EMC Capital Management Reduces Stake in Genesco Inc. (NYSE:GCO)

EMC Capital Management lessened its stake in shares of Genesco Inc. (NYSE:GCO) by 83.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 3,840 shares of the company’s stock after selling 18,767 shares during the quarter. EMC Capital Management’s holdings in Genesco were worth $164,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of GCO. Centiva Capital LP grew its stake in Genesco by 4.3% during the third quarter. Centiva Capital LP now owns 8,755 shares of the company’s stock valued at $238,000 after acquiring an additional 357 shares in the last quarter. Quest Partners LLC grew its position in shares of Genesco by 54.9% during the 3rd quarter. Quest Partners LLC now owns 1,854 shares of the company’s stock valued at $50,000 after purchasing an additional 657 shares in the last quarter. Franklin Resources Inc. grew its position in shares of Genesco by 8.4% during the 3rd quarter. Franklin Resources Inc. now owns 11,108 shares of the company’s stock valued at $313,000 after purchasing an additional 859 shares in the last quarter. Quarry LP bought a new position in shares of Genesco in the second quarter worth $27,000. Finally, nVerses Capital LLC purchased a new stake in shares of Genesco in the third quarter worth $30,000. 94.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Genesco from a “hold” rating to a “buy” rating in a research note on Friday, December 6th.

Insider Transactions at Genesco

In related news, VP Daniel E. Ewoldsen sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $42.68, for a total transaction of $170,720.00. Following the transaction, the vice president now directly owns 41,358 shares of the company’s stock, valued at approximately $1,765,159.44. This trade represents a 8.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 7.09% of the company’s stock.

Genesco Trading Up 2.4 %

Shares of Genesco stock opened at $42.83 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.56 and a quick ratio of 0.32. Genesco Inc. has a 1 year low of $23.21 and a 1 year high of $44.80. The firm has a market cap of $480.07 million, a PE ratio of -17.62 and a beta of 2.37. The company has a 50 day simple moving average of $40.32 and a two-hundred day simple moving average of $32.45.

Genesco (NYSE:GCO) last posted its quarterly earnings data on Friday, December 6th. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.31. The company had revenue of $596.30 million during the quarter, compared to the consensus estimate of $577.73 million. Genesco had a negative net margin of 1.13% and a positive return on equity of 0.56%. The firm’s revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.57 EPS. Analysts expect that Genesco Inc. will post 0.94 earnings per share for the current fiscal year.

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.