BNP Paribas Financial Markets Boosts Holdings in Genesco Inc. (NYSE:GCO)

BNP Paribas Financial Markets raised its holdings in Genesco Inc. (NYSE:GCO - Free Report) by 38.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 42,708 shares of the company's stock after acquiring an additional 11,900 shares during the quarter. BNP Paribas Financial Markets owned 0.38% of Genesco worth $1,826,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Ameriprise Financial Inc. raised its stake in shares of Genesco by 32.7% during the 4th quarter. Ameriprise Financial Inc. now owns 65,625 shares of the company's stock worth $2,805,000 after buying an additional 16,161 shares during the last quarter. Northern Trust Corp raised its stake in shares of Genesco by 1.9% during 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 during the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in shares of Genesco during the 4th quarter worth $1,891,000. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Genesco during the 4th quarter worth $766,000. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of Genesco by 4.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,392 shares of the company's stock worth $616,000 after buying an additional 650 shares during the last quarter. Institutional investors and hedge funds own 94.51% of the company's stock.

Genesco Price Performance

GCO stock traded down $0.88 during trading on Friday, hitting $20.98. The stock had a trading volume of 241,689 shares, compared to its average volume of 213,727. The company's 50 day moving average price is $20.67 and its two-hundred day moving average price is $31.40. Genesco Inc. has a 1-year low of $16.19 and a 1-year high of $44.80. The stock has a market cap of $226.19 million, a price-to-earnings ratio of -8.63 and a beta of 2.14. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.32 and a current ratio of 1.56.

Genesco (NYSE:GCO - Get Free Report) last announced 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). Genesco had a negative net margin of 1.13% and a positive return on equity of 0.56%. The firm had revenue of $745.95 million during the quarter, compared to analyst estimates of $780.43 million. During the same period in the previous year, the firm posted $2.59 EPS. On average, sell-side analysts forecast that Genesco Inc. will post 0.94 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on GCO shares. Jefferies Financial Group reaffirmed a "hold" rating and set a $24.00 price target (down previously from $27.00) on shares of Genesco in a research note on Wednesday. Wall Street Zen downgraded Genesco from a "buy" rating to a "hold" rating in a research note on Tuesday, April 15th.

Insider Activity at Genesco

In other Genesco news, Director Gregory A. Sandfort purchased 10,974 shares of the stock in a transaction on Thursday, March 20th. The stock was bought at an average price of $22.92 per share, for a total transaction of $251,524.08. Following the acquisition, the director now directly owns 26,754 shares of the company's stock, valued at $613,201.68. This represents a 69.54% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Fund 1 Investments, Llc sold 12,000 shares of Genesco stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $20.73, for a total value 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. This trade represents a 1.08% decrease in their position. The disclosure for this sale can be found here. 7.09% of the stock is currently owned by corporate insiders.

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.