Genesco Inc. (NYSE:GCO) Shares Bought by Fund 1 Investments LLC

Fund 1 Investments LLC raised its position in Genesco Inc. (NYSE:GCO - Free Report) by 1,045.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 242,965 shares of the company's stock after purchasing an additional 221,752 shares during the quarter. Genesco accounts for approximately 0.9% of Fund 1 Investments LLC's portfolio, making the stock its 22nd largest position. Fund 1 Investments LLC owned about 2.17% of Genesco worth $10,387,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GCO. Portolan Capital Management LLC purchased a new stake in Genesco in the fourth quarter valued at approximately $19,847,000. JPMorgan Chase & Co. increased its position in shares of Genesco by 124.9% during the third quarter. JPMorgan Chase & Co. now owns 251,142 shares of the company's stock worth $6,824,000 after acquiring an additional 139,485 shares during the period. Marshall Wace LLP increased its position in shares of Genesco by 28.6% during the fourth quarter. Marshall Wace LLP now owns 428,143 shares of the company's stock worth $18,303,000 after acquiring an additional 95,195 shares during the period. American Century Companies Inc. increased its position in shares of Genesco by 25.3% during the fourth quarter. American Century Companies Inc. now owns 276,807 shares of the company's stock worth $11,833,000 after acquiring an additional 55,977 shares during the period. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in shares of Genesco during the fourth quarter worth $1,891,000. Hedge funds and other institutional investors own 94.51% of the company's stock.

Genesco Stock Down 2.1%

Shares of Genesco stock traded down $0.45 during trading hours on Friday, reaching $21.15. 153,257 shares of the company were exchanged, compared to its average volume of 209,589. Genesco Inc. has a 1 year low of $16.19 and a 1 year high of $44.80. The stock's fifty day moving average is $20.90 and its 200 day moving average is $31.71. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.32 and a current ratio of 1.56. The firm has a market cap of $233.45 million, a PE ratio of -8.70 and a beta of 2.14.

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

Insider Buying and Selling

In related 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 transaction, the insider now owns 1,097,850 shares in the company, valued at approximately $22,758,430.50. The trade was a 1.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Gregory A. Sandfort bought 10,974 shares of the stock in a transaction that occurred on Thursday, March 20th. The shares were purchased at an average price of $22.92 per share, with a total value of $251,524.08. Following the purchase, the director now owns 26,754 shares of the company's stock, valued at approximately $613,201.68. This 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.

Wall Street Analysts Forecast Growth

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

About Genesco

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.