Marshall Wace LLP Acquires 95,195 Shares of Genesco Inc. (NYSE:GCO)

Marshall Wace LLP lifted its stake in shares of Genesco Inc. (NYSE:GCO - Free Report) by 28.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 428,143 shares of the company's stock after purchasing an additional 95,195 shares during the quarter. Marshall Wace LLP owned about 3.82% of Genesco worth $18,303,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GCO. Portolan Capital Management LLC acquired a new stake in shares of Genesco during the fourth quarter worth approximately $19,847,000. State Street Corp lifted its stake in shares of Genesco by 2.1% in the third quarter. State Street Corp now owns 320,691 shares of the company's stock valued at $8,713,000 after buying an additional 6,587 shares during the period. American Century Companies Inc. boosted its stake in 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 buying an additional 55,977 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Genesco by 124.9% during the third quarter. JPMorgan Chase & Co. now owns 251,142 shares of the company's stock valued at $6,824,000 after purchasing an additional 139,485 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Genesco by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 247,193 shares of the company's stock valued at $6,718,000 after purchasing an additional 3,157 shares in the last quarter. Institutional investors own 94.51% of the company's stock.

Insider Transactions at Genesco

In other news, Director Gregory A. Sandfort purchased 10,974 shares of the stock in a transaction on Thursday, March 20th. The shares were acquired at an average price of $22.92 per share, for a total transaction of $251,524.08. Following the completion of the transaction, the director now directly 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 acquisition was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Fund 1 Investments, Llc sold 12,000 shares of the 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 transaction, the insider now directly owns 1,097,850 shares in the company, valued at approximately $22,758,430.50. This represents a 1.08 % decrease in their position. The disclosure for this sale can be found here. 7.09% of the stock is owned by insiders.

Genesco Stock Down 1.7 %

Shares of NYSE:GCO traded down $0.35 during midday trading on Friday, reaching $19.70. The company had a trading volume of 43,822 shares, compared to its average volume of 326,565. The company has a quick ratio of 0.32, a current ratio of 1.56 and a debt-to-equity ratio of 0.19. The business's 50 day moving average price is $24.62 and its 200 day moving average price is $32.27. The stock has a market cap of $217.39 million, a PE ratio of -8.11 and a beta of 2.25. Genesco Inc. has a 1-year low of $16.19 and a 1-year high of $44.80.

Genesco (NYSE:GCO - Get Free Report) last announced its quarterly earnings data 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 analyst estimates of $780.43 million. Genesco had a negative net margin of 1.13% and a positive return on equity of 0.56%. During the same period in the prior year, the firm earned $2.59 earnings per share. Research analysts forecast that Genesco Inc. will post 0.94 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com downgraded 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.