Separately, Seaport Res Ptn lowered Genesco from a “buy” rating to a “neutral” rating in a report on Tuesday, August 30th.
Genesco Stock Up 11.4 %
NYSE:GCO opened at $47.81 on Wednesday. Genesco has a 12-month low of $37.54 and a 12-month high of $73.72. The company has a quick ratio of 0.42, a current ratio of 1.57 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $624.83 million, a P/E ratio of 6.27 and a beta of 1.93. The stock’s fifty day simple moving average is $43.87 and its 200-day simple moving average is $52.88.
Institutional Trading of Genesco
A number of institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its holdings in shares of Genesco by 3.0% in the third quarter. Dimensional Fund Advisors LP now owns 1,042,152 shares of the company’s stock valued at $40,978,000 after purchasing an additional 30,324 shares in the last quarter. State Street Corp increased its position in shares of Genesco by 3.8% in the second quarter. State Street Corp now owns 551,818 shares of the company’s stock valued at $27,541,000 after acquiring an additional 20,290 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Genesco by 0.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 261,189 shares of the company’s stock valued at $16,614,000 after acquiring an additional 2,399 shares during the last quarter. Invesco Ltd. increased its position in shares of Genesco by 4.8% in the first quarter. Invesco Ltd. now owns 245,684 shares of the company’s stock valued at $15,629,000 after acquiring an additional 11,156 shares during the last quarter. Finally, Acadian Asset Management LLC increased its position in shares of Genesco by 8.4% in the first quarter. Acadian Asset Management LLC now owns 111,132 shares of the company’s stock valued at $7,066,000 after acquiring an additional 8,639 shares during the last quarter. 94.04% of the stock is currently owned by institutional investors.
Genesco Inc operates as a retailer and wholesaler of footwear, apparel, and accessories. The company operates through four segments: Journeys Group, Schuh Group, Johnston & Murphy Group, and Licensed Brands. The Journeys Group segment offers footwear and accessories through the Journeys, Journeys Kidz, and Little Burgundy retail chains, as well as through e-commerce and catalogs for young men, women, and children.
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