Genesco Inc. (NYSE:GCO) Position Decreased by Russell Investments Group Ltd.

Russell Investments Group Ltd. decreased its holdings in shares of Genesco Inc. (NYSE:GCO – Get Rating) by 13.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 41,634 shares of the company’s stock after selling 6,343 shares during the period. Russell Investments Group Ltd. owned approximately 0.33% of Genesco worth $1,916,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. TD Asset Management Inc boosted its holdings in shares of Genesco by 26.0% in the fourth quarter. TD Asset Management Inc now owns 9,700 shares of the company’s stock worth $446,000 after buying an additional 2,000 shares during the period. Gladius Capital Management LP boosted its holdings in shares of Genesco by 69.5% in the fourth quarter. Gladius Capital Management LP now owns 2,824 shares of the company’s stock worth $130,000 after buying an additional 1,158 shares during the period. New York State Common Retirement Fund boosted its holdings in shares of Genesco by 120.4% in the fourth quarter. New York State Common Retirement Fund now owns 23,405 shares of the company’s stock worth $1,077,000 after buying an additional 12,788 shares during the period. True Signal LP acquired a new position in shares of Genesco in the fourth quarter worth about $213,000. Finally, SummerHaven Investment Management LLC boosted its holdings in shares of Genesco by 1.4% in the fourth quarter. SummerHaven Investment Management LLC now owns 15,528 shares of the company’s stock worth $715,000 after buying an additional 219 shares during the period. Institutional investors own 94.27% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on GCO shares. Seaport Res Ptn upgraded shares of Genesco from a “neutral” rating to a “buy” rating in a report on Tuesday, March 28th. StockNews.com initiated coverage on shares of Genesco in a research report on Thursday, May 18th. They issued a “hold” rating for the company.

Genesco Price Performance

NYSE GCO opened at $29.62 on Tuesday. The company has a 50 day simple moving average of $34.54 and a 200-day simple moving average of $42.22. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.59 and a quick ratio of 0.32. The firm has a market capitalization of $372.12 million, a price-to-earnings ratio of 5.09 and a beta of 1.93. Genesco Inc. has a 52-week low of $29.18 and a 52-week high of $66.42.

Genesco (NYSE:GCO – Get Rating) last posted its quarterly earnings results on Thursday, March 9th. The company reported $3.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.02 by $0.04. The business had revenue of $725.00 million during the quarter, compared to analyst estimates of $727.43 million. Genesco had a net margin of 3.02% and a return on equity of 12.23%. The firm’s revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.48 earnings per share. Equities research analysts predict that Genesco Inc. will post 5.39 earnings per share for the current fiscal year.

Genesco Company Profile

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Genesco, Inc engages in sourcing and design, marketing, and distribution of footwear, apparel, and accessories. It operates through the following business segments: Journeys Group, Schuh Group, Johnston and Murphy Group, and Genesco Brands Group. The Journeys Group segment operates the Journeys, Journeys Kidz, and Little Burgundy retail stores retail footwear chain.