Cubist Systematic Strategies LLC Raises Holdings in Genesco Inc. (NYSE:GCO)

Cubist Systematic Strategies LLC grew its position in shares of Genesco Inc. (NYSE:GCO – Get Rating) by 56.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,344 shares of the company’s stock after purchasing an additional 5,167 shares during the period. Cubist Systematic Strategies LLC owned approximately 0.11% of Genesco worth $564,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Boothbay Fund Management LLC purchased a new position in shares of Genesco during the third quarter valued at about $412,000. Nuveen Asset Management LLC grew its position in shares of Genesco by 16.9% during the third quarter. Nuveen Asset Management LLC now owns 240,538 shares of the company’s stock valued at $9,458,000 after purchasing an additional 34,771 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of Genesco by 11.3% during the third quarter. Envestnet Asset Management Inc. now owns 8,322 shares of the company’s stock valued at $327,000 after purchasing an additional 844 shares in the last quarter. ExodusPoint Capital Management LP grew its position in shares of Genesco by 160.3% during the third quarter. ExodusPoint Capital Management LP now owns 11,909 shares of the company’s stock valued at $468,000 after purchasing an additional 7,334 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Genesco by 3.0% in the third quarter. Dimensional Fund Advisors LP now owns 1,042,152 shares of the company’s stock worth $40,978,000 after acquiring an additional 30,324 shares in the last quarter. Hedge funds and other institutional investors own 94.27% of the company’s stock.

Genesco Trading Up 1.3 %

GCO opened at $41.84 on Monday. The firm has a market cap of $527.60 million, a P/E ratio of 7.19 and a beta of 1.95. Genesco Inc. has a 12 month low of $37.54 and a 12 month high of $72.34. The company has a current ratio of 1.59, a quick ratio of 0.27 and a debt-to-equity ratio of 0.07. The stock has a 50-day moving average of $46.31 and a 200 day moving average of $46.10.

Genesco (NYSE:GCO – Get Rating) last released its quarterly earnings results on Thursday, March 9th. The company reported $3.06 EPS for the quarter, topping the consensus estimate of $3.02 by $0.04. The company had revenue of $725.00 million during the quarter, compared to analyst estimates of $727.43 million. Genesco had a return on equity of 12.23% and a net margin of 3.02%. The firm’s revenue was down .4% on a year-over-year basis. During the same quarter last year, the business posted $3.48 earnings per share. As a group, research analysts forecast that Genesco Inc. will post 5.5 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com lowered Genesco from a “buy” rating to a “hold” rating in a research report on Monday, December 5th.

Genesco Company Profile

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Genesco, Inc engages in the retail and sale of footwear, apparel, and accessories. It operates through the following segments: Journeys Group, Schuh Group, Johnston & Murphy Group, and Licensed Brands. The Journeys Group segment contains the Journeys, Journeys Kidz, Shi by Journeys and Little Burgundy retail stores, catalog and e-commerce operations.