D. E. Shaw & Co. Inc. Trims Stock Position in Genesco Inc. (NYSE:GCO)

D. E. Shaw & Co. Inc. lessened its stake in shares of Genesco Inc. (NYSE:GCO - Free Report) by 23.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 412,363 shares of the company's stock after selling 124,229 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 3.68% of Genesco worth $17,629,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Portolan Capital Management LLC acquired a new position in shares of Genesco during the 4th quarter valued at about $19,847,000. JPMorgan Chase & Co. increased its position in Genesco by 124.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 251,142 shares of the company's stock worth $6,824,000 after purchasing an additional 139,485 shares in the last quarter. Marshall Wace LLP raised its holdings in Genesco by 28.6% in the fourth quarter. Marshall Wace LLP now owns 428,143 shares of the company's stock valued at $18,303,000 after buying an additional 95,195 shares during the period. American Century Companies Inc. lifted its position in Genesco by 25.3% during the fourth quarter. American Century Companies Inc. now owns 276,807 shares of the company's stock valued at $11,833,000 after buying an additional 55,977 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in Genesco during the fourth quarter worth approximately $1,891,000. Institutional investors and hedge funds own 94.51% of the company's stock.

Insiders Place Their Bets

In other news, major shareholder Fund 1 Investments, Llc sold 12,000 shares of the company's stock in a transaction dated 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 transaction, the insider now owns 1,097,850 shares in the company, valued at approximately $22,758,430.50. This represents a 1.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gregory A. Sandfort acquired 10,974 shares of Genesco stock in a transaction dated Thursday, March 20th. The shares were acquired at an average price of $22.92 per share, with a total value of $251,524.08. Following the completion of the transaction, the director now owns 26,754 shares of the company's stock, valued at approximately $613,201.68. This trade represents a 69.54% increase in their position. The disclosure for this purchase can be found here. 7.09% of the stock is owned by corporate insiders.

Genesco Trading Up 13.0%

GCO opened at $23.87 on Tuesday. Genesco Inc. has a 12-month low of $16.19 and a 12-month high of $44.80. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.56 and a quick ratio of 0.32. The stock has a market capitalization of $263.48 million, a PE ratio of -9.82 and a beta of 2.14. The firm's fifty day moving average price is $20.72 and its 200 day moving average price is $31.69.

Genesco (NYSE:GCO - Get Free Report) last released its earnings results on Friday, March 7th. The company reported $3.26 earnings per share for the quarter, missing the consensus estimate of $3.31 by ($0.05). The company had revenue of $745.95 million during the quarter, compared to the consensus estimate 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 period in the previous year, the firm posted $2.59 EPS. As a group, research analysts expect that Genesco Inc. will post 0.94 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.

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