Genesco Inc. (NYSE:GCO) Short Interest Update

Genesco Inc. (NYSE:GCO) saw a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 530,100 shares, a drop of 6.9% from the October 15th total of 569,200 shares. Approximately 5.1% of the shares of the company are sold short. Based on an average trading volume of 148,500 shares, the short-interest ratio is currently 3.6 days.

Wall Street Analyst Weigh In

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

Genesco Stock Performance

NYSE:GCO opened at $29.57 on Monday. The company has a current ratio of 1.53, a quick ratio of 0.40 and a debt-to-equity ratio of 0.15. The firm has a 50-day moving average price of $27.58 and a two-hundred day moving average price of $27.33. Genesco has a twelve month low of $23.21 and a twelve month high of $37.89. The company has a market capitalization of $331.78 million, a P/E ratio of -422.37 and a beta of 2.41.

Genesco (NYSE:GCO) last released its earnings results on Friday, September 6th. The company reported ($0.83) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.12) by $0.29. Genesco had a negative net margin of 0.03% and a positive return on equity of 0.49%. The business had revenue of $525.19 million for the quarter, compared to analysts’ expectations of $512.19 million. As a group, research analysts expect that Genesco will post 0.66 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC increased its stake in Genesco by 1.3% during the third quarter. Geode Capital Management LLC now owns 247,193 shares of the company’s stock valued at $6,718,000 after purchasing an additional 3,157 shares during the last quarter. Barclays PLC lifted its holdings in Genesco by 103.1% in the third quarter. Barclays PLC now owns 20,730 shares of the company’s stock worth $563,000 after purchasing an additional 10,521 shares during the period. State Street Corp lifted its holdings in 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 period. Point72 DIFC Ltd lifted its holdings in Genesco by 1,627.4% in the 3rd quarter. Point72 DIFC Ltd now owns 1,641 shares of the company’s stock valued at $45,000 after acquiring an additional 1,546 shares during the last quarter. Finally, Centiva Capital LP lifted its holdings in Genesco by 4.3% in the 3rd quarter. Centiva Capital LP now owns 8,755 shares of the company’s stock valued at $238,000 after acquiring an additional 357 shares during the last quarter. 94.51% of the stock is owned by institutional investors and hedge funds.

Genesco Company 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.