Balyasny Asset Management L.P. Purchases Shares of 11,576 Genesco Inc. (NYSE:GCO)

Balyasny Asset Management L.P. purchased a new stake in shares of Genesco Inc. (NYSE:GCO - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 11,576 shares of the company's stock, valued at approximately $495,000. Balyasny Asset Management L.P. owned about 0.10% of Genesco as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Rhumbline Advisers boosted its stake in Genesco by 1.5% during the 4th quarter. Rhumbline Advisers now owns 19,146 shares of the company's stock valued at $818,000 after purchasing an additional 281 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Genesco by 4.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,392 shares of the company's stock valued at $616,000 after purchasing an additional 650 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Genesco by 28.1% during the fourth quarter. Wells Fargo & Company MN now owns 5,846 shares of the company's stock valued at $250,000 after purchasing an additional 1,281 shares in the last quarter. Barclays PLC boosted its position in shares of Genesco by 7.2% during the fourth quarter. Barclays PLC now owns 22,228 shares of the company's stock valued at $950,000 after buying an additional 1,498 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in Genesco by 1.9% in the 4th quarter. Northern Trust Corp now owns 111,992 shares of the company's stock worth $4,788,000 after buying an additional 2,065 shares in the last quarter. Institutional investors own 94.51% of the company's stock.

Genesco Stock Performance

NYSE:GCO traded down $1.13 during trading hours on Monday, reaching $23.08. The company had a trading volume of 164,867 shares, compared to its average volume of 212,069. The firm has a market cap of $254.76 million, a price-to-earnings ratio of -9.50 and a beta of 2.14. The company has a current ratio of 1.56, a quick ratio of 0.32 and a debt-to-equity ratio of 0.19. The firm's 50 day moving average price is $20.60 and its 200-day moving average price is $31.62. Genesco Inc. has a 52 week low of $16.19 and a 52 week high of $44.80.

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

Insider Activity

In other news, major shareholder Fund 1 Investments, Llc sold 12,000 shares of the business's stock in a transaction on Friday, March 28th. The shares were sold at an average price of $20.73, for a total transaction of $248,760.00. Following the completion of the sale, the insider now 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Gregory A. Sandfort bought 10,974 shares of the firm's stock in a transaction that occurred on Thursday, March 20th. The stock was bought at an average cost of $22.92 per share, for a total transaction of $251,524.08. Following the completion of the acquisition, the director now owns 26,754 shares in the company, valued at $613,201.68. This trade represents a 69.54% increase in their position. The disclosure for this purchase can be found here. Insiders own 7.09% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Genesco from a "buy" rating to a "hold" rating in a report on Tuesday, April 15th.

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.