Trexquant Investment LP Sells 25,309 Shares of Genesco Inc. (NYSE:GCO)

Trexquant Investment LP lowered its position in shares of Genesco Inc. (NYSE:GCO) by 68.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,838 shares of the company’s stock after selling 25,309 shares during the period. Trexquant Investment LP’s holdings in Genesco were worth $506,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. State Street Corp raised its stake in shares of Genesco by 2.1% in the third quarter. State Street Corp now owns 320,691 shares of the company’s stock worth $8,713,000 after purchasing an additional 6,587 shares during the last quarter. Barclays PLC raised its position in Genesco by 103.1% in the 3rd quarter. Barclays PLC now owns 20,730 shares of the company’s stock worth $563,000 after buying an additional 10,521 shares during the last quarter. Geode Capital Management LLC lifted its stake in Genesco by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 247,193 shares of the company’s stock valued at $6,718,000 after acquiring an additional 3,157 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Genesco by 8.4% during the 3rd quarter. Franklin Resources Inc. now owns 11,108 shares of the company’s stock valued at $313,000 after acquiring an additional 859 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Genesco by 124.9% in the third quarter. JPMorgan Chase & Co. now owns 251,142 shares of the company’s stock worth $6,824,000 after acquiring an additional 139,485 shares during the period. 94.51% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Genesco from a “hold” rating to a “buy” rating in a research report on Monday, April 7th.

Insider Activity at Genesco

In other news, major shareholder Fund 1 Investments, Llc sold 12,000 shares of Genesco stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $20.73, for a total transaction of $248,760.00. Following the transaction, the insider now directly owns 1,097,850 shares of the company’s stock, valued at $22,758,430.50. The trade was a 1.08 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gregory A. Sandfort bought 10,974 shares of Genesco stock in a transaction that occurred on Thursday, March 20th. The stock was purchased at an average cost of $22.92 per share, with a total value of $251,524.08. Following the completion of the acquisition, the director now directly owns 26,754 shares in the company, valued at $613,201.68. This represents a 69.54 % increase in their position. The disclosure for this purchase can be found here. 7.09% of the stock is currently owned by company insiders.

Genesco Stock Performance

GCO stock opened at $18.66 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.56 and a quick ratio of 0.32. Genesco Inc. has a 1 year low of $16.19 and a 1 year high of $44.80. The company has a market cap of $205.99 million, a P/E ratio of -7.68 and a beta of 2.25. The stock’s fifty day moving average price is $28.45 and its 200-day moving average price is $32.82.

Genesco (NYSE:GCO) last announced its earnings results on Friday, March 7th. The company reported $3.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.31 by ($0.05). Genesco had a positive return on equity of 0.56% and a negative net margin of 1.13%. The firm had revenue of $745.95 million during the quarter, compared to analysts’ expectations of $780.43 million. During the same period in the previous year, the business posted $2.59 earnings per share. On average, equities analysts forecast that Genesco Inc. will post 0.94 earnings per share for the current 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.