19,992 Shares in Genesco Inc. (NYSE:GCO) Acquired by XTX Topco Ltd

Key Points

• XTX Topco Ltd has acquired a new stake in Genesco Inc., purchasing 19,992 shares valued at approximately $424,000, which represents 0.18% of the company.
• Genesco reported earnings of ($2.05) per share for the last quarter, surpassing estimates and registering a revenue of $473.97 million, a 3.6% increase year-over-year.
• Several analysts have recently adjusted their ratings on Genesco, with Jefferies Financial Group reaffirming a "hold" rating while adjusting the price target from $27.00 to $24.00.

XTX Topco Ltd acquired a new stake in Genesco Inc. (NYSE:GCO - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 19,992 shares of the company's stock, valued at approximately $424,000. XTX Topco Ltd owned approximately 0.18% of Genesco at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Genesco during the fourth quarter valued at about $35,000. GAMMA Investing LLC increased its holdings in Genesco by 7,348.3% in the first quarter. GAMMA Investing LLC now owns 8,938 shares of the company's stock valued at $190,000 after buying an additional 8,818 shares during the last quarter. Summit Global Investments bought a new position in shares of Genesco during the first quarter valued at approximately $204,000. Bayesian Capital Management LP acquired a new position in shares of Genesco during the fourth quarter worth approximately $234,000. Finally, State of Wyoming acquired a new stake in Genesco in the fourth quarter worth approximately $242,000. 94.51% of the stock is owned by hedge funds and other institutional investors.

Genesco Stock Up 4.3%

NYSE GCO traded up $1.09 during trading on Wednesday, hitting $26.70. 73,644 shares of the company traded hands, compared to its average volume of 280,024. The company has a current ratio of 1.91, a quick ratio of 0.55 and a debt-to-equity ratio of 0.22. Genesco Inc. has a 12 month low of $16.19 and a 12 month high of $44.80. The business has a fifty day simple moving average of $22.89 and a 200 day simple moving average of $25.22. The company has a market capitalization of $287.82 million, a P/E ratio of -17.12 and a beta of 2.25.

Genesco (NYSE:GCO - Get Free Report) last announced its quarterly earnings data on Wednesday, June 4th. The company reported ($2.05) EPS for the quarter, topping analysts' consensus estimates of ($2.09) by $0.04. The company had revenue of $473.97 million during the quarter, compared to the consensus estimate of $463.90 million. Genesco had a positive return on equity of 2.22% and a negative net margin of 0.67%. The company's quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the company earned ($2.10) EPS. As a group, sell-side analysts predict that Genesco Inc. will post 0.94 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Truist Financial upped their target price on Genesco from $23.00 to $25.00 and gave the stock a "hold" rating in a research report on Thursday, June 5th. Jefferies Financial Group reiterated a "hold" rating and set a $24.00 price objective (down previously from $27.00) on shares of Genesco in a research report on Wednesday, May 21st. Finally, Wall Street Zen downgraded Genesco from a "buy" rating to a "hold" rating in a research report on Friday, May 30th.

Insider Activity

In related news, major shareholder Fund 1 Investments, Llc sold 25,000 shares of the company's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $23.26, for a total value of $581,500.00. Following the completion of the transaction, the insider directly owned 1,072,850 shares of the company's stock, valued at approximately $24,954,491. This represents a 2.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 23.11% of the company's stock.

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.