’s stock valued at $19,286,000 after acquiring an additional 17,664 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted 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 purchasing an additional 21,158 shares in the last quarter. 94.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Genesco Price Performance

Shares of NYSE:GCO opened at $40.95 on Friday. The company has a current ratio of 1.53, a quick ratio of 0.40 and a debt-to-equity ratio of 0.15. Genesco Inc. has a 1 year low of $23.21 and a 1 year high of $43.00. The business has a fifty day simple moving average of $29.80 and a 200 day simple moving average of $28.11. The firm has a market cap of $459.46 million, a price-to-earnings ratio of -584.92 and a beta of 2.47.

Genesco (NYSE:GCO) last announced its quarterly earnings results on Friday, December 6th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.30 by $0.31. The business had revenue of $596.30 million during the quarter, compared to analysts’ expectations of $577.73 million. Genesco had a positive return on equity of 0.49% and a negative net margin of 0.03%. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.57 EPS. As a group, sell-side analysts predict that Genesco Inc. will post 0.66 earnings per share for the current fiscal year.

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.