Genesco Inc. (NYSE:GCO) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. trimmed its holdings in Genesco Inc. (NYSE:GCO - Free Report) by 35.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 97,288 shares of the company's stock after selling 52,914 shares during the period. Assenagon Asset Management S.A. owned about 0.85% of Genesco worth $3,426,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in GCO. Public Employees Retirement System of Ohio lifted its position in shares of Genesco by 328.3% during the third quarter. Public Employees Retirement System of Ohio now owns 24,474 shares of the company's stock valued at $754,000 after purchasing an additional 18,760 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Genesco by 0.6% in the third quarter. Vanguard Group Inc. now owns 680,725 shares of the company's stock valued at $20,980,000 after acquiring an additional 4,159 shares during the period. Deutsche Bank AG boosted its position in shares of Genesco by 29.7% in the third quarter. Deutsche Bank AG now owns 5,131 shares of the company's stock valued at $158,000 after acquiring an additional 1,174 shares during the period. Jacobs Levy Equity Management Inc. boosted its position in shares of Genesco by 294.0% in the third quarter. Jacobs Levy Equity Management Inc. now owns 231,078 shares of the company's stock valued at $7,122,000 after acquiring an additional 172,425 shares during the period. Finally, Royal Bank of Canada lifted its position in Genesco by 8.1% during the third quarter. Royal Bank of Canada now owns 46,257 shares of the company's stock valued at $1,427,000 after purchasing an additional 3,458 shares during the last quarter. 94.51% of the stock is owned by institutional investors.

Genesco Trading Down 2.3 %

Genesco stock traded down $0.63 during mid-day trading on Tuesday, reaching $27.16. 126,461 shares of the company traded hands, compared to its average volume of 124,971. The firm's 50 day moving average price is $28.73 and its 200 day moving average price is $29.85. The firm has a market capitalization of $311.80 million, a price-to-earnings ratio of -20.58 and a beta of 2.28. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.59 and a quick ratio of 0.40. Genesco Inc. has a 52-week low of $17.31 and a 52-week high of $38.26.

Genesco (NYSE:GCO - Get Free Report) last announced its quarterly earnings results on Friday, March 8th. The company reported $2.59 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.66 by ($0.07). The firm had revenue of $739.00 million during the quarter, compared to the consensus estimate of $705.66 million. Genesco had a positive return on equity of 1.15% and a negative net margin of 0.72%. The business's revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.06 EPS. On average, analysts anticipate that Genesco Inc. will post 0.65 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, B. Riley restated a "neutral" rating and issued a $31.00 price objective (down from $43.00) on shares of Genesco in a report on Tuesday, March 5th.

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 Licensed Brands.