State of Alaska Department of Revenue Lowers Stock Holdings in Genesco Inc. (NYSE:GCO)

State of Alaska Department of Revenue lowered its stake in shares of Genesco Inc. (NYSE:GCOGet Rating) by 7.3% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 9,030 shares of the company’s stock after selling 711 shares during the period. State of Alaska Department of Revenue’s holdings in Genesco were worth $355,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Lazard Asset Management LLC grew its holdings in shares of Genesco by 41.0% during the first quarter. Lazard Asset Management LLC now owns 708 shares of the company’s stock worth $45,000 after buying an additional 206 shares during the last quarter. First Horizon Advisors Inc. purchased a new position in shares of Genesco during the second quarter worth about $49,000. KBC Group NV purchased a new position in shares of Genesco during the second quarter worth about $59,000. Captrust Financial Advisors boosted its holdings in Genesco by 45.2% in the 1st quarter. Captrust Financial Advisors now owns 1,227 shares of the company’s stock valued at $78,000 after purchasing an additional 382 shares in the last quarter. Finally, Meeder Asset Management Inc. boosted its holdings in Genesco by 1,073.6% in the 2nd quarter. Meeder Asset Management Inc. now owns 1,737 shares of the company’s stock valued at $87,000 after purchasing an additional 1,589 shares in the last quarter. Hedge funds and other institutional investors own 94.27% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Genesco from a “buy” rating to a “hold” rating in a report on Monday, December 5th.

Genesco Price Performance

Shares of GCO opened at $47.92 on Friday. Genesco Inc. has a twelve month low of $37.54 and a twelve month high of $72.34. The stock’s 50 day moving average is $46.57 and its two-hundred day moving average is $49.15. The firm has a market capitalization of $604.27 million, a PE ratio of 6.83 and a beta of 1.91. The company has a current ratio of 1.53, a quick ratio of 0.27 and a debt-to-equity ratio of 0.15.

Genesco (NYSE:GCOGet Rating) last announced its quarterly earnings results on Friday, December 2nd. The company reported $1.65 EPS for the quarter, topping the consensus estimate of $1.57 by $0.08. The business had revenue of $603.79 million for the quarter, compared to analyst estimates of $590.23 million. Genesco had a return on equity of 14.34% and a net margin of 3.98%. Research analysts anticipate that Genesco Inc. will post 5.6 earnings per share for the current year.

Genesco Profile

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Genesco Inc operates as a retailer and wholesaler of footwear, apparel, and accessories. The company operates through four segments: Journeys Group, Schuh Group, Johnston & Murphy Group, and Licensed Brands. The Journeys Group segment offers footwear and accessories through the Journeys, Journeys Kidz, and Little Burgundy retail chains, as well as through e-commerce and catalogs for young men, women, and children.

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Want to see what other hedge funds are holding GCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Genesco Inc. (NYSE:GCOGet Rating).

Institutional Ownership by Quarter for Genesco (NYSE:GCO)

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