Pzena Investment Management LLC Lowers Position in Genesco Inc. (NYSE:GCO)

Pzena Investment Management LLC lowered its holdings in Genesco Inc. (NYSE:GCO - Free Report) by 5.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 765,354 shares of the company's stock after selling 41,377 shares during the period. Pzena Investment Management LLC owned approximately 6.66% of Genesco worth $26,948,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Franklin Resources Inc. increased its stake in Genesco by 6.6% during the 4th quarter. Franklin Resources Inc. now owns 102,906 shares of the company's stock valued at $3,623,000 after buying an additional 6,369 shares during the period. Dimensional Fund Advisors LP increased its stake in Genesco by 4.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 715,076 shares of the company's stock valued at $25,179,000 after buying an additional 33,157 shares during the period. Jump Financial LLC acquired a new position in Genesco during the 4th quarter valued at about $250,000. Charles Schwab Investment Management Inc. increased its stake in Genesco by 7.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 327,616 shares of the company's stock valued at $11,535,000 after buying an additional 21,686 shares during the period. Finally, LSV Asset Management increased its stake in Genesco by 1.8% during the 4th quarter. LSV Asset Management now owns 282,438 shares of the company's stock valued at $9,945,000 after buying an additional 4,876 shares during the period. Institutional investors and hedge funds own 94.51% of the company's stock.

Analysts Set New Price Targets

Separately, B. Riley reissued a "neutral" rating and set a $31.00 target price (down previously from $43.00) on shares of Genesco in a research note on Tuesday, March 5th.

Genesco Price Performance

Shares of GCO traded down $0.14 during mid-day trading on Thursday, hitting $25.98. The company's stock had a trading volume of 156,639 shares, compared to its average volume of 120,143. The firm has a 50-day moving average price of $26.37 and a 200 day moving average price of $29.18. The stock has a market capitalization of $302.15 million, a price-to-earnings ratio of -19.68 and a beta of 2.29. 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 fifty-two week low of $17.31 and a fifty-two week high of $37.89.

Genesco (NYSE:GCO - Get Free Report) last announced its quarterly earnings data on Friday, March 8th. The company reported $2.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.66 by ($0.07). The business had revenue of $739.00 million during the quarter, compared to analyst estimates 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 period in the prior year, the firm earned $3.06 EPS. On average, research analysts predict that Genesco Inc. will post 0.64 EPS for the current fiscal year.

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.