Investors Research Corp Lowers Position in Genesco Inc. (NYSE:GCO)

Investors Research Corp lessened its holdings in Genesco Inc. (NYSE:GCO) by 15.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,250 shares of the company’s stock after selling 400 shares during the quarter. Investors Research Corp’s holdings in Genesco were worth $79,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Public Employees Retirement System of Ohio grew its stake in Genesco by 328.3% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 24,474 shares of the company’s stock valued at $754,000 after purchasing an additional 18,760 shares during the period. Vanguard Group Inc. grew its stake in Genesco by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 680,725 shares of the company’s stock valued at $20,980,000 after purchasing an additional 4,159 shares during the period. Deutsche Bank AG grew its stake in Genesco by 29.7% in the 3rd quarter. Deutsche Bank AG now owns 5,131 shares of the company’s stock valued at $158,000 after purchasing an additional 1,174 shares during the period. Jacobs Levy Equity Management Inc. grew its stake in Genesco by 294.0% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 231,078 shares of the company’s stock valued at $7,122,000 after purchasing an additional 172,425 shares during the period. Finally, Royal Bank of Canada grew its stake in Genesco by 8.1% in the 3rd quarter. Royal Bank of Canada now owns 46,257 shares of the company’s stock valued at $1,427,000 after purchasing an additional 3,458 shares during the period. Institutional investors own 94.51% of the company’s stock.

Genesco Stock Performance

GCO stock opened at $25.18 on Wednesday. The company has a current ratio of 1.59, a quick ratio of 0.40 and a debt-to-equity ratio of 0.06. Genesco Inc. has a fifty-two week low of $17.31 and a fifty-two week high of $37.89. The stock has a fifty day moving average of $28.36 and a 200-day moving average of $29.63.

Genesco (NYSE:GCO) last posted its quarterly earnings results on Friday, March 8th. The company reported $2.59 earnings per share for the quarter, missing the consensus estimate of $2.66 by ($0.07). The firm had revenue of $739.00 million for the quarter, compared to the consensus estimate of $705.66 million. Genesco had a positive return on equity of 1.15% and a negative net margin of 0.72%. The firm’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.06 EPS. As a group, sell-side analysts forecast that Genesco Inc. will post 0.65 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, B. Riley restated a “neutral” rating and issued a $31.00 price objective (down previously from $43.00) on shares of Genesco in a research note on Tuesday, March 5th.

About Genesco

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.